BITCOIN - BTC/USD - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 10,729.50 USD
My targets
10,371.20 USD (-2.01%)
9,703.58 USD (-8.32%)
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 10,729.50 USD. The next support located at 10,371.20 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 9,703.58 USD. Below this support, sellers could then target 9,002.75 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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.
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 10,583.72 USD. The price registered a decrease of -1.97% on the session with the lowest point at 10,524.39 USD and the highest point at 10,802.30 USD. The deviation from the price is +0.56% for the low point and -2.02% for the high point.10,524.39
10,802.30
10,583.72
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,002.75 | 10,371.20 | 10,524.00 | 10,583.72 | 10,638.40 | 10,729.50 | 10,774.50 |
| Change (%) | -14.94% | -2.01% | -0.56% | - | +0.52% | +1.38% | +1.80% |
| Change | -1,580.97 | -212.52 | -59.72 | - | +54.68 | +145.78 | +190.78 |
| Level | Intermediate | Major | Minor | - | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 10,501.91 | 10,561.98 | 10,679.21 | 10,739.28 | 10,856.51 | 10,916.58 | 11,033.81 |
| Camarilla | 10,747.69 | 10,763.95 | 10,780.20 | 10,796.45 | 10,812.70 | 10,828.96 | 10,845.21 |
| Woodie | 10,530.50 | 10,576.27 | 10,707.80 | 10,753.57 | 10,885.10 | 10,930.87 | 11,062.40 |
| Fibonacci | 10,561.98 | 10,629.71 | 10,671.55 | 10,739.28 | 10,807.01 | 10,848.85 | 10,916.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,703.58 | 10,033.74 | 10,292.28 | 10,622.44 | 10,880.98 | 11,211.14 | 11,469.68 |
| Camarilla | 10,388.93 | 10,442.89 | 10,496.86 | 10,550.82 | 10,604.78 | 10,658.75 | 10,712.71 |
| Woodie | 9,667.77 | 10,015.84 | 10,256.47 | 10,604.54 | 10,845.17 | 11,193.23 | 11,433.87 |
| Fibonacci | 10,033.74 | 10,258.62 | 10,397.56 | 10,622.44 | 10,847.32 | 10,986.26 | 11,211.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,533.72 | 8,697.37 | 9,736.49 | 10,900.14 | 11,939.26 | 13,102.91 | 14,142.03 |
| Camarilla | 10,169.84 | 10,371.76 | 10,573.68 | 10,775.60 | 10,977.52 | 11,179.44 | 11,381.36 |
| Woodie | 7,471.45 | 8,666.24 | 9,674.22 | 10,869.01 | 11,876.98 | 13,071.78 | 14,079.75 |
| Fibonacci | 8,697.37 | 9,538.83 | 10,058.69 | 10,900.14 | 11,741.60 | 12,261.46 | 13,102.91 |
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): | 37.57 | |
| MACD (12,26,9): | -35.4800 | |
| Directional Movement: | -17.45 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 10,625.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,718.82 | |
| Elder Ray (13): | -60.86 | |
| Super Trend (3,10): | 10,728.46 | |
| Zig ZAG (10): | 10,589.41 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 19.96 | |
| TEMA (21): | 10,585.71 | |
| Williams %R (14): | -69.70 | |
| Chande Momentum Oscillator (20): | -112.21 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.36 |
| MA7: | 10,655.14 | |
| MA20: | 10,705.90 | |
| MA50: | 10,917.10 | |
| MA100: | 10,601.27 | |
| MAexp7: | 10,609.12 | |
| MAexp20: | 10,662.91 | |
| MAexp50: | 10,677.01 | |
| MAexp100: | 10,666.32 | |
| Price / MA7: | -0.67% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -3.05% | |
| Price / MA100: | -0.17% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -0.77% |
Quotes :
2020-10-06 22:34:58
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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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