BITCOIN - BTC/USD - 1H - Technical analysis published on 04/16/2021 (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
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 63,486.70 USD
My targets
59,369.70 USD (-3.44%)
58,338.70 USD (-5.11%)
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 63,486.70 USD. The next support located at 59,369.70 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 58,338.70 USD. Below this support, sellers could then target 55,922.80 USD.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
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 Jonnycruz89. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 61,482.37 USD. The price registered a decrease of -2.78% on the session and was traded between 61,025.16 USD and 63,588.32 USD over the period. The price is currently at +0.75% from its lowest and -3.31% from its highest.61,025.16
63,588.32
61,482.37
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 (1st january)
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 bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 58,338.70 | 59,369.70 | 61,170.60 | 61,482.37 | 63,486.70 | 64,886.40 |
| Change (%) | -5.11% | -3.44% | -0.51% | - | +3.26% | +5.54% |
| Change | -3,143.67 | -2,112.67 | -311.77 | - | +2,004.33 | +3,404.03 |
| Level | Minor | Minor | Major | - | Minor | 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 | 60,463.71 | 61,253.73 | 62,246.33 | 63,036.35 | 64,028.95 | 64,818.97 | 65,811.57 |
| Camarilla | 62,748.70 | 62,912.11 | 63,075.51 | 63,238.92 | 63,402.33 | 63,565.73 | 63,729.14 |
| Woodie | 60,564.99 | 61,304.38 | 62,347.61 | 63,087.00 | 64,130.23 | 64,869.62 | 65,912.85 |
| Fibonacci | 61,253.73 | 61,934.69 | 62,355.39 | 63,036.35 | 63,717.31 | 64,138.01 | 64,818.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50,577.23 | 52,992.17 | 56,385.93 | 58,800.87 | 62,194.63 | 64,609.57 | 68,003.33 |
| Camarilla | 58,182.31 | 58,714.77 | 59,247.24 | 59,779.70 | 60,312.16 | 60,844.63 | 61,377.09 |
| Woodie | 51,066.65 | 53,236.88 | 56,875.35 | 59,045.58 | 62,684.05 | 64,854.28 | 68,492.75 |
| Fibonacci | 52,992.17 | 55,211.09 | 56,581.94 | 58,800.87 | 61,019.79 | 62,390.64 | 64,609.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31,887.30 | 38,464.90 | 48,631.10 | 55,208.70 | 65,374.90 | 71,952.50 | 82,118.70 |
| Camarilla | 54,192.76 | 55,727.60 | 57,262.45 | 58,797.30 | 60,332.15 | 61,867.00 | 63,401.85 |
| Woodie | 33,681.60 | 39,362.05 | 50,425.40 | 56,105.85 | 67,169.20 | 72,849.65 | 83,913.00 |
| Fibonacci | 38,464.90 | 44,861.03 | 48,812.57 | 55,208.70 | 61,604.83 | 65,556.37 | 71,952.50 |
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): | 29.87 | |
| MACD (12,26,9): | -232.0000 | |
| Directional Movement: | -15.29 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 62,449.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 63,434.03 | |
| Elder Ray (13): | -1,020.29 | |
| Super Trend (3,10): | 63,291.01 | |
| Zig ZAG (10): | 61,120.24 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 10.96 | |
| TEMA (21): | 62,270.60 | |
| Williams %R (14): | -84.49 | |
| Chande Momentum Oscillator (20): | -1,989.57 | |
| Repulse (5,40,3): | -1.6400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 61,583.92 | |
| MA20: | 59,205.28 | |
| MA50: | 55,829.37 | |
| MA100: | 48,306.77 | |
| MAexp7: | 62,301.54 | |
| MAexp20: | 62,671.80 | |
| MAexp50: | 62,727.62 | |
| MAexp100: | 62,212.55 | |
| Price / MA7: | -0.16% | |
| Price / MA20: | +3.85% | |
| Price / MA50: | +10.13% | |
| Price / MA100: | +27.27% | |
| Price / MAexp7: | -1.31% | |
| Price / MAexp20: | -1.90% | |
| Price / MAexp50: | -1.99% | |
| Price / MAexp100: | -1.17% |
Quotes :
-
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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