BITCOIN - BTC/USD - 1H - Technical analysis published on 02/22/2021 (GMT)
- Who voted?
- 216
- 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
44%
44%
11%
My opinion
Bearish under 54,921.73 USD
My targets
52,638.70 USD (-1.28%)
50,732.00 USD (-4.85%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BITCOIN - BTC/USD, which is a positive signal for sellers. As long as the price remains above 54,921.73 USD, a sale could be considered. The first bearish objective is located at 52,638.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 50,732.00 USD as an objective. Crossing it would then enable sellers to target 48,190.20 USD. If the price were to return above 54,921.73 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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 gummydoc. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 53,320.12 USD. The price registered a decrease of -7.25% on the session with the lowest point at 46,787.95 USD and the highest point at 57,574.06 USD. The deviation from the price is +13.96% for the low point and -7.39% for the high point.46,787.95
57,574.06
53,320.12
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
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 bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 2 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 48,190.20 | 50,732.00 | 52,638.70 | 53,320.12 |
| Change (%) | -9.62% | -4.85% | -1.28% | - |
| Change | -5,129.92 | -2,588.12 | -681.42 | - |
| Level | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 53,048.72 | 54,287.79 | 55,888.52 | 57,127.59 | 58,728.32 | 59,967.39 | 61,568.12 |
| Camarilla | 56,708.31 | 56,968.62 | 57,228.94 | 57,489.25 | 57,749.56 | 58,009.88 | 58,270.19 |
| Woodie | 53,229.55 | 54,378.21 | 56,069.35 | 57,218.01 | 58,909.15 | 60,057.81 | 61,748.95 |
| Fibonacci | 54,287.79 | 55,372.59 | 56,042.79 | 57,127.59 | 58,212.39 | 58,882.59 | 59,967.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,756.02 | 42,046.31 | 48,978.22 | 53,268.51 | 60,200.41 | 64,490.71 | 71,422.61 |
| Camarilla | 52,824.02 | 53,852.72 | 54,881.42 | 55,910.12 | 56,938.83 | 57,967.53 | 58,996.23 |
| Woodie | 39,076.82 | 42,706.71 | 50,299.02 | 53,928.91 | 61,521.22 | 65,151.11 | 72,743.42 |
| Fibonacci | 42,046.31 | 46,333.19 | 48,981.63 | 53,268.51 | 57,555.39 | 60,203.83 | 64,490.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,541.93 | 20,201.67 | 26,668.53 | 34,328.27 | 40,795.13 | 48,454.87 | 54,921.73 |
| Camarilla | 29,250.58 | 30,545.52 | 31,840.46 | 33,135.40 | 34,430.34 | 35,725.28 | 37,020.21 |
| Woodie | 11,945.50 | 19,903.45 | 26,072.10 | 34,030.05 | 40,198.70 | 48,156.65 | 54,325.30 |
| Fibonacci | 20,201.67 | 25,598.03 | 28,931.91 | 34,328.27 | 39,724.63 | 43,058.51 | 48,454.87 |
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): | 38.98 | |
| MACD (12,26,9): | -1,067.1300 | |
| Directional Movement: | -38.02 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 53,270.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 47,089.31 | |
| Elder Ray (13): | -1,393.93 | |
| Super Trend (3,10): | 55,563.89 | |
| Zig ZAG (10): | 53,255.86 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 61.22 | |
| TEMA (21): | 52,459.71 | |
| Williams %R (14): | -33.35 | |
| Chande Momentum Oscillator (20): | -3,136.83 | |
| Repulse (5,40,3): | 1.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 11.18 |
| MA7: | 53,656.98 | |
| MA20: | 47,185.37 | |
| MA50: | 39,911.29 | |
| MA100: | 30,597.22 | |
| MAexp7: | 53,278.02 | |
| MAexp20: | 54,533.46 | |
| MAexp50: | 55,370.72 | |
| MAexp100: | 54,763.04 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | +13.00% | |
| Price / MA50: | +33.60% | |
| Price / MA100: | +74.26% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | -2.22% | |
| Price / MAexp50: | -3.70% | |
| Price / MAexp100: | -2.63% |
Quotes :
2021-02-22 19:10:23
-
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