BITCOIN - BTC/USD - 1H - Technical analysis published on 11/10/2019 (GMT)
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- Timeframe : 1H
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- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
56%
0%
44%
My opinion
Neutral between 8,675.10 USD and 9,070.66 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 9,070.66 USD. The first support is located at 8,675.10 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN - BTC/USD.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by telwaygas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 8,834.07 USD. The price registered an increase of +0.25% on the session with the lowest point at 8,753.00 USD and the highest point at 8,897.20 USD. The deviation from the price is +0.93% for the low point and -0.71% for the high point.8,753.00
8,897.20
8,834.07
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bearish. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish 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:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,432.72 | 8,220.01 | 8,675.10 | 8,834.07 | 9,070.66 | 9,250.53 | 9,476.52 |
| Change (%) | -15.86% | -6.95% | -1.80% | - | +2.68% | +4.71% | +7.27% |
| Change | -1,401.35 | -614.06 | -158.97 | - | +236.59 | +416.46 | +642.45 |
| Level | Major | Major | Intermediate | - | Minor | Major | 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 | 8,588.25 | 8,658.12 | 8,735.06 | 8,804.93 | 8,881.87 | 8,951.74 | 9,028.68 |
| Camarilla | 8,771.63 | 8,785.09 | 8,798.54 | 8,812.00 | 8,825.46 | 8,838.92 | 8,852.37 |
| Woodie | 8,591.79 | 8,659.89 | 8,738.60 | 8,806.70 | 8,885.41 | 8,953.51 | 9,032.21 |
| Fibonacci | 8,658.12 | 8,714.20 | 8,748.85 | 8,804.93 | 8,861.01 | 8,895.66 | 8,951.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,537.10 | 8,106.10 | 8,459.05 | 9,028.05 | 9,381.00 | 9,950.00 | 10,302.95 |
| Camarilla | 8,558.46 | 8,642.98 | 8,727.49 | 8,812.00 | 8,896.51 | 8,981.02 | 9,065.54 |
| Woodie | 7,429.08 | 8,052.09 | 8,351.03 | 8,974.04 | 9,272.98 | 9,895.99 | 10,194.93 |
| Fibonacci | 8,106.10 | 8,458.28 | 8,675.87 | 9,028.05 | 9,380.24 | 9,597.82 | 9,950.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,216.82 | 5,757.51 | 7,454.83 | 8,995.52 | 10,692.84 | 12,233.53 | 13,930.86 |
| Camarilla | 8,261.71 | 8,558.53 | 8,855.34 | 9,152.16 | 9,448.98 | 9,745.80 | 10,042.61 |
| Woodie | 4,295.15 | 5,796.67 | 7,533.16 | 9,034.68 | 10,771.17 | 12,272.69 | 14,009.18 |
| Fibonacci | 5,757.51 | 6,994.43 | 7,758.60 | 8,995.52 | 10,232.44 | 10,996.61 | 12,233.53 |
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): | 50.90 | |
| MACD (12,26,9): | 1.4600 | |
| Directional Movement: | 2.38 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 8,819.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,781.19 | |
| Elder Ray (13): | -12.39 | |
| Super Trend (3,10): | 8,859.66 | |
| Zig ZAG (10): | 8,830.23 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 53.47 | |
| TEMA (21): | 8,846.33 | |
| Williams %R (14): | -44.94 | |
| Chande Momentum Oscillator (20): | 63.54 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.02 |
| MA7: | 9,098.24 | |
| MA20: | 8,941.19 | |
| MA50: | 8,576.97 | |
| MA100: | 9,537.01 | |
| MAexp7: | 8,830.66 | |
| MAexp20: | 8,821.38 | |
| MAexp50: | 8,863.27 | |
| MAexp100: | 8,963.59 | |
| Price / MA7: | -2.90% | |
| Price / MA20: | -1.20% | |
| Price / MA50: | +3.00% | |
| Price / MA100: | -7.37% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -1.44% |
This member declared not having a position on this financial instrument or a related financial instrument.
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