BITCOIN - BTC/USD - 1H - Technical analysis published on 11/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 17,614.60 USD
My targets
16,670.87 USD (-1.78%)
15,607.60 USD (-8.04%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 17,614.60 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 16,670.87 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15,607.60 USD as an objective. Crossing it would then enable sellers to target 12,932.90 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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 16,972.60 USD. The price registered a decrease of -9.41% on the session and was between 16,328.21 USD and 18,913.22 USD. This implies that the price is at +3.95% from its lowest and at -10.26% from its highest.16,328.21
18,913.22
16,972.60
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (5 years)
Type : Bullish
Timeframe : Weekly
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 sharp bearish trend. The signals given by moving averages are 89.29% 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,303.60 | 12,932.90 | 15,607.60 | 16,972.60 | 17,614.60 | 18,066.50 | 18,648.40 |
| Change (%) | -27.51% | -23.80% | -8.04% | - | +3.78% | +6.45% | +9.87% |
| Change | -4,669.00 | -4,039.70 | -1,365.00 | - | +642.00 | +1,093.90 | +1,675.80 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | Minor |
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 | 17,323.66 | 17,914.77 | 18,325.18 | 18,916.29 | 19,326.70 | 19,917.81 | 20,328.23 |
| Camarilla | 18,460.18 | 18,551.99 | 18,643.79 | 18,735.60 | 18,827.41 | 18,919.21 | 19,011.02 |
| Woodie | 17,233.32 | 17,869.59 | 18,234.84 | 18,871.11 | 19,236.36 | 19,872.64 | 20,237.88 |
| Fibonacci | 17,914.77 | 18,297.35 | 18,533.71 | 18,916.29 | 19,298.87 | 19,535.23 | 19,917.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,487.27 | 14,641.73 | 16,670.87 | 17,825.33 | 19,854.47 | 21,008.93 | 23,038.07 |
| Camarilla | 17,824.51 | 18,116.34 | 18,408.17 | 18,700.00 | 18,991.83 | 19,283.66 | 19,575.49 |
| Woodie | 13,924.60 | 14,860.40 | 17,108.20 | 18,044.00 | 20,291.80 | 21,227.60 | 23,475.40 |
| Fibonacci | 14,641.73 | 15,857.87 | 16,609.20 | 17,825.33 | 19,041.47 | 19,792.80 | 21,008.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,707.77 | 9,035.83 | 11,423.77 | 12,751.83 | 15,139.77 | 16,467.83 | 18,855.77 |
| Camarilla | 12,789.80 | 13,130.43 | 13,471.07 | 13,811.70 | 14,152.33 | 14,492.97 | 14,833.60 |
| Woodie | 8,237.70 | 9,300.80 | 11,953.70 | 13,016.80 | 15,669.70 | 16,732.80 | 19,385.70 |
| Fibonacci | 9,035.83 | 10,455.35 | 11,332.32 | 12,751.83 | 14,171.35 | 15,048.32 | 16,467.83 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 34.76 | |
| MACD (12,26,9): | -467.5400 | |
| Directional Movement: | -28.48 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 17,314.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 17,431.85 | |
| Elder Ray (13): | -328.25 | |
| Super Trend (3,10): | 18,202.21 | |
| Zig ZAG (10): | 17,135.20 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 32.26 | |
| TEMA (21): | 16,856.07 | |
| Williams %R (14): | -75.96 | |
| Chande Momentum Oscillator (20): | -1,477.31 | |
| Repulse (5,40,3): | -0.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 16.30 |
| MA7: | 18,486.67 | |
| MA20: | 17,038.76 | |
| MA50: | 14,433.86 | |
| MA100: | 12,663.10 | |
| MAexp7: | 17,368.81 | |
| MAexp20: | 17,893.84 | |
| MAexp50: | 18,376.36 | |
| MAexp100: | 18,482.21 | |
| Price / MA7: | -8.19% | |
| Price / MA20: | -0.39% | |
| Price / MA50: | +17.59% | |
| Price / MA100: | +34.03% | |
| Price / MAexp7: | -2.28% | |
| Price / MAexp20: | -5.15% | |
| Price / MAexp50: | -7.64% | |
| Price / MAexp100: | -8.17% |
Quotes :
2020-11-26 14:12:18
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Real time data
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Cryptocompare
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