BITCOIN - BTC/USD - 1H - Technical analysis published on 10/21/2021 (GMT)
- Who voted?
- 189
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 66,974.40 USD
My targets
61,390.00 USD (-3.79%)
58,992.90 USD (-7.55%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USD as long as the price remains well below 66,974.40 USD. The next bearish objective for sellers is set at 61,390.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 58,992.90 USD. In case of crossing, the next objective would be the support located at 56,877.40 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 61,390.00 USD. With this support, against the trend traders who want to buy BITCOIN - BTC/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 63,810.15 USD. The price registered a decrease of -3.36% on the session with the lowest point at 63,269.66 USD and the highest point at 66,638.75 USD. The deviation from the price is +0.85% for the low point and -4.24% for the high point.63,269.66
66,638.75
63,810.15
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 58,992.90 | 61,390.00 | 63,577.00 | 63,810.15 | 66,974.40 |
| Change (%) | -7.55% | -3.79% | -0.37% | - | +4.96% |
| Change | -4,817.25 | -2,420.15 | -233.15 | - | +3,164.25 |
| Level | Minor | Intermediate | Major | - | Intermediate |
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 | 60,639.67 | 62,096.15 | 64,061.39 | 65,517.87 | 67,483.11 | 68,939.59 | 70,904.83 |
| Camarilla | 65,085.65 | 65,399.31 | 65,712.96 | 66,026.62 | 66,340.28 | 66,653.94 | 66,967.59 |
| Woodie | 60,894.04 | 62,223.34 | 64,315.76 | 65,645.06 | 67,737.48 | 69,066.78 | 71,159.20 |
| Fibonacci | 62,096.15 | 63,403.25 | 64,210.78 | 65,517.87 | 66,824.97 | 67,632.50 | 68,939.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46,804.95 | 50,414.98 | 55,645.35 | 59,255.38 | 64,485.75 | 68,095.78 | 73,326.15 |
| Camarilla | 58,444.62 | 59,254.99 | 60,065.36 | 60,875.73 | 61,686.10 | 62,496.47 | 63,306.84 |
| Woodie | 47,615.13 | 50,820.07 | 56,455.53 | 59,660.47 | 65,295.93 | 68,500.87 | 74,136.33 |
| Fibonacci | 50,414.98 | 53,792.01 | 55,878.34 | 59,255.38 | 62,632.41 | 64,718.74 | 68,095.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,721.17 | 32,175.13 | 38,000.87 | 45,454.83 | 51,280.57 | 58,734.53 | 64,560.27 |
| Camarilla | 40,174.68 | 41,391.99 | 42,609.29 | 43,826.60 | 45,043.91 | 46,261.21 | 47,478.52 |
| Woodie | 23,907.05 | 31,768.08 | 37,186.75 | 45,047.78 | 50,466.45 | 58,327.48 | 63,746.15 |
| Fibonacci | 32,175.13 | 37,247.98 | 40,381.99 | 45,454.83 | 50,527.68 | 53,661.69 | 58,734.53 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.65 | |
| MACD (12,26,9): | -41.4400 | |
| Directional Movement: | -16.64 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 65,167.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 66,638.75 | |
| Elder Ray (13): | -931.99 | |
| Super Trend (3,10): | 66,469.34 | |
| Zig ZAG (10): | 63,303.79 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 24.32 | |
| TEMA (21): | 64,707.53 | |
| Williams %R (14): | -91.79 | |
| Chande Momentum Oscillator (20): | -1,357.56 | |
| Repulse (5,40,3): | -3.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.41 |
| MA7: | 62,898.02 | |
| MA20: | 56,897.73 | |
| MA50: | 50,309.93 | |
| MA100: | 46,091.33 | |
| MAexp7: | 64,834.73 | |
| MAexp20: | 65,109.02 | |
| MAexp50: | 64,587.34 | |
| MAexp100: | 63,470.77 | |
| Price / MA7: | +1.45% | |
| Price / MA20: | +12.15% | |
| Price / MA50: | +26.83% | |
| Price / MA100: | +38.44% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -1.99% | |
| Price / MAexp50: | -1.20% | |
| Price / MAexp100: | +0.53% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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