BITCOIN - BTC/USD - 1H - Technical analysis published on 06/22/2021 (GMT)
- 207
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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
17%
50%
33%
My opinion
Bearish under 31,732.90 USD
My targets
30,409.80 USD (-3.19%)
26,609.79 USD (-15.29%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 31,732.90 USD. The sellers' bearish objective is set at 30,409.80 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26,609.79 USD. In case of crossing, the next objective would be the support located at 23,871.50 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.1
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 cryptout. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 31,413.42 USD. The price registered a decrease of -0.81% on the session with the lowest point at 31,146.69 USD and the highest point at 33,243.29 USD. The deviation from the price is +0.86% for the low point and -5.50% for the high point.31,146.69
33,243.29
31,413.42
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
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. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 19,345.50 | 23,871.50 | 30,409.80 | 31,413.42 | 31,732.90 | 36,114.10 | 39,552.40 |
Change (%) | -38.42% | -24.01% | -3.19% | - | +1.02% | +14.96% | +25.91% |
Change | -12,067.92 | -7,541.92 | -1,003.62 | - | +319.48 | +4,700.68 | +8,138.98 |
Level | Major | Minor | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 25,555.65 | 28,411.11 | 30,041.14 | 32,896.60 | 34,526.63 | 37,382.09 | 39,012.12 |
Camarilla | 30,437.67 | 30,848.84 | 31,260.01 | 31,671.18 | 32,082.35 | 32,493.52 | 32,904.69 |
Woodie | 24,942.95 | 28,104.75 | 29,428.44 | 32,590.24 | 33,913.93 | 37,075.73 | 38,399.42 |
Fibonacci | 28,411.11 | 30,124.56 | 31,183.14 | 32,896.60 | 34,610.05 | 35,668.63 | 37,382.09 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 26,609.79 | 30,710.04 | 33,113.79 | 37,214.04 | 39,617.79 | 43,718.04 | 46,121.79 |
Camarilla | 33,728.93 | 34,325.13 | 34,921.33 | 35,517.53 | 36,113.73 | 36,709.93 | 37,306.13 |
Woodie | 25,761.53 | 30,285.92 | 32,265.53 | 36,789.92 | 38,769.53 | 43,293.92 | 45,273.53 |
Fibonacci | 30,710.04 | 33,194.57 | 34,729.52 | 37,214.04 | 39,698.57 | 41,233.52 | 43,718.04 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | -4,574.17 | 12,716.37 | 25,010.13 | 42,300.67 | 54,594.43 | 71,884.97 | 84,178.73 |
Camarilla | 29,168.22 | 31,880.11 | 34,592.01 | 37,303.90 | 40,015.79 | 42,727.69 | 45,439.58 |
Woodie | -7,072.55 | 11,467.18 | 22,511.75 | 41,051.48 | 52,096.05 | 70,635.78 | 81,680.35 |
Fibonacci | 12,716.37 | 24,017.57 | 30,999.46 | 42,300.67 | 53,601.87 | 60,583.76 | 71,884.97 |
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): | 39.23 | |
MACD (12,26,9): | -377.3900 | |
Directional Movement: | -12.60 | |
AROON (14): | -50.00 | |
DEMA (21): | 31,809.89 | |
Parabolic SAR (0,02-0,02-0,2): | 33,013.31 | |
Elder Ray (13): | -472.96 | |
Super Trend (3,10): | 33,408.92 | |
Zig ZAG (10): | 31,630.51 | |
VORTEX (21): | 0.9300 | |
Stochastique (14,3,5): | 23.62 | |
TEMA (21): | 31,896.95 | |
Williams %R (14): | -79.31 | |
Chande Momentum Oscillator (20): | -91.36 | |
Repulse (5,40,3): | -1.4900 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.1700 | |
Courbe Coppock: | 0.33 |
MA7: | 35,203.29 | |
MA20: | 36,382.95 | |
MA50: | 41,403.77 | |
MA100: | 49,115.17 | |
MAexp7: | 31,933.73 | |
MAexp20: | 32,349.42 | |
MAexp50: | 33,226.42 | |
MAexp100: | 34,422.50 | |
Price / MA7: | -10.77% | |
Price / MA20: | -13.66% | |
Price / MA50: | -24.13% | |
Price / MA100: | -36.04% | |
Price / MAexp7: | -1.63% | |
Price / MAexp20: | -2.89% | |
Price / MAexp50: | -5.46% | |
Price / MAexp100: | -8.74% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H