BITCOIN - BTC/USD - 1H - Technical analysis published on 09/23/2019 (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
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 10,072.40 USD
My targets
9,895.75 USD (-0.06%)
9,816.47 USD (-0.86%)
My analysis
In the short term, we can see an acceleration in the bearish trend on BITCOIN - BTC/USD, which is a positive signal for sellers. As long as the price remains above 10,072.40 USD, a sale could be considered. The first bearish objective is located at 9,895.75 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 9,816.47 USD as an objective. Crossing it would then enable sellers to target 9,595.62 USD. If the price were to return above 10,072.40 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 9,901.74 USD. The price is lower by -1.25% since the last closing and was traded between 9,859.69 USD and 10,049.05 USD over the period. The price is currently at +0.43% from its lowest and -1.47% from its highest.9,859.69
10,049.05
9,901.74
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
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 | 9,595.62 | 9,816.47 | 9,895.75 | 9,901.74 | 10,072.40 | 10,160.10 | 10,265.20 |
| Change (%) | -3.09% | -0.86% | -0.06% | - | +1.72% | +2.61% | +3.67% |
| Change | -306.12 | -85.27 | -5.99 | - | +170.66 | +258.36 | +363.46 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,639.31 | 9,744.39 | 9,885.46 | 9,990.54 | 10,131.61 | 10,236.69 | 10,377.76 |
| Camarilla | 9,958.85 | 9,981.41 | 10,003.98 | 10,026.54 | 10,049.10 | 10,071.67 | 10,094.23 |
| Woodie | 9,657.31 | 9,753.39 | 9,903.47 | 9,999.54 | 10,149.62 | 10,245.69 | 10,395.77 |
| Fibonacci | 9,744.39 | 9,838.42 | 9,896.51 | 9,990.54 | 10,084.57 | 10,142.66 | 10,236.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,802.09 | 9,198.86 | 9,586.47 | 9,983.24 | 10,370.85 | 10,767.62 | 11,155.23 |
| Camarilla | 9,758.39 | 9,830.29 | 9,902.19 | 9,974.09 | 10,045.99 | 10,117.89 | 10,189.80 |
| Woodie | 8,797.52 | 9,196.57 | 9,581.90 | 9,980.95 | 10,366.28 | 10,765.33 | 11,150.66 |
| Fibonacci | 9,198.86 | 9,498.49 | 9,683.60 | 9,983.24 | 10,282.87 | 10,467.98 | 10,767.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,498.54 | 7,410.43 | 8,506.43 | 10,418.32 | 11,514.32 | 13,426.21 | 14,522.21 |
| Camarilla | 8,775.27 | 9,050.99 | 9,326.72 | 9,602.44 | 9,878.16 | 10,153.89 | 10,429.61 |
| Woodie | 5,090.61 | 7,206.46 | 8,098.50 | 10,214.35 | 11,106.39 | 13,222.24 | 14,114.28 |
| Fibonacci | 7,410.43 | 8,559.44 | 9,269.30 | 10,418.32 | 11,567.33 | 12,277.19 | 13,426.21 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.48 | |
| MACD (12,26,9): | -10.1300 | |
| Directional Movement: | -11.63 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 9,967.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,073.72 | |
| Elder Ray (13): | -70.92 | |
| Super Trend (3,10): | 9,890.77 | |
| Zig ZAG (10): | 9,906.97 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 20.82 | |
| TEMA (21): | 9,963.75 | |
| Williams %R (14): | -79.80 | |
| Chande Momentum Oscillator (20): | -80.52 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.59 |
| MA7: | 10,100.01 | |
| MA20: | 10,269.16 | |
| MA50: | 10,460.84 | |
| MA100: | 10,558.09 | |
| MAexp7: | 9,959.63 | |
| MAexp20: | 9,984.33 | |
| MAexp50: | 10,004.38 | |
| MAexp100: | 10,045.19 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | -3.58% | |
| Price / MA50: | -5.34% | |
| Price / MA100: | -6.22% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.83% | |
| Price / MAexp50: | -1.03% | |
| Price / MAexp100: | -1.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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