BITCOIN - BTC/USD - 1H - Technical analysis published on 09/21/2022 (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:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 19,345.50 USD
My targets
18,296.80 USD (-3.07%)
17,317.01 USD (-8.26%)
My analysis
All elements being clearly 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 19,345.50 USD. The sellers' bearish objective is set at 18,296.80 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. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7
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This analysis was given by rabre004. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 18,876.24 USD. The price is lower by -0.02% since the last closing and was traded between 18,840.38 USD and 18,956.36 USD over the period. The price is currently at +0.19% from its lowest and -0.42% from its highest.18,840.38
18,956.36
18,876.24
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
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 sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
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 | 18,296.80 | 18,876.24 | 18,890.70 | 19,345.50 | 20,179.10 |
| Change (%) | -74.38% | -31.49% | -3.07% | - | +0.08% | +2.49% | +6.90% |
| Change | -14,041.04 | -5,943.34 | -579.44 | - | +14.46 | +469.26 | +1,302.86 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 17,637.24 | 18,185.76 | 18,532.39 | 19,080.91 | 19,427.54 | 19,976.06 | 20,322.69 |
| Camarilla | 18,632.85 | 18,714.91 | 18,796.97 | 18,879.02 | 18,961.08 | 19,043.13 | 19,125.19 |
| Woodie | 17,536.30 | 18,135.29 | 18,431.45 | 19,030.44 | 19,326.60 | 19,925.59 | 20,221.75 |
| Fibonacci | 18,185.76 | 18,527.71 | 18,738.96 | 19,080.91 | 19,422.86 | 19,634.11 | 19,976.06 |
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): | 40.85 | |
| MACD (12,26,9): | -103.6100 | |
| Directional Movement: | -11.31 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 18,940.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,244.62 | |
| Elder Ray (13): | -121.69 | |
| Super Trend (3,10): | 19,439.11 | |
| Zig ZAG (10): | 18,907.43 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 31.14 | |
| TEMA (21): | 18,886.31 | |
| Williams %R (14): | -67.93 | |
| Chande Momentum Oscillator (20): | -192.39 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 3.31 |
| MA7: | 19,484.39 | |
| MA20: | 20,049.40 | |
| MA50: | 21,358.25 | |
| MA100: | 21,334.40 | |
| MAexp7: | 18,952.72 | |
| MAexp20: | 19,055.54 | |
| MAexp50: | 19,208.90 | |
| MAexp100: | 19,458.95 | |
| Price / MA7: | -3.12% | |
| Price / MA20: | -5.85% | |
| Price / MA50: | -11.62% | |
| Price / MA100: | -11.52% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -1.73% | |
| Price / MAexp100: | -2.99% |
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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