BITCOIN - BTC/USD - 1H - Technical analysis published on 05/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 49,116.20 USD
My targets
40,672.60 USD (-13.81%)
38,730.20 USD (-17.93%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 49,116.20 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 40,672.60 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 38,730.20 USD as an objective. Crossing it would then enable sellers to target 30,409.80 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 47,190.30 USD. The price is lower by -5.43% since the last closing and was traded between 47,101.00 USD and 50,719.50 USD over the period. The price is currently at +0.19% from its lowest and -6.96% from its highest.47,101.00
50,719.50
47,190.30
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
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
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30,409.80 | 40,672.60 | 47,031.00 | 47,190.30 | 49,116.20 | 50,153.40 | 51,493.80 |
| Change (%) | -35.56% | -13.81% | -0.34% | - | +4.08% | +6.28% | +9.12% |
| Change | -16,780.50 | -6,517.70 | -159.30 | - | +1,925.90 | +2,963.10 | +4,303.50 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46,030.00 | 47,458.00 | 48,678.50 | 50,106.50 | 51,327.00 | 52,755.00 | 53,975.50 |
| Camarilla | 49,170.66 | 49,413.44 | 49,656.22 | 49,899.00 | 50,141.78 | 50,384.56 | 50,627.34 |
| Woodie | 45,926.25 | 47,406.13 | 48,574.75 | 50,054.63 | 51,223.25 | 52,703.13 | 53,871.75 |
| Fibonacci | 47,458.00 | 48,469.73 | 49,094.77 | 50,106.50 | 51,118.23 | 51,743.27 | 52,755.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48,360.57 | 50,719.83 | 54,839.47 | 57,198.73 | 61,318.37 | 63,677.63 | 67,797.27 |
| Camarilla | 57,177.40 | 57,771.30 | 58,365.20 | 58,959.10 | 59,553.00 | 60,146.90 | 60,740.80 |
| Woodie | 49,240.75 | 51,159.93 | 55,719.65 | 57,638.83 | 62,198.55 | 64,117.73 | 68,677.45 |
| Fibonacci | 50,719.83 | 53,194.77 | 54,723.79 | 57,198.73 | 59,673.67 | 61,202.69 | 63,677.63 |
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): | 39.33 | |
| MACD (12,26,9): | -470.4500 | |
| Directional Movement: | -16.93 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 48,387.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 49,394.84 | |
| Elder Ray (13): | -647.82 | |
| Super Trend (3,10): | 50,065.01 | |
| Zig ZAG (10): | 48,017.70 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 18.67 | |
| TEMA (21): | 48,062.65 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | -574.20 | |
| Repulse (5,40,3): | -0.6100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 4.76 |
| MA7: | 52,527.30 | |
| MA20: | 54,932.62 | |
| MA50: | 56,461.22 | |
| MA100: | 53,902.32 | |
| MAexp7: | 48,216.21 | |
| MAexp20: | 48,981.44 | |
| MAexp50: | 49,822.26 | |
| MAexp100: | 51,293.13 | |
| Price / MA7: | -10.16% | |
| Price / MA20: | -14.09% | |
| Price / MA50: | -16.42% | |
| Price / MA100: | -12.45% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -3.66% | |
| Price / MAexp50: | -5.28% | |
| Price / MAexp100: | -8.00% |
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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