BITCOIN - BTC/USD - 1H - Technical analysis published on 01/17/2021 (GMT)
- 196
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
67%
6%
My opinion
Bearish under 36,645.30 USD
My targets
34,844.00 USD (-2.85%)
32,455.50 USD (-9.51%)
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 36,645.30 USD. The next support located at 34,844.00 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 32,455.50 USD. Below this support, sellers could then target 30,207.70 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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 apjha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 35,864.70 USD. On the day, this instrument lost -0.41% and was between 35,759.90 USD and 36,014.60 USD. This implies that the price is at +0.29% from its lowest and at -0.42% from its highest.35,759.90
36,014.60
35,864.70
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
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
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 1 are neutral and 12 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30,207.70 | 32,455.50 | 34,844.00 | 35,864.70 | 36,645.30 | 38,742.60 | 40,672.60 |
| Change (%) | -15.77% | -9.51% | -2.85% | - | +2.18% | +8.02% | +13.41% |
| Change | -5,657.00 | -3,409.20 | -1,020.70 | - | +780.60 | +2,877.90 | +4,807.90 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,618.87 | 32,216.43 | 34,501.17 | 37,098.73 | 39,383.47 | 41,981.03 | 44,265.77 |
| Camarilla | 35,443.27 | 35,890.81 | 36,338.35 | 36,785.90 | 37,233.44 | 37,680.99 | 38,128.53 |
| Woodie | 29,462.45 | 32,138.23 | 34,344.75 | 37,020.53 | 39,227.05 | 41,902.83 | 44,109.35 |
| Fibonacci | 32,216.43 | 34,081.47 | 35,233.69 | 37,098.73 | 38,963.77 | 40,115.99 | 41,981.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,289.87 | 22,575.63 | 31,416.47 | 36,702.23 | 45,543.07 | 50,828.83 | 59,669.67 |
| Camarilla | 36,372.48 | 37,667.43 | 38,962.36 | 40,257.30 | 41,552.24 | 42,847.18 | 44,142.12 |
| Woodie | 19,067.40 | 23,464.40 | 33,194.00 | 37,591.00 | 47,320.60 | 51,717.60 | 61,447.20 |
| Fibonacci | 22,575.63 | 27,971.99 | 31,305.87 | 36,702.23 | 42,098.59 | 45,432.47 | 50,828.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,521.43 | 13,551.47 | 21,259.83 | 25,289.87 | 32,998.23 | 37,028.27 | 44,736.63 |
| Camarilla | 25,740.14 | 26,816.16 | 27,892.18 | 28,968.20 | 30,044.22 | 31,120.24 | 32,196.26 |
| Woodie | 11,360.60 | 14,471.05 | 23,099.00 | 26,209.45 | 34,837.40 | 37,947.85 | 46,575.80 |
| Fibonacci | 13,551.47 | 18,035.53 | 20,805.80 | 25,289.87 | 29,773.93 | 32,544.20 | 37,028.27 |
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): | 44.02 | |
| MACD (12,26,9): | -206.8500 | |
| Directional Movement: | -11.42 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 36,471.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 37,645.63 | |
| Elder Ray (13): | -444.92 | |
| Super Trend (3,10): | 37,679.20 | |
| Zig ZAG (10): | 36,252.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 25.70 | |
| TEMA (21): | 36,407.83 | |
| Williams %R (14): | -65.07 | |
| Chande Momentum Oscillator (20): | -1,444.80 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.63 |
| MA7: | 36,739.54 | |
| MA20: | 34,384.70 | |
| MA50: | 26,251.47 | |
| MA100: | 20,403.98 | |
| MAexp7: | 36,415.46 | |
| MAexp20: | 36,741.94 | |
| MAexp50: | 36,969.49 | |
| MAexp100: | 36,938.08 | |
| Price / MA7: | -2.38% | |
| Price / MA20: | +4.30% | |
| Price / MA50: | +36.62% | |
| Price / MA100: | +75.77% | |
| Price / MAexp7: | -1.51% | |
| Price / MAexp20: | -2.39% | |
| Price / MAexp50: | -2.99% | |
| Price / MAexp100: | -2.91% |
Quotes :
2021-01-17 00:06:13
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H