BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 01/17/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 43,460.40 USD
My targets
41,803.80 USD (-2.42%)
41,281.30 USD (-3.64%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 43,460.40 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 41,803.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 41,281.30 USD as an objective. Crossing it would then enable sellers to target 40,652.10 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3

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 stein82. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 42,838.55 USD. The price registered a decrease of -0.62% on the session and was between 42,374.00 USD and 43,199.42 USD. This implies that the price is at +1.10% from its lowest and at -0.84% from its highest.

42,374.00
43,199.42
42,838.55

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:

Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour


Near horizontal support

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 41,281.30 41,803.80 42,792.00 42,838.55 43,460.40 44,431.00 46,242.70
Change (%) -3.64% -2.42% -0.11% - +1.45% +3.72% +7.95%
Change -1,557.25 -1,034.75 -46.55 - +621.85 +1,592.45 +3,404.15
Level Minor Minor Intermediate - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41,803.1242,212.8642,658.2643,068.0043,513.4043,923.1444,368.54
Camarilla42,868.4942,946.8743,025.2643,103.6543,182.0443,260.4343,338.81
Woodie41,820.9442,221.7842,676.0843,076.9243,531.2243,932.0644,386.36
Fibonacci42,212.8642,539.5342,741.3443,068.0043,394.6743,596.4843,923.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35,599.8337,631.2640,368.1342,399.5645,136.4347,167.8649,904.73
Camarilla41,793.7142,230.8042,667.9043,104.9943,542.0843,979.1844,416.27
Woodie35,952.5437,807.6240,720.8442,575.9245,489.1447,344.2250,257.44
Fibonacci37,631.2639,452.7540,578.0742,399.5644,221.0545,346.3747,167.86


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18,919.0329,534.5737,862.2348,477.7756,805.4367,420.9775,748.63
Camarilla40,980.5242,716.9844,453.4446,189.9047,926.3649,662.8251,399.28
Woodie17,775.1028,962.6036,718.3047,905.8055,661.5066,849.0074,604.70
Fibonacci29,534.5736,770.8741,241.4648,477.7755,714.0760,184.6667,420.97

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): 39.07
MACD (12,26,9): -119.7100
Directional Movement: -13.35
AROON (14): -50.00
DEMA (21): 42,757.03
Parabolic SAR (0,02-0,02-0,2): 43,094.57
Elder Ray (13): -147.74
Super Trend (3,10): 43,227.76
Zig ZAG (10): 42,774.40
VORTEX (21): 0.9200
Stochastique (14,3,5): 41.84
TEMA (21): 42,703.85
Williams %R (14): -51.63
Chande Momentum Oscillator (20): -167.78
Repulse (5,40,3): 0.1000
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 1.63
MA7: 43,053.99
MA20: 44,090.49
MA50: 47,712.86
MA100: 54,244.76
MAexp7: 42,787.87
MAexp20: 42,891.31
MAexp50: 42,995.82
MAexp100: 42,971.38
Price / MA7: -0.50%
Price / MA20: -2.84%
Price / MA50: -10.22%
Price / MA100: -21.03%
Price / MAexp7: +0.14%
Price / MAexp20: -0.10%
Price / MAexp50: -0.35%
Price / MAexp100: -0.29%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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