BITCOIN - BTC/USD - 1H - Technical analysis published on 05/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 30,468.45 USD
My targets
29,794.70 USD (-0.99%)
29,123.60 USD (-3.22%)
My analysis
All elements being rather 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 30,468.45 USD. The next bearish objective for sellers is set at 29,794.70 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 29,123.60 USD. If there is any crossing, the next objective would be the support located at 25,857.40 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8
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This analysis was given by MiaC. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 30,093.68 USD. On the day, this instrument gained +0.87% with the lowest point at 29,772.28 USD and the highest point at 30,733.80 USD. The deviation from the price is +1.08% for the low point and -2.08% for the high point.29,772.28
30,733.80
30,093.68
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
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25,857.40 | 29,123.60 | 29,794.70 | 30,093.68 | 32,628.20 | 33,755.60 | 35,079.50 |
| Change (%) | -14.08% | -3.22% | -0.99% | - | +8.42% | +12.17% | +16.57% |
| Change | -4,236.28 | -970.08 | -298.98 | - | +2,534.52 | +3,661.92 | +4,985.82 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,612.13 | 27,841.30 | 28,837.95 | 30,067.12 | 31,063.77 | 32,292.94 | 33,289.59 |
| Camarilla | 29,222.49 | 29,426.52 | 29,630.56 | 29,834.59 | 30,038.62 | 30,242.66 | 30,446.69 |
| Woodie | 26,495.86 | 27,783.17 | 28,721.68 | 30,008.99 | 30,947.50 | 32,234.81 | 33,173.32 |
| Fibonacci | 27,841.30 | 28,691.57 | 29,216.86 | 30,067.12 | 30,917.39 | 31,442.68 | 32,292.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,801.30 | 20,829.35 | 25,440.40 | 30,468.45 | 35,079.50 | 40,107.55 | 44,718.60 |
| Camarilla | 27,400.70 | 28,284.28 | 29,167.87 | 30,051.45 | 30,935.03 | 31,818.62 | 32,702.20 |
| Woodie | 15,592.80 | 20,725.10 | 25,231.90 | 30,364.20 | 34,871.00 | 40,003.30 | 44,510.10 |
| Fibonacci | 20,829.35 | 24,511.49 | 26,786.31 | 30,468.45 | 34,150.59 | 36,425.41 | 40,107.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,551.87 | 31,080.83 | 34,369.97 | 40,898.93 | 44,188.07 | 50,717.03 | 54,006.17 |
| Camarilla | 34,959.12 | 35,859.12 | 36,759.11 | 37,659.10 | 38,559.09 | 39,459.09 | 40,359.08 |
| Woodie | 22,931.95 | 30,270.88 | 32,750.05 | 40,088.98 | 42,568.15 | 49,907.08 | 52,386.25 |
| Fibonacci | 31,080.83 | 34,831.35 | 37,148.42 | 40,898.93 | 44,649.45 | 46,966.52 | 50,717.03 |
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): | 45.83 | |
| MACD (12,26,9): | 71.7600 | |
| Directional Movement: | -2.41 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 30,337.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 30,717.38 | |
| Elder Ray (13): | -252.08 | |
| Super Trend (3,10): | 30,622.32 | |
| Zig ZAG (10): | 30,089.23 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 46.24 | |
| TEMA (21): | 30,409.19 | |
| Williams %R (14): | -66.31 | |
| Chande Momentum Oscillator (20): | -174.01 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.18 |
| MA7: | 29,780.68 | |
| MA20: | 34,097.47 | |
| MA50: | 38,969.03 | |
| MA100: | 40,120.82 | |
| MAexp7: | 30,286.41 | |
| MAexp20: | 30,230.57 | |
| MAexp50: | 30,119.87 | |
| MAexp100: | 30,137.09 | |
| Price / MA7: | +1.05% | |
| Price / MA20: | -11.74% | |
| Price / MA50: | -22.78% | |
| Price / MA100: | -24.99% | |
| Price / MAexp7: | -0.64% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | -0.14% |
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.
About author
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