BITCOIN - BTC/USD - 1H - Technical analysis published on 05/13/2021 (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
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
39%
11%
My opinion
Bearish under 53,277.80 USD
My targets
48,360.57 USD (-5.58%)
48,264.70 USD (-5.77%)
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 53,277.80 USD. The next support located at 48,360.57 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 48,264.70 USD. Below this support, sellers could then target 40,672.60 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 51,219.30 USD. The price has increased by +3.49% since the last closing and was traded between 46,444.60 USD and 51,412.40 USD over the period. The price is currently at +10.28% from its lowest and -0.38% from its highest.46,444.60
51,412.40
51,219.30
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 2 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 | 51,219.30 | 53,277.80 | 56,282.40 | 58,005.10 |
| Change (%) | -62.23% | -40.63% | -20.59% | - | +4.02% | +9.89% | +13.25% |
| Change | -31,873.80 | -20,809.50 | -10,546.70 | - | +2,058.50 | +5,063.10 | +6,785.80 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36,878.19 | 42,813.35 | 46,152.37 | 52,087.53 | 55,426.55 | 61,361.71 | 64,700.73 |
| Camarilla | 46,941.00 | 47,791.13 | 48,641.27 | 49,491.40 | 50,341.53 | 51,191.67 | 52,041.80 |
| Woodie | 35,580.13 | 42,164.32 | 44,854.31 | 51,438.50 | 54,128.49 | 60,712.68 | 63,402.67 |
| Fibonacci | 42,813.35 | 46,356.08 | 48,544.79 | 52,087.53 | 55,630.26 | 57,818.97 | 61,361.71 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48,360.57 | 50,719.84 | 54,839.45 | 57,198.72 | 61,318.33 | 63,677.60 | 67,797.21 |
| Camarilla | 57,177.38 | 57,771.28 | 58,365.17 | 58,959.07 | 59,552.97 | 60,146.87 | 60,740.76 |
| Woodie | 49,240.75 | 51,159.93 | 55,719.63 | 57,638.81 | 62,198.51 | 64,117.69 | 68,677.39 |
| Fibonacci | 50,719.84 | 53,194.77 | 54,723.79 | 57,198.72 | 59,673.65 | 61,202.67 | 63,677.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 30,416.90 | 38,730.20 | 48,264.70 | 56,578.00 | 66,112.50 | 74,425.80 | 83,960.30 |
| Camarilla | 52,891.06 | 54,527.10 | 56,163.15 | 57,799.20 | 59,435.25 | 61,071.30 | 62,707.35 |
| Woodie | 31,027.50 | 39,035.50 | 48,875.30 | 56,883.30 | 66,723.10 | 74,731.10 | 84,570.90 |
| Fibonacci | 38,730.20 | 45,548.06 | 49,760.14 | 56,578.00 | 63,395.86 | 67,607.94 | 74,425.80 |
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): | 35.52 | |
| MACD (12,26,9): | -1,509.2800 | |
| Directional Movement: | -35.96 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 50,559.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 46,718.63 | |
| Elder Ray (13): | -242.67 | |
| Super Trend (3,10): | 52,984.91 | |
| Zig ZAG (10): | 51,298.60 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 54.89 | |
| TEMA (21): | 49,895.46 | |
| Williams %R (14): | -41.96 | |
| Chande Momentum Oscillator (20): | -3,181.50 | |
| Repulse (5,40,3): | 1.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 15.92 |
| MA7: | 55,443.75 | |
| MA20: | 55,076.95 | |
| MA50: | 56,664.11 | |
| MA100: | 53,686.18 | |
| MAexp7: | 51,083.45 | |
| MAexp20: | 52,472.55 | |
| MAexp50: | 54,380.04 | |
| MAexp100: | 55,559.43 | |
| Price / MA7: | -7.62% | |
| Price / MA20: | -7.00% | |
| Price / MA50: | -9.61% | |
| Price / MA100: | -4.60% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | -2.39% | |
| Price / MAexp50: | -5.81% | |
| Price / MAexp100: | -7.81% |
Quotes :
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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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