BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 04/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

50%

28%

22%

My opinion

Bearish under 65,805.48 USDT

My targets

59,483.28 USDT (-7.52%)

55,056.44 USDT (-14.40%)

My analysis

BITCOIN - BTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 65,805.48 USDT. The next support located at 59,483.28 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 55,056.44 USDT. Below this support, sellers could then target 50,745.69 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.4

Comment on the analysis

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 m6rga3. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 64,321.75 USDT. The price registered an increase of +0.64% on the session and was between 62,137.56 USDT and 64,876.11 USDT. This implies that the price is at +3.52% from its lowest and at -0.85% from its highest.

62,137.56

64,876.11

64,321.75

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 9 are bullish, 4 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

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:

Near support of channel

Type : Bullish

Timeframe : 1 hour

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Bearish harami

Type : Bearish

Timeframe : 1 hour

Black evening star

Type : Bearish

Timeframe : 1 hour

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39,567.66	44,055.04	50,745.69	64,321.75	65,805.48	66,404.45	67,514.20
Change (%)	-38.48%	-31.51%	-21.11%	-	+2.31%	+3.24%	+4.96%
Change	-24,754.09	-20,266.71	-13,576.06	-	+1,483.73	+2,082.70	+3,192.45
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	55,320.88	58,510.34	61,210.22	64,399.68	67,099.56	70,289.02	72,988.90
Camarilla	62,290.54	62,830.40	63,370.25	63,910.11	64,449.97	64,989.82	65,529.68
Woodie	55,076.10	58,387.95	60,965.44	64,277.29	66,854.78	70,166.63	72,744.12
Fibonacci	58,510.34	60,760.07	62,149.95	64,399.68	66,649.41	68,039.29	70,289.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48,413.10	55,056.44	59,483.28	66,126.62	70,553.46	77,196.80	81,623.64
Camarilla	60,865.81	61,880.58	62,895.34	63,910.11	64,924.88	65,939.64	66,954.41
Woodie	47,304.84	54,502.32	58,375.02	65,572.50	69,445.20	76,642.68	80,515.38
Fibonacci	55,056.44	59,285.25	61,897.82	66,126.62	70,355.43	72,968.00	77,196.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	49,192.79	54,597.00	62,941.73	68,345.94	76,690.67	82,094.88	90,439.61
Camarilla	67,505.49	68,765.81	70,026.13	71,286.45	72,546.77	73,807.09	75,067.41
Woodie	50,663.04	55,332.13	64,411.98	69,081.07	78,160.92	82,830.01	91,909.86
Fibonacci	54,597.00	59,849.10	63,093.85	68,345.94	73,598.04	76,842.79	82,094.88

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):	38.89
MACD (12,26,9):	-1,054.4000
Directional Movement:	-17.29
AROON (14):	-7.14
DEMA (21):	63,541.31
Parabolic SAR (0,02-0,02-0,2):	66,321.26
Elder Ray (13):	-318.23
Super Trend (3,10):	66,144.41
Zig ZAG (10):	64,264.16
VORTEX (21):	1.0400
Stochastique (14,3,5):	52.06
TEMA (21):	63,475.62
Williams %R (14):	-34.17
Chande Momentum Oscillator (20):	-71.87
Repulse (5,40,3):	-0.1700
ROCnROLL:	2
TRIX (15,9):	-0.2800
Courbe Coppock:	5.50

MA7:	68,106.72
MA20:	68,659.52
MA50:	66,734.43
MA100:	56,062.43
MAexp7:	64,303.42
MAexp20:	65,037.81
MAexp50:	66,877.07
MAexp100:	68,046.98
Price / MA7:	-5.56%
Price / MA20:	-6.32%
Price / MA50:	-3.62%
Price / MA100:	+14.73%
Price / MAexp7:	+0.03%
Price / MAexp20:	-1.10%
Price / MAexp50:	-3.82%
Price / MAexp100:	-5.47%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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