BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 09/21/2020 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 10,747.30 USD
My targets
10,581.20 USD (-0.84%)
10,371.20 USD (-2.81%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 10,747.30 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 10,581.20 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,371.20 USD as an objective. Crossing it would then enable sellers to target 10,208.60 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.1

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:
15 min. Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USD rating 10,671.04 USD. On the day, this instrument lost -2.28% and was traded between 10,649.85 USD and 10,991.41 USD over the period. The price is currently at +0.20% from its lowest and -2.91% from its highest.

10,649.85
10,991.41
10,671.04

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical


A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour


Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 10,208.60 10,371.20 10,581.20 10,671.04 10,747.30 10,940.00 11,039.30
Change (%) -4.33% -2.81% -0.84% - +0.71% +2.52% +3.45%
Change -462.44 -299.84 -89.84 - +76.26 +268.96 +368.26
Level Intermediate Major Minor - 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
Standard10,447.3410,606.6810,763.5210,922.8611,079.7011,239.0411,395.88
Camarilla10,833.4110,862.3910,891.3810,920.3610,949.3410,978.3311,007.31
Woodie10,446.0910,606.0610,762.2710,922.2411,078.4511,238.4211,394.63
Fibonacci10,606.6810,727.4610,802.0810,922.8611,043.6411,118.2611,239.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,507.649,859.6210,470.3410,822.3211,433.0411,785.0212,395.74
Camarilla10,816.3210,904.5710,992.8111,081.0611,169.3111,257.5611,345.80
Woodie9,637.019,924.3110,599.7110,887.0111,562.4111,849.7112,525.11
Fibonacci9,859.6210,227.3710,454.5710,822.3211,190.0711,417.2711,785.02


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,975.539,837.6710,747.9311,610.0712,520.3313,382.4714,292.73
Camarilla11,170.7911,333.2611,495.7311,658.2011,820.6711,983.1412,145.61
Woodie8,999.609,849.7010,772.0011,622.1012,544.4013,394.5014,316.80
Fibonacci9,837.6710,514.7210,933.0111,610.0712,287.1212,705.4113,382.47

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): 30.95
MACD (12,26,9): -16.6400
Directional Movement: -20.42
AROON (14): -35.71
DEMA (21): 10,884.59
Parabolic SAR (0,02-0,02-0,2): 10,987.70
Elder Ray (13): -84.35
Super Trend (3,10): 10,972.15
Zig ZAG (10): 10,771.65
VORTEX (21): 0.9600
Stochastique (14,3,5): 23.39
TEMA (21): 10,861.53
Williams %R (14): -95.68
Chande Momentum Oscillator (20): -158.81
Repulse (5,40,3): -2.1200
ROCnROLL: 2
TRIX (15,9): -0.0200
Courbe Coppock: 0.30
MA7: 10,902.44
MA20: 10,590.06
MA50: 11,238.31
MA100: 10,408.60
MAexp7: 10,814.81
MAexp20: 10,908.41
MAexp50: 10,930.83
MAexp100: 10,912.36
Price / MA7: -2.12%
Price / MA20: +0.76%
Price / MA50: -5.05%
Price / MA100: +2.52%
Price / MAexp7: -1.33%
Price / MAexp20: -2.18%
Price / MAexp50: -2.38%
Price / MAexp100: -2.21%

Quotes : 2020-09-21 10:20:40 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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