BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 02/10/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 10,056.90 USD
My targets
9,714.87 USD (-1.18%)
9,516.95 USD (-3.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 10,056.90 USD. The sellers” bearish objective is set at 9,714.87 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,516.95 USD. In case of crossing, the next objective would be the support located at 9,217.34 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
4.6

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 9,830.80 USD. The price registered an increase of -3.24% on the session with the lowest point at 9,760.00 USD and the highest point at 10,200.00 USD. The deviation from the price is +0.73% for the low point and -3.62% for the high point.

9,760.00
10,200.00
9,830.80

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

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



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 bearish. 71.43% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour


Resistance of triangle is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9,217.34 9,516.95 9,714.87 9,830.80 9,875.40 10,056.90 10,627.40
Change (%) -6.24% -3.19% -1.18% - +0.45% +2.30% +8.10%
Change -613.46 -313.85 -115.93 - +44.60 +226.10 +796.60
Level Intermediate Major Intermediate - Intermediate Intermediate Minor



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
Standard9,679.209,783.309,971.8010,075.9010,264.4010,368.5010,557.00
Camarilla10,079.8410,106.6610,133.4810,160.3010,187.1210,213.9410,240.77
Woodie9,721.409,804.4010,014.0010,097.0010,306.6010,389.6010,599.20
Fibonacci9,783.309,895.079,964.1310,075.9010,187.6710,256.7310,368.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,478.538,778.779,341.539,641.7710,204.5310,504.7711,067.53
Camarilla9,666.989,746.089,825.199,904.309,983.4110,062.5210,141.63
Woodie8,609.808,844.409,472.809,707.4010,335.8010,570.4011,198.80
Fibonacci8,778.779,108.439,312.109,641.779,971.4310,175.1010,504.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,903.285,881.937,607.718,586.3610,312.1411,290.7913,016.57
Camarilla8,589.788,837.699,085.599,333.509,581.419,829.3110,077.22
Woodie5,276.866,068.717,981.298,773.1410,685.7211,477.5713,390.15
Fibonacci5,881.936,915.027,553.268,586.369,619.4510,257.7011,290.79

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): 40.42
MACD (12,26,9): -48.6600
Directional Movement: -16.97
AROON (14): -21.43
DEMA (21): 9,821.61
Parabolic SAR (0,02-0,02-0,2): 9,894.02
Elder Ray (13): -19.75
Super Trend (3,10): 10,022.73
Zig ZAG (10): 9,808.30
VORTEX (21): 0.8000
Stochastique (14,3,5): 38.89
TEMA (21): 9,787.25
Williams %R (14): -69.71
Chande Momentum Oscillator (20): -27.00
Repulse (5,40,3): -0.5300
ROCnROLL: 2
TRIX (15,9): -0.0800
Courbe Coppock: 1.81
MA7: 9,745.09
MA20: 9,248.62
MA50: 8,418.35
MA100: 8,117.90
MAexp7: 9,845.24
MAexp20: 9,885.60
MAexp50: 9,923.26
MAexp100: 9,861.22
Price / MA7: +0.88%
Price / MA20: +6.29%
Price / MA50: +16.78%
Price / MA100: +21.10%
Price / MAexp7: -0.15%
Price / MAexp20: -0.55%
Price / MAexp50: -0.93%
Price / MAexp100: -0.31%

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

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