BITCOIN - BTC/USD - 1H - Technical analysis published on 05/26/2020 (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
72%
0%
28%
My opinion
Bearish under 9,156.30 USD
My targets
8,800.57 USD (-0.96%)
8,671.32 USD (-2.42%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 9,156.30 USD. The next bearish objective for sellers is set at 8,800.57 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 8,671.32 USD. If there is any crossing, the next objective would be the support located at 8,397.92 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.6
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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 8,886.31 USD. The price registered a decrease of -0.09% on the session and was between 8,830.31 USD and 9,008.22 USD. This implies that the price is at +0.63% from its lowest and at -1.35% from its highest.8,830.31
9,008.22
8,886.31
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
Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 8,397.92 | 8,671.32 | 8,800.57 | 8,886.31 | 9,156.30 | 9,306.74 | 9,482.02 |
| Change (%) | -5.50% | -2.42% | -0.96% | - | +3.04% | +4.73% | +6.70% |
| Change | -488.39 | -214.99 | -85.74 | - | +269.99 | +420.43 | +595.71 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,409.87 | 8,539.14 | 8,716.72 | 8,845.99 | 9,023.57 | 9,152.84 | 9,330.42 |
| Camarilla | 8,809.91 | 8,838.03 | 8,866.16 | 8,894.29 | 8,922.42 | 8,950.55 | 8,978.67 |
| Woodie | 8,434.02 | 8,551.22 | 8,740.87 | 8,858.07 | 9,047.72 | 9,164.92 | 9,354.56 |
| Fibonacci | 8,539.14 | 8,656.36 | 8,728.78 | 8,845.99 | 8,963.21 | 9,035.63 | 9,152.84 |
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): | 57.49 | |
| MACD (12,26,9): | 16.8700 | |
| Directional Movement: | 9.43 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 8,914.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,865.64 | |
| Elder Ray (13): | 42.44 | |
| Super Trend (3,10): | 8,977.17 | |
| Zig ZAG (10): | 8,954.05 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 76.37 | |
| TEMA (21): | 8,957.12 | |
| Williams %R (14): | -29.63 | |
| Chande Momentum Oscillator (20): | 53.45 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.15 |
| MA7: | 9,070.53 | |
| MA20: | 9,298.34 | |
| MA50: | 8,304.01 | |
| MA100: | 7,917.43 | |
| MAexp7: | 8,931.51 | |
| MAexp20: | 8,900.77 | |
| MAexp50: | 8,930.64 | |
| MAexp100: | 9,032.22 | |
| Price / MA7: | -2.03% | |
| Price / MA20: | -4.43% | |
| Price / MA50: | +7.01% | |
| Price / MA100: | +12.24% | |
| Price / MAexp7: | -0.51% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.50% | |
| Price / MAexp100: | -1.62% |
This member declared not having a position on this financial instrument or a related financial instrument.
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