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BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 11/26/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 16,670.87 USD
My targets
15,607.60 USD (-4.72%)
14,641.73 USD (-10.62%)
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 16,670.87 USD. The next support located at 15,607.60 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 14,641.73 USD. Below this support, sellers could then target 12,932.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

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
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.

BCFI
This analysis was given by BCFI. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 16,381.00 USD. The price registered a decrease of -12.57% on the session and was between 16,222.00 USD and 18,913.22 USD. This implies that the price is at +0.98% from its lowest and at -13.39% from its highest.

16,222.00
18,913.22
16,381.00

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% 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.

The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

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 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12,303.60 12,932.90 15,607.60 16,381.00 17,614.60 18,066.50 18,648.40
Change (%) -24.89% -21.05% -4.72% - +7.53% +10.29% +13.84%
Change -4,077.40 -3,448.10 -773.40 - +1,233.60 +1,685.50 +2,267.40
Level Minor Major Intermediate - Intermediate Minor Minor



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
Standard17,323.6617,914.7718,325.1818,916.2919,326.7019,917.8120,328.23
Camarilla18,460.1818,551.9918,643.7918,735.6018,827.4118,919.2119,011.02
Woodie17,233.3217,869.5918,234.8418,871.1119,236.3619,872.6420,237.88
Fibonacci17,914.7718,297.3518,533.7118,916.2919,298.8719,535.2319,917.81


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13,487.2714,641.7316,670.8717,825.3319,854.4721,008.9323,038.07
Camarilla17,824.5118,116.3418,408.1718,700.0018,991.8319,283.6619,575.49
Woodie13,924.6014,860.4017,108.2018,044.0020,291.8021,227.6023,475.40
Fibonacci14,641.7315,857.8716,609.2017,825.3319,041.4719,792.8021,008.93


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,707.779,035.8311,423.7712,751.8315,139.7716,467.8318,855.77
Camarilla12,789.8013,130.4313,471.0713,811.7014,152.3314,492.9714,833.60
Woodie8,237.709,300.8011,953.7013,016.8015,669.7016,732.8019,385.70
Fibonacci9,035.8310,455.3511,332.3212,751.8314,171.3515,048.3216,467.83

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 30.53
MACD (12,26,9): -532.7200
Directional Movement: -27.97
AROON (14): -92.86
DEMA (21): 16,748.75
Parabolic SAR (0,02-0,02-0,2): 17,067.83
Elder Ray (13): -422.23
Super Trend (3,10): 17,791.19
Zig ZAG (10): 16,599.60
VORTEX (21): 0.7700
Stochastique (14,3,5): 20.54
TEMA (21): 16,385.47
Williams %R (14): -79.43
Chande Momentum Oscillator (20): -983.70
Repulse (5,40,3): -0.8500
ROCnROLL: 2
TRIX (15,9): -0.4000
Courbe Coppock: 14.02
MA7: 18,365.25
MA20: 17,010.62
MA50: 14,423.08
MA100: 12,657.58
MAexp7: 16,734.51
MAexp20: 17,431.65
MAexp50: 18,075.40
MAexp100: 18,315.05
Price / MA7: -10.80%
Price / MA20: -3.70%
Price / MA50: +13.57%
Price / MA100: +29.42%
Price / MAexp7: -2.11%
Price / MAexp20: -6.03%
Price / MAexp50: -9.37%
Price / MAexp100: -10.56%

Quotes : 2020-11-26 19:30:14 - Real time data - Cryptocompare

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

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Londinia AI

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