BITCOIN - BTC/USD - 1H - Technical analysis published on 05/17/2021 (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:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 47,031.00 USD
My targets
42,238.07 USD (-2.72%)
40,672.60 USD (-6.33%)
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 47,031.00 USD. The next support located at 42,238.07 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 40,672.60 USD. Below this support, sellers could then target 30,409.80 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 43,420.40 USD. The price registered a decrease of -6.54% on the session with the lowest point at 42,113.30 USD and the highest point at 46,648.50 USD. The deviation from the price is +3.10% for the low point and -6.92% for the high point.42,113.30
46,648.50
43,420.40
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel 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 | 19,345.50 | 30,409.80 | 40,672.60 | 43,420.40 | 47,031.00 | 49,116.20 | 50,153.40 |
| Change (%) | -55.45% | -29.96% | -6.33% | - | +8.32% | +13.12% | +15.51% |
| Change | -24,074.90 | -13,010.60 | -2,747.80 | - | +3,610.60 | +5,695.80 | +6,733.00 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | 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 | 37,669.00 | 40,753.70 | 43,604.90 | 46,689.60 | 49,540.80 | 52,625.50 | 55,476.70 |
| Camarilla | 44,823.73 | 45,367.85 | 45,911.98 | 46,456.10 | 47,000.22 | 47,544.35 | 48,088.47 |
| Woodie | 37,552.25 | 40,695.33 | 43,488.15 | 46,631.23 | 49,424.05 | 52,567.13 | 55,359.95 |
| Fibonacci | 40,753.70 | 43,021.21 | 44,422.09 | 46,689.60 | 48,957.11 | 50,357.99 | 52,625.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,091.47 | 37,768.03 | 42,238.07 | 50,914.63 | 55,384.67 | 64,061.23 | 68,531.27 |
| Camarilla | 43,092.79 | 44,297.89 | 45,503.00 | 46,708.10 | 47,913.21 | 49,118.31 | 50,323.42 |
| Woodie | 26,988.20 | 36,716.40 | 40,134.80 | 49,863.00 | 53,281.40 | 63,009.60 | 66,428.00 |
| Fibonacci | 37,768.03 | 42,790.04 | 45,892.63 | 50,914.63 | 55,936.64 | 59,039.23 | 64,061.23 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.78 | |
| MACD (12,26,9): | -752.1500 | |
| Directional Movement: | -15.11 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 43,168.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 45,379.14 | |
| Elder Ray (13): | -860.28 | |
| Super Trend (3,10): | 46,038.53 | |
| Zig ZAG (10): | 42,973.80 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 29.33 | |
| TEMA (21): | 43,214.51 | |
| Williams %R (14): | -70.66 | |
| Chande Momentum Oscillator (20): | -2,520.70 | |
| Repulse (5,40,3): | -1.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 5.87 |
| MA7: | 48,965.56 | |
| MA20: | 53,870.66 | |
| MA50: | 55,987.42 | |
| MA100: | 54,004.68 | |
| MAexp7: | 43,684.16 | |
| MAexp20: | 44,141.67 | |
| MAexp50: | 45,604.89 | |
| MAexp100: | 47,511.63 | |
| Price / MA7: | -11.32% | |
| Price / MA20: | -19.40% | |
| Price / MA50: | -22.45% | |
| Price / MA100: | -19.60% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -1.63% | |
| Price / MAexp50: | -4.79% | |
| Price / MAexp100: | -8.61% |
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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