BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 8,425.04 USDT
My targets
8,177.08 USDT (-2.63%)
7,413.25 USDT (-11.73%)
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 8,425.04 USDT. The next support located at 8,177.08 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 7,413.25 USDT. Below this support, sellers could then target 6,635.39 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
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
BITCOIN - BTC/USDT rating 8,398.03 USDT. The price registered a decrease of -1.21% on the session and was between 8,398.03 USDT and 8,502.19 USDT. This implies that the price is at 0% from its lowest and at -1.23% from its highest.8,398.03
8,502.19
8,398.03
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:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. 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 scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 | 8,398.03 | 8,425.04 | 8,522.49 | 8,711.08 |
| Change (%) | -20.99% | -11.73% | -2.63% | - | +0.32% | +1.48% | +3.73% |
| Change | -1,762.64 | -984.78 | -220.95 | - | +27.01 | +124.46 | +313.05 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,185.02 | 8,291.11 | 8,395.92 | 8,502.01 | 8,606.82 | 8,712.91 | 8,817.72 |
| Camarilla | 8,442.74 | 8,462.08 | 8,481.41 | 8,500.74 | 8,520.07 | 8,539.41 | 8,558.74 |
| Woodie | 8,184.39 | 8,290.79 | 8,395.29 | 8,501.69 | 8,606.19 | 8,712.59 | 8,817.09 |
| Fibonacci | 8,291.11 | 8,371.67 | 8,421.44 | 8,502.01 | 8,582.57 | 8,632.34 | 8,712.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,574.28 | 7,999.66 | 8,244.12 | 8,669.50 | 8,913.96 | 9,339.34 | 9,583.80 |
| Camarilla | 8,304.37 | 8,365.78 | 8,427.18 | 8,488.58 | 8,549.98 | 8,611.38 | 8,672.79 |
| Woodie | 7,483.82 | 7,954.43 | 8,153.66 | 8,624.27 | 8,823.50 | 9,294.11 | 9,493.34 |
| Fibonacci | 7,999.66 | 8,255.54 | 8,413.62 | 8,669.50 | 8,925.38 | 9,083.46 | 9,339.34 |
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): | 41.83 | |
| MACD (12,26,9): | -21.0100 | |
| Directional Movement: | -16.79 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 8,436.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,507.57 | |
| Elder Ray (13): | -29.44 | |
| Super Trend (3,10): | 8,528.07 | |
| Zig ZAG (10): | 8,429.13 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 38.53 | |
| TEMA (21): | 8,421.31 | |
| Williams %R (14): | -61.43 | |
| Chande Momentum Oscillator (20): | -51.46 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.38 |
| MA7: | 8,588.91 | |
| MA20: | 8,936.89 | |
| MA50: | 8,563.34 | |
| MA100: | 9,297.54 | |
| MAexp7: | 8,434.95 | |
| MAexp20: | 8,461.74 | |
| MAexp50: | 8,488.72 | |
| MAexp100: | 8,537.11 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -6.03% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -9.67% | |
| Price / MAexp7: | -0.44% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | -1.07% | |
| Price / MAexp100: | -1.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
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