BITCOIN - BTC/USD - 1H - Technical analysis published on 08/07/2020 (GMT)
- 153
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 11,580.60 USD
My targets
11,090.60 USD (-2.66%)
10,699.80 USD (-6.09%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 11,580.60 USD. The next bearish objective for sellers is set at 11,090.60 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,699.80 USD. In case of crossing, the next objective would be the support located at 10,371.20 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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 AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 11,393.77 USD. On the day, this instrument lost -3.21% and was between 11,350.57 USD and 11,919.00 USD. This implies that the price is at +0.38% from its lowest and at -4.41% from its highest.11,350.57
11,919.00
11,393.77
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,371.20 | 10,699.80 | 11,090.60 | 11,393.77 | 11,580.60 | 11,828.90 | 12,113.70 |
| Change (%) | -8.97% | -6.09% | -2.66% | - | +1.64% | +3.82% | +6.32% |
| Change | -1,022.57 | -693.97 | -303.17 | - | +186.83 | +435.13 | +719.93 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Major |
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 | 11,261.00 | 11,420.79 | 11,596.34 | 11,756.14 | 11,931.69 | 12,091.49 | 12,267.04 |
| Camarilla | 11,679.68 | 11,710.42 | 11,741.16 | 11,771.90 | 11,802.64 | 11,833.38 | 11,864.12 |
| Woodie | 11,268.88 | 11,424.73 | 11,604.23 | 11,760.08 | 11,939.58 | 12,095.43 | 12,274.93 |
| Fibonacci | 11,420.79 | 11,548.89 | 11,628.03 | 11,756.14 | 11,884.24 | 11,963.38 | 12,091.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.38 | 215.22 | 223.16 | 233.00 | 240.94 | 250.78 | 258.72 |
| Camarilla | 226.22 | 227.85 | 229.48 | 231.11 | 232.74 | 234.37 | 236.00 |
| Woodie | 204.44 | 214.75 | 222.22 | 232.53 | 240.00 | 250.31 | 257.78 |
| Fibonacci | 215.22 | 222.01 | 226.21 | 233.00 | 239.79 | 243.99 | 250.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,504.35 | 8,305.38 | 9,750.99 | 8,552.02 | 9,997.63 | 8,798.66 | 10,244.27 |
| Camarilla | 11,128.77 | 11,151.38 | 11,173.99 | 11,196.60 | 11,219.21 | 11,241.82 | 11,264.43 |
| Woodie | 10,826.64 | 8,966.53 | 11,073.28 | 9,213.17 | 11,319.92 | 9,459.81 | 11,566.56 |
| Fibonacci | 8,305.38 | 8,399.60 | 8,457.80 | 8,552.02 | 8,646.24 | 8,704.44 | 8,798.66 |
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): | 28.52 | |
| MACD (12,26,9): | -46.8800 | |
| Directional Movement: | -29.11 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 11,667.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,840.59 | |
| Elder Ray (13): | -160.39 | |
| Super Trend (3,10): | 11,788.23 | |
| Zig ZAG (10): | 11,500.35 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 16.71 | |
| TEMA (21): | 11,579.13 | |
| Williams %R (14): | -98.83 | |
| Chande Momentum Oscillator (20): | -335.19 | |
| Repulse (5,40,3): | -1.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.28 |
| MA7: | 10,826.99 | |
| MA20: | 10,507.35 | |
| MA50: | 9,745.77 | |
| MA100: | 9,565.81 | |
| MAexp7: | 11,595.96 | |
| MAexp20: | 11,707.12 | |
| MAexp50: | 11,686.24 | |
| MAexp100: | 11,579.50 | |
| Price / MA7: | +5.23% | |
| Price / MA20: | +8.44% | |
| Price / MA50: | +16.91% | |
| Price / MA100: | +19.11% | |
| Price / MAexp7: | -1.74% | |
| Price / MAexp20: | -2.68% | |
| Price / MAexp50: | -2.50% | |
| Price / MAexp100: | -1.60% |
Quotes :
2020-08-07 18:37:45
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H