BITCOIN - BTC/USD - 1H - Technical analysis published on 12/04/2020 (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:
Neutral
Technical indicators
22%
61%
17%
My opinion
Bearish under 19,345.50 USD
My targets
18,121.50 USD (-4.67%)
17,525.20 USD (-7.80%)
My analysis
The current short-term bearish acceleration registered on BITCOIN - BTC/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 19,345.50 USD. Short-term sellers will use the support located at 18,121.50 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 17,525.20 USD. Crossing this support would then open the door for sellers to target 16,222.00 USD. Caution, if there is a return to below 19,345.50 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 19,008.36 USD. The price is lower by -2.26% since the last closing with the lowest point at 18,702.04 USD and the highest point at 19,545.82 USD. The deviation from the price is +1.64% for the low point and -2.75% for the high point.18,702.04
19,545.82
19,008.36
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
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 neutral trend. This indecision could turn into a bearish trend due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
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
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16,222.00 | 17,525.20 | 18,121.50 | 19,008.36 | 19,345.50 | 19,899.70 |
| Change (%) | -14.66% | -7.80% | -4.67% | - | +1.77% | +4.69% |
| Change | -2,786.36 | -1,483.16 | -886.86 | - | +337.14 | +891.34 |
| Level | Minor | Minor | Intermediate | - | Major | 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 | 18,271.98 | 18,575.65 | 19,012.18 | 19,315.85 | 19,752.38 | 20,056.05 | 20,492.58 |
| Camarilla | 19,245.16 | 19,313.01 | 19,380.86 | 19,448.71 | 19,516.56 | 19,584.41 | 19,652.27 |
| Woodie | 18,338.41 | 18,608.87 | 19,078.61 | 19,349.07 | 19,818.81 | 20,089.26 | 20,559.01 |
| Fibonacci | 18,575.65 | 18,858.41 | 19,033.09 | 19,315.85 | 19,598.61 | 19,773.29 | 20,056.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,848.73 | 14,535.37 | 16,134.13 | 17,820.77 | 19,419.53 | 21,106.17 | 22,704.93 |
| Camarilla | 16,829.42 | 17,130.58 | 17,431.74 | 17,732.90 | 18,034.06 | 18,335.22 | 18,636.39 |
| Woodie | 12,804.80 | 14,513.40 | 16,090.20 | 17,798.80 | 19,375.60 | 21,084.20 | 22,661.00 |
| Fibonacci | 14,535.37 | 15,790.39 | 16,565.74 | 17,820.77 | 19,075.79 | 19,851.14 | 21,106.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,676.94 | 10,946.97 | 15,329.58 | 17,599.61 | 21,982.22 | 24,252.25 | 28,634.86 |
| Camarilla | 17,882.71 | 18,492.54 | 19,102.36 | 19,712.19 | 20,322.02 | 20,931.84 | 21,541.67 |
| Woodie | 9,733.23 | 11,475.11 | 16,385.87 | 18,127.76 | 23,038.51 | 24,780.40 | 29,691.15 |
| Fibonacci | 10,946.97 | 13,488.28 | 15,058.30 | 17,599.61 | 20,140.92 | 21,710.94 | 24,252.25 |
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): | 42.45 | |
| MACD (12,26,9): | -62.5400 | |
| Directional Movement: | -15.75 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 19,161.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,296.42 | |
| Elder Ray (13): | -135.56 | |
| Super Trend (3,10): | 19,493.28 | |
| Zig ZAG (10): | 19,037.73 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 27.51 | |
| TEMA (21): | 19,060.36 | |
| Williams %R (14): | -63.19 | |
| Chande Momentum Oscillator (20): | -321.71 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.27 |
| MA7: | 18,873.23 | |
| MA20: | 18,224.99 | |
| MA50: | 15,605.81 | |
| MA100: | 13,224.39 | |
| MAexp7: | 19,094.79 | |
| MAexp20: | 19,218.62 | |
| MAexp50: | 19,205.24 | |
| MAexp100: | 19,032.85 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +4.30% | |
| Price / MA50: | +21.80% | |
| Price / MA100: | +43.74% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -1.09% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -0.13% |
Quotes :
2020-12-04 14:00:54
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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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