BITCOIN - BTC/USD - 1H - Technical analysis published on 04/18/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
50%
11%
My opinion
Bearish under 55,922.80 USD
My targets
52,150.53 USD (-5.50%)
48,631.10 USD (-11.88%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 55,922.80 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 52,150.53 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 48,631.10 USD as an objective. Crossing it would then enable sellers to target 40,672.60 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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 zabela403. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 55,187.39 USD. The price registered a decrease of -8.12% on the session with the lowest point at 52,215.58 USD and the highest point at 60,431.39 USD. The deviation from the price is +5.69% for the low point and -8.68% for the high point.52,215.58
60,431.39
55,187.39
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 2 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19,345.50 | 30,409.80 | 40,672.60 | 55,187.39 | 55,922.80 | 57,846.80 | 59,369.70 |
| Change (%) | -64.95% | -44.90% | -26.30% | - | +1.33% | +4.82% | +7.58% |
| Change | -35,841.89 | -24,777.59 | -14,514.79 | - | +735.41 | +2,659.41 | +4,182.31 |
| Level | Major | Major | Intermediate | - | Major | 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 | 56,071.09 | 57,890.15 | 58,977.89 | 60,796.95 | 61,884.69 | 63,703.75 | 64,791.49 |
| Camarilla | 59,266.27 | 59,532.73 | 59,799.18 | 60,065.64 | 60,332.10 | 60,598.55 | 60,865.01 |
| Woodie | 55,705.44 | 57,707.32 | 58,612.24 | 60,614.12 | 61,519.04 | 63,520.92 | 64,425.84 |
| Fibonacci | 57,890.15 | 59,000.54 | 59,686.55 | 60,796.95 | 61,907.34 | 62,593.35 | 63,703.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52,150.53 | 55,663.81 | 57,864.73 | 61,378.01 | 63,578.93 | 67,092.21 | 69,293.13 |
| Camarilla | 58,494.24 | 59,018.04 | 59,541.84 | 60,065.64 | 60,589.44 | 61,113.24 | 61,637.05 |
| Woodie | 51,494.34 | 55,335.72 | 57,208.54 | 61,049.92 | 62,922.74 | 66,764.12 | 68,636.94 |
| Fibonacci | 55,663.81 | 57,846.64 | 59,195.19 | 61,378.01 | 63,560.84 | 64,909.39 | 67,092.21 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 33.02 | |
| MACD (12,26,9): | -1,759.4600 | |
| Directional Movement: | -38.39 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 54,846.61 | |
| Parabolic SAR (0,02-0,02-0,2): | 56,256.98 | |
| Elder Ray (13): | -1,892.52 | |
| Super Trend (3,10): | 58,136.25 | |
| Zig ZAG (10): | 54,843.32 | |
| VORTEX (21): | 0.7400 | |
| Stochastique (14,3,5): | 24.57 | |
| TEMA (21): | 53,951.65 | |
| Williams %R (14): | -67.25 | |
| Chande Momentum Oscillator (20): | -4,444.30 | |
| Repulse (5,40,3): | 0.7500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 17.45 |
| MA7: | 60,872.20 | |
| MA20: | 59,282.79 | |
| MA50: | 56,279.30 | |
| MA100: | 48,655.86 | |
| MAexp7: | 55,080.33 | |
| MAexp20: | 57,035.29 | |
| MAexp50: | 59,202.02 | |
| MAexp100: | 60,345.71 | |
| Price / MA7: | -9.34% | |
| Price / MA20: | -6.91% | |
| Price / MA50: | -1.94% | |
| Price / MA100: | +13.42% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | -3.24% | |
| Price / MAexp50: | -6.78% | |
| Price / MAexp100: | -8.55% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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