BITCOIN - BTC/USD - 1H - Technical analysis published on 09/16/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 20,332.90 USD
My targets
19,345.50 USD (-2.02%)
19,031.20 USD (-3.61%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 20,332.90 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 20,332.90 USD. The next bearish objective for sellers is set at 19,345.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19,031.20 USD. In case of crossing, the next objective would be the support located at 12,932.90 USD. PS: if there is a bullish break in the resistance located at 20,332.90 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.7
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 19,743.35 USD. The price has increased by +0.21% since the last closing and was traded between 19,343.34 USD and 19,887.36 USD over the period. The price is currently at +2.07% from its lowest and -0.72% from its highest.19,343.34
19,887.36
19,743.35
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,932.90 | 19,031.20 | 19,345.50 | 19,743.35 | 20,332.90 | 21,500.20 | 22,076.50 |
| Change (%) | -34.49% | -3.61% | -2.02% | - | +2.99% | +8.90% | +11.82% |
| Change | -6,810.45 | -712.15 | -397.85 | - | +589.55 | +1,756.85 | +2,333.15 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,611.31 | 19,081.83 | 19,391.81 | 19,862.33 | 20,172.31 | 20,642.83 | 20,952.81 |
| Camarilla | 19,487.14 | 19,558.69 | 19,630.23 | 19,701.78 | 19,773.33 | 19,844.87 | 19,916.42 |
| Woodie | 18,531.03 | 19,041.70 | 19,311.53 | 19,822.20 | 20,092.03 | 20,602.70 | 20,872.53 |
| Fibonacci | 19,081.83 | 19,379.98 | 19,564.18 | 19,862.33 | 20,160.48 | 20,344.68 | 20,642.83 |
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): | 46.98 | |
| MACD (12,26,9): | -82.1400 | |
| Directional Movement: | -14.80 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 19,566.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,761.62 | |
| Elder Ray (13): | 6.63 | |
| Super Trend (3,10): | 19,937.30 | |
| Zig ZAG (10): | 19,690.91 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 53.23 | |
| TEMA (21): | 19,595.35 | |
| Williams %R (14): | -31.35 | |
| Chande Momentum Oscillator (20): | 26.92 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.51 |
| MA7: | 20,821.03 | |
| MA20: | 20,193.38 | |
| MA50: | 21,758.77 | |
| MA100: | 21,730.50 | |
| MAexp7: | 19,630.78 | |
| MAexp20: | 19,681.29 | |
| MAexp50: | 19,901.08 | |
| MAexp100: | 20,225.14 | |
| Price / MA7: | -5.18% | |
| Price / MA20: | -2.23% | |
| Price / MA50: | -9.26% | |
| Price / MA100: | -9.14% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | -0.79% | |
| Price / MAexp100: | -2.38% |
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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