BITCOIN - BTC/USD - 1H - Technical analysis published on 05/26/2023 (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:
Bullish
Underlying:
Bearish
Technical indicators
39%
17%
44%
My opinion
Bearish under 26,811.20 USD
My targets
26,166.20 USD (-1.04%)
24,446.00 USD (-7.55%)
My analysis
The basic trend is bearish on BITCOIN - BTC/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 26,811.20 USD. Buyers would then use the next resistance located at 27,352.50 USD as an objective. Crossing it would then enable buyers to target 27,473.60 USD. If there is a return to below the support located at 26,166.20 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 24,446.00 USD and 21,637.80 USD by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0.4
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 26,441.07 USD. The price is lower by -0.14% since the last closing with the lowest point at 26,338.46 USD and the highest point at 26,547.55 USD. The deviation from the price is +0.39% for the low point and -0.40% for the high point.26,338.46
26,547.55
26,441.07
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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
Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 50
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:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26,032.40 | 26,166.20 | 26,379.40 | 26,441.07 | 26,540.20 | 26,811.20 | 27,352.50 |
| Change (%) | -1.55% | -1.04% | -0.23% | - | +0.37% | +1.40% | +3.45% |
| Change | -408.67 | -274.87 | -61.67 | - | +99.13 | +370.13 | +911.43 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
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 | 25,316.94 | 25,596.98 | 26,037.19 | 26,317.23 | 26,757.44 | 27,037.48 | 27,477.69 |
| Camarilla | 26,279.32 | 26,345.34 | 26,411.37 | 26,477.39 | 26,543.41 | 26,609.44 | 26,675.46 |
| Woodie | 25,397.02 | 25,637.02 | 26,117.27 | 26,357.27 | 26,837.52 | 27,077.52 | 27,557.77 |
| Fibonacci | 25,596.98 | 25,872.12 | 26,042.10 | 26,317.23 | 26,592.37 | 26,762.35 | 27,037.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,151.89 | 25,765.64 | 26,439.79 | 27,053.54 | 27,727.69 | 28,341.44 | 29,015.59 |
| Camarilla | 26,759.76 | 26,877.82 | 26,995.87 | 27,113.93 | 27,231.99 | 27,350.05 | 27,468.10 |
| Woodie | 25,182.08 | 25,780.74 | 26,469.98 | 27,068.64 | 27,757.88 | 28,356.54 | 29,045.78 |
| Fibonacci | 25,765.64 | 26,257.62 | 26,561.57 | 27,053.54 | 27,545.52 | 27,849.47 | 28,341.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,091.60 | 25,039.60 | 27,133.50 | 29,081.50 | 31,175.40 | 33,123.40 | 35,217.30 |
| Camarilla | 28,115.88 | 28,486.39 | 28,856.89 | 29,227.40 | 29,597.91 | 29,968.42 | 30,338.92 |
| Woodie | 23,164.55 | 25,076.08 | 27,206.45 | 29,117.98 | 31,248.35 | 33,159.88 | 35,290.25 |
| Fibonacci | 25,039.60 | 26,583.61 | 27,537.49 | 29,081.50 | 30,625.51 | 31,579.39 | 33,123.40 |
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): | 52.09 | |
| MACD (12,26,9): | 19.9200 | |
| Directional Movement: | 1.94 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 26,438.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,233.72 | |
| Elder Ray (13): | 24.32 | |
| Super Trend (3,10): | 26,585.28 | |
| Zig ZAG (10): | 26,448.23 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 57.40 | |
| TEMA (21): | 26,497.46 | |
| Williams %R (14): | -45.38 | |
| Chande Momentum Oscillator (20): | -22.25 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.46 |
| MA7: | 26,743.54 | |
| MA20: | 27,094.60 | |
| MA50: | 28,233.37 | |
| MA100: | 26,701.40 | |
| MAexp7: | 26,451.89 | |
| MAexp20: | 26,418.09 | |
| MAexp50: | 26,468.94 | |
| MAexp100: | 26,609.21 | |
| Price / MA7: | -1.13% | |
| Price / MA20: | -2.41% | |
| Price / MA50: | -6.35% | |
| Price / MA100: | -0.97% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.63% |
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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