BITCOIN - BTC/USD - 1H - Technical analysis published on 07/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 9,123.56 USD
My targets
9,016.75 USD (-0.58%)
8,943.62 USD (-1.38%)
My analysis
BITCOIN - BTC/USD 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 9,123.56 USD. The next support located at 9,016.75 USD 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 8,943.62 USD. Below this support, sellers could then target 8,838.74 USD. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 9,069.00 USD. On the day, this instrument lost -0.02% and was traded between 9,046.14 USD and 9,095.97 USD over the period. The price is currently at +0.25% from its lowest and -0.30% from its highest.9,046.14
9,095.97
9,069.00
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,943.62 | 9,016.75 | 9,055.68 | 9,069.00 | 9,123.56 | 9,188.82 | 9,286.39 |
| Change (%) | -1.38% | -0.58% | -0.15% | - | +0.60% | +1.32% | +2.40% |
| Change | -125.38 | -52.25 | -13.32 | - | +54.56 | +119.82 | +217.39 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 8,956.48 | 9,001.20 | 9,035.87 | 9,080.59 | 9,115.26 | 9,159.98 | 9,194.65 |
| Camarilla | 9,048.72 | 9,056.00 | 9,063.27 | 9,070.55 | 9,077.83 | 9,085.11 | 9,092.38 |
| Woodie | 8,951.47 | 8,998.69 | 9,030.86 | 9,078.08 | 9,110.25 | 9,157.47 | 9,189.63 |
| Fibonacci | 9,001.20 | 9,031.52 | 9,050.26 | 9,080.59 | 9,110.91 | 9,129.65 | 9,159.98 |
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 | 6,974.83 | 7,906.79 | 8,520.79 | 9,452.75 | 10,066.75 | 10,998.71 | 11,612.71 |
| Camarilla | 8,709.66 | 8,851.37 | 8,993.09 | 9,134.80 | 9,276.51 | 9,418.23 | 9,559.94 |
| Woodie | 6,815.86 | 7,827.30 | 8,361.82 | 9,373.26 | 9,907.78 | 10,919.22 | 11,453.74 |
| Fibonacci | 7,906.79 | 8,497.34 | 8,862.19 | 9,452.75 | 10,043.30 | 10,408.15 | 10,998.71 |
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): | 42.97 | |
| MACD (12,26,9): | -7.9700 | |
| Directional Movement: | -5.86 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 9,071.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,051.71 | |
| Elder Ray (13): | -4.13 | |
| Super Trend (3,10): | 9,138.80 | |
| Zig ZAG (10): | 9,068.90 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 48.17 | |
| TEMA (21): | 9,074.85 | |
| Williams %R (14): | -56.86 | |
| Chande Momentum Oscillator (20): | -14.96 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.25 |
| MA7: | 9,131.39 | |
| MA20: | 9,282.34 | |
| MA50: | 9,402.89 | |
| MA100: | 8,558.18 | |
| MAexp7: | 9,079.05 | |
| MAexp20: | 9,083.93 | |
| MAexp50: | 9,105.72 | |
| MAexp100: | 9,127.55 | |
| Price / MA7: | -0.68% | |
| Price / MA20: | -2.30% | |
| Price / MA50: | -3.55% | |
| Price / MA100: | +5.97% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.64% |
Quotes :
2020-07-04 10:05:02
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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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