BITCOIN - BTC/USD - 1H - Technical analysis published on 10/28/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 13,244.60 USD
My targets
12,932.90 USD (-1.11%)
12,303.60 USD (-5.92%)
My analysis
The strong short-term decline of BITCOIN - BTC/USD reinforces the current slightly bearish trend. As long as the price remains below 13,244.60 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 12,932.90 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12,303.60 USD as an objective. Crossing it would then enable sellers to target 11,537.10 USD. A return to above 13,244.60 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.8
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 13,078.25 USD. On the day, this instrument lost -4.19% and was traded between 12,900.00 USD and 13,851.60 USD over the period. The price is currently at +1.38% from its lowest and -5.58% from its highest.12,900.00
13,851.60
13,078.25
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
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bearish trend. 53.57% 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 bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 11,537.10 | 12,303.60 | 12,932.90 | 13,078.25 | 13,244.60 | 13,766.20 | 19,345.50 |
| Change (%) | -11.78% | -5.92% | -1.11% | - | +1.27% | +5.26% | +47.92% |
| Change | -1,541.15 | -774.65 | -145.35 | - | +166.35 | +687.95 | +6,267.25 |
| Level | Intermediate | Minor | Major | - | Intermediate | 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 | 12,529.90 | 12,810.89 | 13,230.59 | 13,511.58 | 13,931.28 | 14,212.27 | 14,631.97 |
| Camarilla | 13,457.61 | 13,521.84 | 13,586.07 | 13,650.30 | 13,714.53 | 13,778.76 | 13,842.99 |
| Woodie | 12,599.27 | 12,845.57 | 13,299.96 | 13,546.26 | 14,000.65 | 14,246.95 | 14,701.33 |
| Fibonacci | 12,810.89 | 13,078.55 | 13,243.91 | 13,511.58 | 13,779.24 | 13,944.60 | 14,212.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 300.73 | 341.21 | 386.75 | 427.23 | 472.77 | 513.25 | 558.79 |
| Camarilla | 408.63 | 416.52 | 424.41 | 432.29 | 440.18 | 448.06 | 455.95 |
| Woodie | 303.26 | 342.48 | 389.28 | 428.50 | 475.30 | 514.52 | 561.32 |
| Fibonacci | 341.21 | 374.07 | 394.37 | 427.23 | 460.09 | 480.39 | 513.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,692.70 | 10,896.20 | 11,983.00 | 11,186.50 | 12,273.30 | 11,476.80 | 12,563.60 |
| Camarilla | 12,989.97 | 13,016.58 | 13,043.19 | 13,069.80 | 13,096.41 | 13,123.02 | 13,149.63 |
| Woodie | 12,634.35 | 11,367.03 | 12,924.65 | 11,657.33 | 13,214.95 | 11,947.63 | 13,505.25 |
| Fibonacci | 10,896.20 | 11,007.10 | 11,075.61 | 11,186.50 | 11,297.40 | 11,365.91 | 11,476.80 |
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): | 38.45 | |
| MACD (12,26,9): | -72.6100 | |
| Directional Movement: | -15.94 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 13,333.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,362.98 | |
| Elder Ray (13): | -201.27 | |
| Super Trend (3,10): | 13,530.86 | |
| Zig ZAG (10): | 13,126.34 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 27.59 | |
| TEMA (21): | 13,164.94 | |
| Williams %R (14): | -80.72 | |
| Chande Momentum Oscillator (20): | -653.06 | |
| Repulse (5,40,3): | -0.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 6.65 |
| MA7: | 12,772.29 | |
| MA20: | 12,080.08 | |
| MA50: | 11,246.75 | |
| MA100: | 11,224.89 | |
| MAexp7: | 13,274.40 | |
| MAexp20: | 13,426.37 | |
| MAexp50: | 13,378.45 | |
| MAexp100: | 13,225.64 | |
| Price / MA7: | +2.40% | |
| Price / MA20: | +8.26% | |
| Price / MA50: | +16.28% | |
| Price / MA100: | +16.51% | |
| Price / MAexp7: | -1.48% | |
| Price / MAexp20: | -2.59% | |
| Price / MAexp50: | -2.24% | |
| Price / MAexp100: | -1.11% |
Quotes :
2020-10-28 17:10:23
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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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