BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 12/01/2019 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 7,420.15 USD
My targets
6,907.04 USD (-6.31%)
6,526.27 USD (-11.48%)
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 7,420.15 USD, a sale could be considered. The first bearish objective is located at 6,907.04 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6,526.27 USD as an objective. Crossing it would then enable sellers to target 5,875.21 USD. If the price were to return above 7,420.15 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
4.8

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 insight. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 7,372.50 USD. On the day, this instrument lost -2.47% and was between 7,240.50 USD and 7,558.90 USD. This implies that the price is at +1.82% from its lowest and at -2.47% from its highest.

7,240.50
7,558.90
7,372.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,875.21 6,526.27 6,907.04 7,372.50 7,420.15 7,661.46 7,859.10
Change (%) -20.31% -11.48% -6.31% - +0.65% +3.92% +6.60%
Change -1,497.29 -846.23 -465.46 - +47.65 +288.96 +486.60
Level Intermediate Minor Major - Major 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
Standard7,077.707,270.387,414.647,607.327,751.587,944.268,088.52
Camarilla7,466.247,497.137,528.017,558.907,589.797,620.677,651.56
Woodie7,053.497,258.287,390.437,595.227,727.377,932.168,064.31
Fibonacci7,270.387,399.097,478.617,607.327,736.037,815.557,944.26


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,437.585,981.936,770.417,314.768,103.248,647.599,436.07
Camarilla7,192.377,314.557,436.727,558.907,681.087,803.257,925.43
Woodie5,559.666,042.966,892.497,375.798,225.328,708.629,558.15
Fibonacci5,981.936,491.076,805.627,314.767,823.908,138.458,647.59


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,120.324,823.296,191.107,894.079,261.8810,964.8512,332.66
Camarilla6,714.446,995.927,277.417,558.907,840.398,121.888,403.36
Woodie2,952.734,739.506,023.517,810.289,094.2910,881.0612,165.07
Fibonacci4,823.295,996.336,721.047,894.079,067.119,791.8210,964.85

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): 38.23
MACD (12,26,9): -83.6900
Directional Movement: -15.20
AROON (14): -85.72
DEMA (21): 7,313.07
Parabolic SAR (0,02-0,02-0,2): 7,240.50
Elder Ray (13): -34.36
Super Trend (3,10): 7,503.35
Zig ZAG (10): 7,359.46
VORTEX (21): 0.8400
Stochastique (14,3,5): 27.22
TEMA (21): 7,268.70
Williams %R (14): -60.77
Chande Momentum Oscillator (20): -187.54
Repulse (5,40,3): 1.5200
ROCnROLL: -1
TRIX (15,9): -0.1600
Courbe Coppock: 5.66
MA7: 7,420.99
MA20: 7,853.48
MA50: 8,361.26
MA100: 8,902.45
MAexp7: 7,352.43
MAexp20: 7,419.49
MAexp50: 7,505.24
MAexp100: 7,488.08
Price / MA7: -0.65%
Price / MA20: -6.12%
Price / MA50: -11.83%
Price / MA100: -17.19%
Price / MAexp7: +0.27%
Price / MAexp20: -0.63%
Price / MAexp50: -1.77%
Price / MAexp100: -1.54%

This member declared not having a position on this financial instrument or a related financial instrument.

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