BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/13/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bullish
Technical indicators
17%
50%
33%
My opinion
Bearish under 8,266.28 USDT
My targets
7,990.56 USDT (-1.20%)
7,685.10 USDT (-4.98%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USDT as long as the price remains well below 8,266.28 USDT. The next bearish objective for sellers is set at 7,990.56 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,685.10 USDT. In case of crossing, the next objective would be the support located at 7,402.17 USDT. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 7,990.56 USDT. With this support, against the trend traders who want to buy BITCOIN - BTC/USDT on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
1.4

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 8,087.67 USDT. The price registered a decrease of -1.15% on the session and was between 8,059.68 USDT and 8,192.03 USDT. This implies that the price is at +0.35% from its lowest and at -1.27% from its highest.

8,059.68
8,192.03
8,087.67

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

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:

Central Patterns

Resistance of channel is broken

Type : Bullish

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:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7,402.17 7,685.10 7,990.56 8,087.67 8,266.28 8,438.27 8,562.41
Change (%) -8.48% -4.98% -1.20% - +2.21% +4.33% +5.87%
Change -685.50 -402.57 -97.11 - +178.61 +350.60 +474.74
Level Major Minor Intermediate - Minor Major Minor



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
Standard7,821.177,894.108,037.938,110.868,254.698,327.628,471.45
Camarilla8,122.148,142.018,161.888,181.758,201.628,221.498,241.36
Woodie7,856.617,911.838,073.378,128.598,290.138,345.358,506.89
Fibonacci7,894.107,976.918,028.068,110.868,193.678,244.828,327.62


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,309.886,818.007,422.027,930.148,534.169,042.289,646.30
Camarilla7,720.197,822.147,924.088,026.038,127.988,229.928,331.87
Woodie6,357.826,841.987,469.967,954.128,582.109,066.269,694.24
Fibonacci6,818.007,242.847,505.317,930.148,354.988,617.459,042.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,292.625,867.726,530.507,105.607,768.388,343.489,006.26
Camarilla6,852.866,966.347,079.817,193.287,306.757,420.227,533.70
Woodie5,336.465,889.646,574.347,127.527,812.228,365.409,050.10
Fibonacci5,867.726,340.596,632.737,105.607,578.477,870.618,343.48

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): 45.94
MACD (12,26,9): -4.1500
Directional Movement: -6.52
AROON (14): -42.85
DEMA (21): 8,107.36
Parabolic SAR (0,02-0,02-0,2): 8,279.25
Elder Ray (13): -27.39
Super Trend (3,10): 8,028.44
Zig ZAG (10): 8,074.36
VORTEX (21): 0.9600
Stochastique (14,3,5): 26.29
TEMA (21): 8,092.01
Williams %R (14): -89.75
Chande Momentum Oscillator (20): -76.41
Repulse (5,40,3): -0.4500
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.21
MA7: 8,070.41
MA20: 7,563.43
MA50: 7,391.36
MA100: 7,934.04
MAexp7: 8,097.80
MAexp20: 8,109.12
MAexp50: 8,094.69
MAexp100: 8,040.14
Price / MA7: +0.21%
Price / MA20: +6.93%
Price / MA50: +9.42%
Price / MA100: +1.94%
Price / MAexp7: -0.13%
Price / MAexp20: -0.26%
Price / MAexp50: -0.09%
Price / MAexp100: +0.59%

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

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