BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 8,850.63 USDT
My targets
8,709.67 USDT (-0.54%)
8,634.75 USDT (-1.39%)
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 8,850.63 USDT. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 8,709.67 USDT. Then the price could move towards 8,634.75 USDT. Then 8,177.08 USDT by extension. Be careful, a return to above the resistance 8,850.63 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 8,756.63 USDT. On the day, this instrument lost -0.66% and was between 8,714.95 USDT and 8,831.59 USDT. This implies that the price is at +0.48% from its lowest and at -0.85% from its highest.8,714.95
8,831.59
8,756.63
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:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is bearish. 75% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,177.08 | 8,634.75 | 8,709.67 | 8,756.63 | 8,850.63 | 9,094.88 | 9,255.25 |
| Change (%) | -6.62% | -1.39% | -0.54% | - | +1.07% | +3.86% | +5.69% |
| Change | -579.55 | -121.88 | -46.96 | - | +94.00 | +338.25 | +498.62 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Intermediate |
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 | 8,399.89 | 8,498.30 | 8,656.42 | 8,754.83 | 8,912.95 | 9,011.36 | 9,169.48 |
| Camarilla | 8,744.00 | 8,767.51 | 8,791.03 | 8,814.54 | 8,838.06 | 8,861.57 | 8,885.09 |
| Woodie | 8,429.75 | 8,513.23 | 8,686.28 | 8,769.76 | 8,942.81 | 9,026.29 | 9,199.34 |
| Fibonacci | 8,498.30 | 8,596.30 | 8,656.84 | 8,754.83 | 8,852.82 | 8,913.37 | 9,011.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,727.17 | 8,219.06 | 8,513.32 | 9,005.21 | 9,299.47 | 9,791.36 | 10,085.62 |
| Camarilla | 8,591.39 | 8,663.45 | 8,735.52 | 8,807.58 | 8,879.64 | 8,951.71 | 9,023.77 |
| Woodie | 7,628.36 | 8,169.65 | 8,414.51 | 8,955.80 | 9,200.66 | 9,741.95 | 9,986.80 |
| Fibonacci | 8,219.06 | 8,519.37 | 8,704.90 | 9,005.21 | 9,305.52 | 9,491.05 | 9,791.36 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,667.87 | 6,004.02 | 7,573.00 | 8,909.15 | 10,478.13 | 11,814.28 | 13,383.26 |
| Camarilla | 8,343.07 | 8,609.37 | 8,875.68 | 9,141.98 | 9,408.28 | 9,674.59 | 9,940.89 |
| Woodie | 4,784.29 | 6,062.23 | 7,689.42 | 8,967.36 | 10,594.55 | 11,872.49 | 13,499.68 |
| Fibonacci | 6,004.02 | 7,113.78 | 7,799.39 | 8,909.15 | 10,018.91 | 10,704.52 | 11,814.28 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.21 | |
| MACD (12,26,9): | 1.9900 | |
| Directional Movement: | -1.28 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 8,764.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,829.59 | |
| Elder Ray (13): | -6.81 | |
| Super Trend (3,10): | 8,820.62 | |
| Zig ZAG (10): | 8,766.10 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 41.42 | |
| TEMA (21): | 8,769.76 | |
| Williams %R (14): | -50.58 | |
| Chande Momentum Oscillator (20): | 14.01 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.29 |
| MA7: | 8,877.75 | |
| MA20: | 9,110.31 | |
| MA50: | 8,530.43 | |
| MA100: | 9,458.33 | |
| MAexp7: | 8,763.98 | |
| MAexp20: | 8,761.02 | |
| MAexp50: | 8,771.71 | |
| MAexp100: | 8,822.69 | |
| Price / MA7: | -1.36% | |
| Price / MA20: | -3.88% | |
| Price / MA50: | +2.65% | |
| Price / MA100: | -7.42% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
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