BITCOIN - BTC/USD - 1H - Technical analysis published on 02/23/2021 (GMT)
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- 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
22%
67%
11%
My opinion
Bearish under 50,690.50 USD
My targets
48,799.90 USD (-3.15%)
46,787.90 USD (-7.14%)
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 50,690.50 USD. The next support located at 48,799.90 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 46,787.90 USD. Below this support, sellers could then target 40,672.60 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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 boppip. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 50,388.00 USD. The price registered a decrease of -6.94% on the session with the lowest point at 50,295.51 USD and the highest point at 54,200.24 USD. The deviation from the price is +0.18% for the low point and -7.03% for the high point.50,295.51
54,200.24
50,388.00
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:
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. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 40,672.60 | 46,787.90 | 48,799.90 | 50,388.00 | 50,690.50 | 52,638.70 | 53,981.80 |
| Change (%) | -19.28% | -7.14% | -3.15% | - | +0.60% | +4.47% | +7.13% |
| Change | -9,715.40 | -3,600.10 | -1,588.10 | - | +302.50 | +2,250.70 | +3,593.80 |
| Level | Major | Minor | Minor | - | Major | Intermediate | 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 | 37,311.06 | 42,049.51 | 48,097.17 | 52,835.62 | 58,883.28 | 63,621.73 | 69,669.39 |
| Camarilla | 51,178.66 | 52,167.39 | 53,156.11 | 54,144.84 | 55,133.57 | 56,122.29 | 57,111.02 |
| Woodie | 37,965.68 | 42,376.81 | 48,751.78 | 53,162.92 | 59,537.89 | 63,949.03 | 70,324.01 |
| Fibonacci | 42,049.51 | 46,169.80 | 48,715.32 | 52,835.62 | 56,955.91 | 59,501.43 | 63,621.73 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.36 | |
| MACD (12,26,9): | -919.5000 | |
| Directional Movement: | -27.80 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 52,347.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 50,055.21 | |
| Elder Ray (13): | -1,173.00 | |
| Super Trend (3,10): | 55,563.89 | |
| Zig ZAG (10): | 51,560.28 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 44.56 | |
| TEMA (21): | 51,841.03 | |
| Williams %R (14): | -84.53 | |
| Chande Momentum Oscillator (20): | -1,562.98 | |
| Repulse (5,40,3): | -2.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 4.08 |
| MA7: | 54,075.83 | |
| MA20: | 47,926.75 | |
| MA50: | 40,323.99 | |
| MA100: | 30,966.14 | |
| MAexp7: | 52,307.27 | |
| MAexp20: | 53,499.67 | |
| MAexp50: | 54,608.97 | |
| MAexp100: | 54,464.59 | |
| Price / MA7: | -6.82% | |
| Price / MA20: | +5.14% | |
| Price / MA50: | +24.96% | |
| Price / MA100: | +62.72% | |
| Price / MAexp7: | -3.67% | |
| Price / MAexp20: | -5.82% | |
| Price / MAexp50: | -7.73% | |
| Price / MAexp100: | -7.48% |
Quotes :
2021-02-23 04:47:04
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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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