BITCOIN - BTC/USD - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 9,022.28 USD and 9,191.13 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on BITCOIN - BTC/USD. It is difficult to advise a trading direction under these conditions. The first resistance is located at 9,191.13 USD. The first support is located at 9,022.28 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 9,130.24 USD. The price is lower by -0.62% since the last closing with the lowest point at 9,111.97 USD and the highest point at 9,202.99 USD. The deviation from the price is +0.20% for the low point and -0.79% for the high point.9,111.97
9,202.99
9,130.24
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bullish trend. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 8,838.74 | 8,934.30 | 9,022.28 | 9,130.24 | 9,191.13 | 9,286.26 | 9,662.41 |
| Change (%) | -3.19% | -2.15% | -1.18% | - | +0.67% | +1.71% | +5.83% |
| Change | -291.50 | -195.94 | -107.96 | - | +60.89 | +156.02 | +532.17 |
| Level | Minor | Minor | Major | - | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 8,846.22 | 8,931.47 | 9,059.20 | 9,144.45 | 9,272.18 | 9,357.43 | 9,485.16 |
| Camarilla | 9,128.37 | 9,147.89 | 9,167.42 | 9,186.94 | 9,206.46 | 9,225.99 | 9,245.51 |
| Woodie | 8,867.47 | 8,942.09 | 9,080.45 | 9,155.07 | 9,293.43 | 9,368.05 | 9,506.41 |
| Fibonacci | 8,931.47 | 9,012.83 | 9,063.09 | 9,144.45 | 9,225.81 | 9,276.07 | 9,357.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,680.46 | 8,259.60 | 8,631.04 | 9,210.18 | 9,581.62 | 10,160.76 | 10,532.20 |
| Camarilla | 8,741.07 | 8,828.21 | 8,915.34 | 9,002.48 | 9,089.62 | 9,176.75 | 9,263.89 |
| Woodie | 7,576.61 | 8,207.68 | 8,527.19 | 9,158.26 | 9,477.77 | 10,108.84 | 10,428.35 |
| Fibonacci | 8,259.60 | 8,622.72 | 8,847.06 | 9,210.18 | 9,573.30 | 9,797.64 | 10,160.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,411.98 | 7,269.37 | 8,357.93 | 9,215.32 | 10,303.88 | 11,161.27 | 12,249.83 |
| Camarilla | 8,911.36 | 9,089.74 | 9,268.12 | 9,446.50 | 9,624.88 | 9,803.26 | 9,981.64 |
| Woodie | 6,527.58 | 7,327.16 | 8,473.53 | 9,273.11 | 10,419.48 | 11,219.06 | 12,365.43 |
| Fibonacci | 7,269.37 | 8,012.72 | 8,471.96 | 9,215.32 | 9,958.67 | 10,417.91 | 11,161.27 |
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): | 48.81 | |
| MACD (12,26,9): | 8.4200 | |
| Directional Movement: | -6.19 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 9,161.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,211.01 | |
| Elder Ray (13): | -15.28 | |
| Super Trend (3,10): | 9,072.16 | |
| Zig ZAG (10): | 9,131.51 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 18.57 | |
| TEMA (21): | 9,154.14 | |
| Williams %R (14): | -90.90 | |
| Chande Momentum Oscillator (20): | -87.60 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.15 |
| MA7: | 9,160.62 | |
| MA20: | 9,335.88 | |
| MA50: | 9,418.46 | |
| MA100: | 8,460.66 | |
| MAexp7: | 9,143.54 | |
| MAexp20: | 9,148.06 | |
| MAexp50: | 9,129.69 | |
| MAexp100: | 9,147.79 | |
| Price / MA7: | -0.33% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | -3.06% | |
| Price / MA100: | +7.91% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | -0.19% |
Quotes :
2020-06-30 08:46:41
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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