BITCOIN - BTC/USD - 1H - Technical analysis published on 06/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
56%
33%
My opinion
Bearish under 21,416.20 USD
My targets
20,797.70 USD (-1.90%)
20,178.50 USD (-4.82%)
My analysis
The strong short-term decline in BITCOIN - BTC/USD calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 21,416.20 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 20,797.70 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20,178.50 USD as an objective. Crossing it would then enable sellers to target 19,762.00 USD. Be careful, a return to above 21,416.20 USD could jeopardize the reversal.
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
1.8
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 21,200.17 USD. The price is lower by -1.27% since the last closing and was between 21,124.16 USD and 21,856.21 USD. This implies that the price is at +0.36% from its lowest and at -3.00% from its highest.21,124.16
21,856.21
21,200.17
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows an overall slightly bullish trend. 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 19,762.00 | 20,178.50 | 20,797.70 | 21,200.17 | 21,416.20 | 29,794.70 | 35,079.50 |
| Change (%) | -6.78% | -4.82% | -1.90% | - | +1.02% | +40.54% | +65.47% |
| Change | -1,438.17 | -1,021.67 | -402.47 | - | +216.03 | +8,594.53 | +13,879.33 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,377.43 | 20,637.01 | 21,055.23 | 21,314.81 | 21,733.03 | 21,992.61 | 22,410.83 |
| Camarilla | 21,287.05 | 21,349.18 | 21,411.31 | 21,473.44 | 21,535.57 | 21,597.70 | 21,659.84 |
| Woodie | 20,456.74 | 20,676.67 | 21,134.54 | 21,354.47 | 21,812.34 | 22,032.27 | 22,490.14 |
| Fibonacci | 20,637.01 | 20,895.93 | 21,055.89 | 21,314.81 | 21,573.73 | 21,733.69 | 21,992.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,276.43 | 16,601.61 | 19,037.53 | 20,362.71 | 22,798.63 | 24,123.81 | 26,559.73 |
| Camarilla | 20,439.14 | 20,783.91 | 21,128.67 | 21,473.44 | 21,818.21 | 22,162.98 | 22,507.74 |
| Woodie | 15,831.79 | 16,879.30 | 19,592.89 | 20,640.40 | 23,353.99 | 24,401.50 | 27,115.09 |
| Fibonacci | 16,601.61 | 18,038.35 | 18,925.97 | 20,362.71 | 21,799.45 | 22,687.07 | 24,123.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,953.93 | 21,405.67 | 26,593.03 | 31,044.77 | 36,232.13 | 40,683.87 | 45,871.23 |
| Camarilla | 29,129.65 | 30,013.23 | 30,896.82 | 31,780.40 | 32,663.98 | 33,547.57 | 34,431.15 |
| Woodie | 17,321.75 | 21,589.58 | 26,960.85 | 31,228.68 | 36,599.95 | 40,867.78 | 46,239.05 |
| Fibonacci | 21,405.67 | 25,087.80 | 27,362.63 | 31,044.77 | 34,726.90 | 37,001.73 | 40,683.87 |
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): | 45.33 | |
| MACD (12,26,9): | 9.9800 | |
| Directional Movement: | -2.12 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 21,384.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 21,802.26 | |
| Elder Ray (13): | -126.05 | |
| Super Trend (3,10): | 21,099.84 | |
| Zig ZAG (10): | 21,204.98 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 16.28 | |
| TEMA (21): | 21,332.07 | |
| Williams %R (14): | -89.93 | |
| Chande Momentum Oscillator (20): | -267.20 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.62 |
| MA7: | 20,885.82 | |
| MA20: | 23,455.37 | |
| MA50: | 27,396.26 | |
| MA100: | 34,513.67 | |
| MAexp7: | 21,322.96 | |
| MAexp20: | 21,362.66 | |
| MAexp50: | 21,262.05 | |
| MAexp100: | 21,064.93 | |
| Price / MA7: | +1.51% | |
| Price / MA20: | -9.61% | |
| Price / MA50: | -22.62% | |
| Price / MA100: | -38.57% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | +0.64% |
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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