BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/15/2019 (GMT)
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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:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 8,595.09 USDT
My targets
8,177.08 USDT (-3.60%)
7,413.25 USDT (-12.60%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 8,595.09 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,177.08 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,413.25 USDT as an objective. Crossing it would then enable sellers to target 6,635.39 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 8,482.38 USDT. On the day, this instrument lost -1.91% and was between 8,425.04 USDT and 8,766.64 USDT. This implies that the price is at +0.68% from its lowest and at -3.24% from its highest.8,425.04
8,766.64
8,482.38
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
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:
Horizontal support 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 harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,635.39 | 7,413.25 | 8,177.08 | 8,482.38 | 8,595.09 | 8,751.72 | 9,094.88 |
| Change (%) | -21.77% | -12.60% | -3.60% | - | +1.33% | +3.18% | +7.22% |
| Change | -1,846.99 | -1,069.13 | -305.30 | - | +112.71 | +269.34 | +612.50 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | 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 | 8,361.60 | 8,478.35 | 8,562.77 | 8,679.52 | 8,763.94 | 8,880.69 | 8,965.11 |
| Camarilla | 8,591.88 | 8,610.32 | 8,628.76 | 8,647.20 | 8,665.64 | 8,684.08 | 8,702.52 |
| Woodie | 8,345.45 | 8,470.27 | 8,546.62 | 8,671.44 | 8,747.79 | 8,872.61 | 8,948.96 |
| Fibonacci | 8,478.35 | 8,555.19 | 8,602.67 | 8,679.52 | 8,756.36 | 8,803.84 | 8,880.69 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.07 | |
| MACD (12,26,9): | -20.1200 | |
| Directional Movement: | -12.69 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 8,585.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,766.64 | |
| Elder Ray (13): | -63.90 | |
| Super Trend (3,10): | 8,732.35 | |
| Zig ZAG (10): | 8,476.26 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 40.34 | |
| TEMA (21): | 8,588.01 | |
| Williams %R (14): | -89.12 | |
| Chande Momentum Oscillator (20): | -71.77 | |
| Repulse (5,40,3): | -2.6500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.44 |
| MA7: | 8,757.49 | |
| MA20: | 9,073.48 | |
| MA50: | 8,543.56 | |
| MA100: | 9,395.32 | |
| MAexp7: | 8,596.38 | |
| MAexp20: | 8,613.18 | |
| MAexp50: | 8,654.95 | |
| MAexp100: | 8,715.01 | |
| Price / MA7: | -3.14% | |
| Price / MA20: | -6.51% | |
| Price / MA50: | -0.72% | |
| Price / MA100: | -9.72% | |
| Price / MAexp7: | -1.33% | |
| Price / MAexp20: | -1.52% | |
| Price / MAexp50: | -1.99% | |
| Price / MAexp100: | -2.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
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