BITCOIN - BTC/USD - 1H - Technical analysis published on 12/01/2019 (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:
Slightly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 7,661.46 USD
My targets
7,420.15 USD (-1.31%)
6,907.04 USD (-8.14%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 7,661.46 USD. The next bearish objective for sellers is set at 7,420.15 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 6,907.04 USD. In case of crossing, the next objective would be the support located at 6,526.27 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
4.3
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 7,518.84 USD. On the day, this instrument lost -0.53% and was between 7,492.63 USD and 7,558.90 USD. This implies that the price is at +0.35% from its lowest and at -0.53% from its highest.7,492.63
7,558.90
7,518.84
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. 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,526.27 | 6,907.04 | 7,420.15 | 7,518.84 | 7,661.46 | 7,859.10 | 9,501.50 |
| Change (%) | -13.20% | -8.14% | -1.31% | - | +1.90% | +4.53% | +26.37% |
| Change | -992.57 | -611.80 | -98.69 | - | +142.62 | +340.26 | +1,982.66 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,077.70 | 7,270.38 | 7,414.64 | 7,607.32 | 7,751.58 | 7,944.26 | 8,088.52 |
| Camarilla | 7,466.24 | 7,497.13 | 7,528.01 | 7,558.90 | 7,589.79 | 7,620.67 | 7,651.56 |
| Woodie | 7,053.49 | 7,258.28 | 7,390.43 | 7,595.22 | 7,727.37 | 7,932.16 | 8,064.31 |
| Fibonacci | 7,270.38 | 7,399.09 | 7,478.61 | 7,607.32 | 7,736.03 | 7,815.55 | 7,944.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,437.58 | 5,981.93 | 6,770.41 | 7,314.76 | 8,103.24 | 8,647.59 | 9,436.07 |
| Camarilla | 7,192.37 | 7,314.55 | 7,436.72 | 7,558.90 | 7,681.08 | 7,803.25 | 7,925.43 |
| Woodie | 5,559.66 | 6,042.96 | 6,892.49 | 7,375.79 | 8,225.32 | 8,708.62 | 9,558.15 |
| Fibonacci | 5,981.93 | 6,491.07 | 6,805.62 | 7,314.76 | 7,823.90 | 8,138.45 | 8,647.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,120.32 | 4,823.29 | 6,191.10 | 7,894.07 | 9,261.88 | 10,964.85 | 12,332.66 |
| Camarilla | 6,714.44 | 6,995.92 | 7,277.41 | 7,558.90 | 7,840.39 | 8,121.88 | 8,403.36 |
| Woodie | 2,952.73 | 4,739.50 | 6,023.51 | 7,810.28 | 9,094.29 | 10,881.06 | 12,165.07 |
| Fibonacci | 4,823.29 | 5,996.33 | 6,721.04 | 7,894.07 | 9,067.11 | 9,791.82 | 10,964.85 |
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): | 37.37 | |
| MACD (12,26,9): | -40.5800 | |
| Directional Movement: | -11.03 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 7,541.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,571.60 | |
| Elder Ray (13): | -34.21 | |
| Super Trend (3,10): | 7,686.08 | |
| Zig ZAG (10): | 7,511.89 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 27.96 | |
| TEMA (21): | 7,495.22 | |
| Williams %R (14): | -82.00 | |
| Chande Momentum Oscillator (20): | -137.06 | |
| Repulse (5,40,3): | -0.7100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.35 |
| MA7: | 7,438.11 | |
| MA20: | 7,861.58 | |
| MA50: | 8,364.51 | |
| MA100: | 8,904.07 | |
| MAexp7: | 7,540.33 | |
| MAexp20: | 7,587.89 | |
| MAexp50: | 7,595.59 | |
| MAexp100: | 7,524.86 | |
| Price / MA7: | +1.09% | |
| Price / MA20: | -4.36% | |
| Price / MA50: | -10.11% | |
| Price / MA100: | -15.56% | |
| Price / MAexp7: | -0.29% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.01% | |
| Price / MAexp100: | -0.08% |
This member declared not having a position on this financial instrument or a related financial instrument.
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