BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/22/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 10,617.70 USDT
My targets
10,341.90 USDT (-1.37%)
10,215.20 USDT (-2.58%)
My analysis
The bearish basic trend is very strong on BITCOIN - BTC/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 10,617.70 USDT. Crossing the first support at 10,341.90 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 10,215.20 USDT as an objective. Crossing it would then enable sellers to target 9,017.76 USDT. Caution, a return to above the resistance located at 10,617.70 USDT would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.4
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This analysis was given by Monocle360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 10,485.54 USDT. On the day, this instrument gained +0.66% with the lowest point at 10,361.81 USDT and the highest point at 10,513.01 USDT. The deviation from the price is +1.19% for the low point and -0.26% for the high point.10,361.81
10,513.01
10,485.54
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,017.76 | 10,215.20 | 10,341.90 | 10,485.54 | 10,617.70 | 10,753.20 | 11,038.40 |
| Change (%) | -14.00% | -2.58% | -1.37% | - | +1.26% | +2.55% | +5.27% |
| Change | -1,467.78 | -270.34 | -143.64 | - | +132.16 | +267.66 | +552.86 |
| Level | Intermediate | Intermediate | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,651.45 | 10,031.49 | 10,223.96 | 10,604.00 | 10,796.47 | 11,176.51 | 11,368.98 |
| Camarilla | 10,258.99 | 10,311.47 | 10,363.95 | 10,416.43 | 10,468.91 | 10,521.39 | 10,573.87 |
| Woodie | 9,557.67 | 9,984.60 | 10,130.18 | 10,557.11 | 10,702.68 | 11,129.62 | 11,275.20 |
| Fibonacci | 10,031.49 | 10,250.19 | 10,385.30 | 10,604.00 | 10,822.70 | 10,957.81 | 11,176.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,512.87 | 9,864.04 | 10,472.17 | 10,823.34 | 11,431.47 | 11,782.64 | 12,390.77 |
| Camarilla | 10,816.50 | 10,904.44 | 10,992.37 | 11,080.31 | 11,168.25 | 11,256.18 | 11,344.12 |
| Woodie | 9,641.36 | 9,928.28 | 10,600.66 | 10,887.58 | 11,559.96 | 11,846.88 | 12,519.26 |
| Fibonacci | 9,864.04 | 10,230.49 | 10,456.88 | 10,823.34 | 11,189.79 | 11,416.18 | 11,782.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,387.97 | 10,158.93 | 10,905.07 | 11,676.03 | 12,422.17 | 13,193.13 | 13,939.27 |
| Camarilla | 11,234.00 | 11,373.07 | 11,512.13 | 11,651.20 | 11,790.27 | 11,929.34 | 12,068.40 |
| Woodie | 9,375.55 | 10,152.73 | 10,892.65 | 11,669.83 | 12,409.75 | 13,186.93 | 13,926.85 |
| Fibonacci | 10,158.93 | 10,738.47 | 11,096.50 | 11,676.03 | 12,255.57 | 12,613.60 | 13,193.13 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.24 | |
| MACD (12,26,9): | -90.0600 | |
| Directional Movement: | -17.03 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 10,394.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,364.57 | |
| Elder Ray (13): | -20.34 | |
| Super Trend (3,10): | 10,591.73 | |
| Zig ZAG (10): | 10,479.22 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 70.13 | |
| TEMA (21): | 10,387.15 | |
| Williams %R (14): | -9.49 | |
| Chande Momentum Oscillator (20): | 53.16 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 0.89 |
| MA7: | 10,820.14 | |
| MA20: | 10,520.22 | |
| MA50: | 11,210.07 | |
| MA100: | 10,409.48 | |
| MAexp7: | 10,469.14 | |
| MAexp20: | 10,523.69 | |
| MAexp50: | 10,679.10 | |
| MAexp100: | 10,767.20 | |
| Price / MA7: | -3.09% | |
| Price / MA20: | -0.33% | |
| Price / MA50: | -6.46% | |
| Price / MA100: | +0.73% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -1.81% | |
| Price / MAexp100: | -2.62% |
Quotes :
2020-09-22 13:15:25
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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