BITCOIN - BTC/USD - 1H - Technical analysis published on 02/10/2020 (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
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
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This analysis was given by renodonor. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 9,679.20 | 9,783.30 | 9,971.80 | 10,075.90 | 10,264.40 | 10,368.50 | 10,557.00 |
Camarilla | 10,079.84 | 10,106.66 | 10,133.48 | 10,160.30 | 10,187.12 | 10,213.94 | 10,240.77 |
Woodie | 9,721.40 | 9,804.40 | 10,014.00 | 10,097.00 | 10,306.60 | 10,389.60 | 10,599.20 |
Fibonacci | 9,783.30 | 9,895.07 | 9,964.13 | 10,075.90 | 10,187.67 | 10,256.73 | 10,368.50 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,478.53 | 8,778.77 | 9,341.53 | 9,641.77 | 10,204.53 | 10,504.77 | 11,067.53 |
Camarilla | 9,666.98 | 9,746.08 | 9,825.19 | 9,904.30 | 9,983.41 | 10,062.52 | 10,141.63 |
Woodie | 8,609.80 | 8,844.40 | 9,472.80 | 9,707.40 | 10,335.80 | 10,570.40 | 11,198.80 |
Fibonacci | 8,778.77 | 9,108.43 | 9,312.10 | 9,641.77 | 9,971.43 | 10,175.10 | 10,504.77 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4,903.28 | 5,881.93 | 7,607.71 | 8,586.36 | 10,312.14 | 11,290.79 | 13,016.57 |
Camarilla | 8,589.78 | 8,837.69 | 9,085.59 | 9,333.50 | 9,581.41 | 9,829.31 | 10,077.22 |
Woodie | 5,276.86 | 6,068.71 | 7,981.29 | 8,773.14 | 10,685.72 | 11,477.57 | 13,390.15 |
Fibonacci | 5,881.93 | 6,915.02 | 7,553.26 | 8,586.36 | 9,619.45 | 10,257.70 | 11,290.79 |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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