BITCOIN - BTC/USD - 1H - Technical analysis published on 09/15/2022 (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:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 20,392.30 USD
My targets
19,929.60 USD (-0.67%)
19,345.50 USD (-3.58%)
My analysis
The bearish basic trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 20,392.30 USD. Crossing the first support at 19,929.60 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 19,345.50 USD as an objective. Crossing it would then enable sellers to target 18,563.60 USD. Caution, a return to above the resistance located at 20,392.30 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 20,063.91 USD. The price registered a decrease of -0.83% on the session with the lowest point at 19,941.55 USD and the highest point at 20,332.86 USD. The deviation from the price is +0.61% for the low point and -1.32% for the high point.19,941.55
20,332.86
20,063.91
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
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 over 0
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,563.60 | 19,345.50 | 19,929.60 | 20,063.91 | 20,392.30 | 21,500.20 | 21,815.80 |
| Change (%) | -7.48% | -3.58% | -0.67% | - | +1.64% | +7.16% | +8.73% |
| Change | -1,500.31 | -718.41 | -134.31 | - | +328.39 | +1,436.29 | +1,751.89 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Minor |
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 | 18,845.57 | 19,237.96 | 19,735.04 | 20,127.43 | 20,624.51 | 21,016.90 | 21,513.98 |
| Camarilla | 19,987.53 | 20,069.06 | 20,150.60 | 20,232.13 | 20,313.67 | 20,395.20 | 20,476.73 |
| Woodie | 18,897.93 | 19,264.13 | 19,787.40 | 20,153.60 | 20,676.87 | 21,043.07 | 21,566.34 |
| Fibonacci | 19,237.96 | 19,577.73 | 19,787.65 | 20,127.43 | 20,467.20 | 20,677.12 | 21,016.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,308.43 | 17,436.02 | 19,545.42 | 20,673.01 | 22,782.41 | 23,910.00 | 26,019.40 |
| Camarilla | 20,764.66 | 21,061.38 | 21,358.11 | 21,654.83 | 21,951.55 | 22,248.28 | 22,545.00 |
| Woodie | 16,799.35 | 17,681.47 | 20,036.34 | 20,918.46 | 23,273.33 | 24,155.45 | 26,510.32 |
| Fibonacci | 17,436.02 | 18,672.55 | 19,436.48 | 20,673.01 | 21,909.54 | 22,673.47 | 23,910.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,312.67 | 15,920.53 | 17,986.47 | 21,594.33 | 23,660.27 | 27,268.13 | 29,334.07 |
| Camarilla | 18,492.11 | 19,012.20 | 19,532.30 | 20,052.40 | 20,572.50 | 21,092.60 | 21,612.70 |
| Woodie | 11,541.70 | 15,535.05 | 17,215.50 | 21,208.85 | 22,889.30 | 26,882.65 | 28,563.10 |
| Fibonacci | 15,920.53 | 18,087.93 | 19,426.94 | 21,594.33 | 23,761.73 | 25,100.74 | 27,268.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.93 | |
| MACD (12,26,9): | -56.5100 | |
| Directional Movement: | -9.39 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 20,060.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,722.98 | |
| Elder Ray (13): | 1.00 | |
| Super Trend (3,10): | 20,480.00 | |
| Zig ZAG (10): | 20,143.67 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 46.55 | |
| TEMA (21): | 20,160.61 | |
| Williams %R (14): | -55.85 | |
| Chande Momentum Oscillator (20): | 9.90 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.11 |
| MA7: | 21,117.53 | |
| MA20: | 20,233.95 | |
| MA50: | 21,851.72 | |
| MA100: | 21,840.27 | |
| MAexp7: | 20,137.67 | |
| MAexp20: | 20,159.27 | |
| MAexp50: | 20,423.07 | |
| MAexp100: | 20,711.79 | |
| Price / MA7: | -4.99% | |
| Price / MA20: | -0.84% | |
| Price / MA50: | -8.18% | |
| Price / MA100: | -8.13% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -3.13% |
Quotes :
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Real time data
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Cryptocompare
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