BITCOIN - BTC/USD - 1H - Technical analysis published on 09/18/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 20,392.10 USD
My targets
19,345.50 USD (-2.33%)
17,317.01 USD (-12.58%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. 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 20,392.10 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 17,317.01 USD. In case of crossing, the next objective would be the support located at 12,932.90 USD. In the event of a bullish break in the resistance located at 20,392.10 USD a certain indecision would take hold.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4
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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 rating is 19,807.89 USD. The price is lower by -1.54% since the last closing with the lowest point at 19,782.03 USD and the highest point at 20,119.86 USD. The deviation from the price is +0.13% for the low point and -1.55% for the high point.19,782.03
20,119.86
19,807.89
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being 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 : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
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 price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,835.20 | 12,932.90 | 19,345.50 | 19,807.89 | 19,900.90 | 20,392.10 | 21,500.20 |
| Change (%) | -75.59% | -34.71% | -2.33% | - | +0.47% | +2.95% | +8.54% |
| Change | -14,972.69 | -6,874.99 | -462.39 | - | +93.01 | +584.21 | +1,692.31 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19,424.70 | 19,591.22 | 19,854.75 | 20,021.27 | 20,284.80 | 20,451.32 | 20,714.85 |
| Camarilla | 20,000.01 | 20,039.43 | 20,078.85 | 20,118.27 | 20,157.69 | 20,197.11 | 20,236.53 |
| Woodie | 19,473.20 | 19,615.47 | 19,903.25 | 20,045.52 | 20,333.30 | 20,475.57 | 20,763.35 |
| Fibonacci | 19,591.22 | 19,755.50 | 19,856.99 | 20,021.27 | 20,185.55 | 20,287.04 | 20,451.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,290.68 | 17,317.01 | 18,717.64 | 20,743.97 | 22,144.60 | 24,170.93 | 25,571.56 |
| Camarilla | 19,175.86 | 19,489.99 | 19,804.13 | 20,118.27 | 20,432.41 | 20,746.55 | 21,060.68 |
| Woodie | 14,977.83 | 17,160.59 | 18,404.79 | 20,587.55 | 21,831.75 | 24,014.51 | 25,258.71 |
| Fibonacci | 17,317.01 | 18,626.11 | 19,434.87 | 20,743.97 | 22,053.07 | 22,861.83 | 24,170.93 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.92 | |
| MACD (12,26,9): | 37.1000 | |
| Directional Movement: | 0.62 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 20,077.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 20,127.49 | |
| Elder Ray (13): | 13.20 | |
| Super Trend (3,10): | 19,840.66 | |
| Zig ZAG (10): | 20,049.62 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 53.21 | |
| TEMA (21): | 20,075.53 | |
| Williams %R (14): | -47.07 | |
| Chande Momentum Oscillator (20): | -76.69 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.10 |
| MA7: | 20,354.82 | |
| MA20: | 20,216.26 | |
| MA50: | 21,616.60 | |
| MA100: | 21,542.16 | |
| MAexp7: | 20,049.38 | |
| MAexp20: | 20,022.37 | |
| MAexp50: | 19,981.28 | |
| MAexp100: | 20,105.62 | |
| Price / MA7: | -2.69% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | -8.37% | |
| Price / MA100: | -8.05% | |
| Price / MAexp7: | -1.20% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -0.87% | |
| Price / MAexp100: | -1.48% |
Quotes :
-
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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