BITCOIN - BTC/USD - 1H - Technical analysis published on 05/25/2020 (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
22%
67%
11%
My opinion
Bearish under 8,925.27 USD
My targets
8,561.57 USD (-2.59%)
7,510.00 USD (-14.55%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 8,925.27 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,561.57 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,510.00 USD as an objective. Crossing it would then enable sellers to target 6,617.29 USD. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
7.5
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 8,789.12 USD. The price is lower by +0.66% since the last closing with the lowest point at 8,668.42 USD and the highest point at 8,808.30 USD. The deviation from the price is +1.39% for the low point and -0.22% for the high point.8,668.42
8,808.30
8,789.12
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 6,617.29 | 8,561.57 | 8,789.12 | 8,800.57 | 8,925.27 | 9,156.30 |
| Change (%) | -33.15% | -24.71% | -2.59% | - | +0.13% | +1.55% | +4.18% |
| Change | -2,913.91 | -2,171.83 | -227.55 | - | +11.45 | +136.15 | +367.18 |
| Level | Major | Intermediate | Major | - | Intermediate | 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 | 8,853.26 | 8,972.42 | 9,074.58 | 9,193.74 | 9,295.90 | 9,415.06 | 9,517.22 |
| Camarilla | 9,115.89 | 9,136.18 | 9,156.46 | 9,176.75 | 9,197.04 | 9,217.33 | 9,237.61 |
| Woodie | 8,844.77 | 8,968.17 | 9,066.09 | 9,189.49 | 9,287.41 | 9,410.81 | 9,508.73 |
| Fibonacci | 8,972.42 | 9,056.96 | 9,109.19 | 9,193.74 | 9,278.28 | 9,330.51 | 9,415.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,510.00 | 8,155.28 | 8,666.02 | 9,311.30 | 9,822.04 | 10,467.32 | 10,978.06 |
| Camarilla | 8,858.85 | 8,964.81 | 9,070.78 | 9,176.75 | 9,282.72 | 9,388.69 | 9,494.66 |
| Woodie | 7,442.72 | 8,121.65 | 8,598.74 | 9,277.67 | 9,754.76 | 10,433.68 | 10,910.78 |
| Fibonacci | 8,155.28 | 8,596.88 | 8,869.70 | 9,311.30 | 9,752.90 | 10,025.72 | 10,467.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,388.78 | 4,773.69 | 6,699.08 | 8,083.99 | 10,009.38 | 11,394.29 | 13,319.68 |
| Camarilla | 7,714.14 | 8,017.58 | 8,321.03 | 8,624.47 | 8,927.91 | 9,231.36 | 9,534.80 |
| Woodie | 3,659.02 | 4,908.81 | 6,969.32 | 8,219.11 | 10,279.62 | 11,529.41 | 13,589.92 |
| Fibonacci | 4,773.69 | 6,038.23 | 6,819.46 | 8,083.99 | 9,348.53 | 10,129.76 | 11,394.29 |
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): | 25.41 | |
| MACD (12,26,9): | -72.3800 | |
| Directional Movement: | -33.02 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 8,974.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,084.80 | |
| Elder Ray (13): | -131.33 | |
| Super Trend (3,10): | 9,169.19 | |
| Zig ZAG (10): | 8,772.84 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 31.27 | |
| TEMA (21): | 8,920.21 | |
| Williams %R (14): | -92.87 | |
| Chande Momentum Oscillator (20): | -367.06 | |
| Repulse (5,40,3): | -4.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 5.85 |
| MA7: | 9,163.87 | |
| MA20: | 9,315.50 | |
| MA50: | 8,229.46 | |
| MA100: | 7,937.14 | |
| MAexp7: | 8,859.88 | |
| MAexp20: | 9,054.16 | |
| MAexp50: | 9,132.86 | |
| MAexp100: | 9,221.42 | |
| Price / MA7: | -4.09% | |
| Price / MA20: | -5.65% | |
| Price / MA50: | +6.80% | |
| Price / MA100: | +10.73% | |
| Price / MAexp7: | -0.80% | |
| Price / MAexp20: | -2.93% | |
| Price / MAexp50: | -3.76% | |
| Price / MAexp100: | -4.69% |
This member declared not having a position on this financial instrument or a related financial instrument.
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