BITCOIN - BTC/USDT - 1H - Technical analysis published on 08/04/2022 (GMT)
- 115
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
33%
44%
My opinion
Bearish under 23,458.80 USDT
My targets
22,678.40 USDT (-1.83%)
21,332.90 USDT (-7.65%)
My analysis
There is a bearish trend on BITCOIN - BTC/USDT both at the basic level and in the short term. A sale could be considered, so long as the price remains below 23,458.80 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 22,678.40 USDT. Then the price could move towards 21,332.90 USDT. Then 18,974.30 USDT by extension. Be careful, a return to above the resistance 23,458.80 USDT would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 23,100.64 USDT. On the day, this instrument gained +1.16% and was traded between 22,810.94 USDT and 23,223.96 USDT over the period. The price is currently at +1.27% from its lowest and -0.53% from its highest.22,810.94
23,223.96
23,100.64
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of BITCOIN - BTC/USDT in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,974.30 | 21,332.90 | 22,678.40 | 23,100.64 | 23,458.80 | 23,846.90 | 24,632.40 |
| Change (%) | -17.86% | -7.65% | -1.83% | - | +1.55% | +3.23% | +6.63% |
| Change | -4,126.34 | -1,767.74 | -422.24 | - | +358.16 | +746.26 | +1,531.76 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,599.42 | 21,637.78 | 22,236.27 | 23,274.63 | 23,873.12 | 24,911.48 | 25,509.97 |
| Camarilla | 22,384.62 | 22,534.66 | 22,684.71 | 22,834.75 | 22,984.80 | 23,134.84 | 23,284.88 |
| Woodie | 20,379.48 | 21,527.81 | 22,016.33 | 23,164.66 | 23,653.18 | 24,801.51 | 25,290.03 |
| Fibonacci | 21,637.78 | 22,263.06 | 22,649.36 | 23,274.63 | 23,899.91 | 24,286.21 | 24,911.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,473.87 | 19,103.74 | 21,372.64 | 23,002.51 | 25,271.41 | 26,901.28 | 29,170.18 |
| Camarilla | 22,569.39 | 22,926.78 | 23,284.16 | 23,641.55 | 23,998.94 | 24,356.33 | 24,713.71 |
| Woodie | 17,793.40 | 19,263.50 | 21,692.17 | 23,162.27 | 25,590.94 | 27,061.04 | 29,489.71 |
| Fibonacci | 19,103.74 | 20,593.07 | 21,513.18 | 23,002.51 | 24,491.84 | 25,411.95 | 26,901.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,049.11 | 16,432.66 | 19,865.28 | 22,248.83 | 25,681.45 | 28,065.00 | 31,497.62 |
| Camarilla | 21,698.46 | 22,231.61 | 22,764.76 | 23,297.91 | 23,831.06 | 24,364.21 | 24,897.36 |
| Woodie | 14,573.66 | 16,694.93 | 20,389.83 | 22,511.10 | 26,206.00 | 28,327.27 | 32,022.17 |
| Fibonacci | 16,432.66 | 18,654.43 | 20,027.05 | 22,248.83 | 24,470.60 | 25,843.22 | 28,065.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.95 | |
| MACD (12,26,9): | -17.6500 | |
| Directional Movement: | 8.44 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 23,126.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,698.32 | |
| Elder Ray (13): | -11.93 | |
| Super Trend (3,10): | 23,419.50 | |
| Zig ZAG (10): | 23,076.46 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 42.33 | |
| TEMA (21): | 23,084.67 | |
| Williams %R (14): | -57.70 | |
| Chande Momentum Oscillator (20): | -399.50 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.74 |
| MA7: | 23,261.09 | |
| MA20: | 22,705.61 | |
| MA50: | 21,344.46 | |
| MA100: | 26,292.10 | |
| MAexp7: | 23,096.87 | |
| MAexp20: | 23,132.35 | |
| MAexp50: | 23,139.35 | |
| MAexp100: | 23,165.78 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +8.23% | |
| Price / MA100: | -12.14% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.28% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USDT - 1H