BITCOIN - BTC/USD - 1H - Technical analysis published on 03/16/2020 (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:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 5,742.50 USD
My targets
4,853.00 USD (-5.89%)
3,926.30 USD (-23.86%)
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 5,742.50 USD. The sellers” bearish objective is set at 4,853.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,926.30 USD. In case of crossing, the next objective would be the support located at 3,182.14 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.9
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 5,156.85 USD. On the day, this instrument lost -3.50% and was traded between 5,149.17 USD and 5,347.01 USD over the period. The price is currently at +0.15% from its lowest and -3.56% from its highest.5,149.17
5,347.01
5,156.85
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3,182.14 | 3,926.30 | 4,853.00 | 5,156.85 | 5,875.21 | 7,423.21 | 7,982.89 |
| Change (%) | -38.29% | -23.86% | -5.89% | - | +13.93% | +43.95% | +54.80% |
| Change | -1,974.71 | -1,230.55 | -303.85 | - | +718.36 | +2,266.36 | +2,826.04 |
| Level | Major | Minor | Intermediate | - | Major | Minor | 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 | 4,094.89 | 4,598.30 | 4,971.03 | 5,474.44 | 5,847.17 | 6,350.58 | 6,723.31 |
| Camarilla | 5,102.83 | 5,183.15 | 5,263.46 | 5,343.77 | 5,424.08 | 5,504.40 | 5,584.71 |
| Woodie | 4,029.56 | 4,565.63 | 4,905.70 | 5,441.77 | 5,781.84 | 6,317.91 | 6,657.98 |
| Fibonacci | 4,598.30 | 4,932.98 | 5,139.75 | 5,474.44 | 5,809.12 | 6,015.89 | 6,350.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1,851.57 | 1,037.37 | 3,102.23 | 5,991.17 | 8,056.03 | 10,944.97 | 13,009.83 |
| Camarilla | 3,804.81 | 4,258.90 | 4,713.00 | 5,167.10 | 5,621.20 | 6,075.30 | 6,529.40 |
| Woodie | -2,263.60 | 831.35 | 2,690.20 | 5,785.15 | 7,644.00 | 10,738.95 | 12,597.80 |
| Fibonacci | 1,037.37 | 2,929.72 | 4,098.82 | 5,991.17 | 7,883.52 | 9,052.62 | 10,944.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,742.50 | 7,090.90 | 7,809.00 | 9,157.40 | 9,875.50 | 11,223.90 | 11,942.00 |
| Camarilla | 7,958.81 | 8,148.24 | 8,337.67 | 8,527.10 | 8,716.53 | 8,905.96 | 9,095.39 |
| Woodie | 5,427.35 | 6,933.33 | 7,493.85 | 8,999.83 | 9,560.35 | 11,066.33 | 11,626.85 |
| Fibonacci | 7,090.90 | 7,880.30 | 8,368.00 | 9,157.40 | 9,946.80 | 10,434.50 | 11,223.90 |
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): | 46.54 | |
| MACD (12,26,9): | -18.7600 | |
| Directional Movement: | 6.44 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 5,288.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,900.72 | |
| Elder Ray (13): | -66.05 | |
| Super Trend (3,10): | 5,081.83 | |
| Zig ZAG (10): | 5,220.34 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 8.46 | |
| TEMA (21): | 5,286.05 | |
| Williams %R (14): | -94.97 | |
| Chande Momentum Oscillator (20): | -95.01 | |
| Repulse (5,40,3): | -2.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.47 |
| MA7: | 6,005.26 | |
| MA20: | 7,746.16 | |
| MA50: | 8,919.98 | |
| MA100: | 8,320.33 | |
| MAexp7: | 5,275.48 | |
| MAexp20: | 5,308.48 | |
| MAexp50: | 5,395.27 | |
| MAexp100: | 5,778.49 | |
| Price / MA7: | -14.13% | |
| Price / MA20: | -33.43% | |
| Price / MA50: | -42.19% | |
| Price / MA100: | -38.02% | |
| Price / MAexp7: | -2.25% | |
| Price / MAexp20: | -2.86% | |
| Price / MAexp50: | -4.42% | |
| Price / MAexp100: | -10.76% |
This member declared not having a position on this financial instrument or a related financial instrument.
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