BITCOIN - BTC/USD - 1H - Technical analysis published on 05/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
6%
56%
39%
My opinion
Bearish under 63,945.67 USD
My targets
62,413.94 USD (-1.51%)
61,279.96 USD (-3.30%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USD as long as the price remains well below 63,945.67 USD. The sellers' bearish objective is set at 62,413.94 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 61,279.96 USD. If there is any crossing, the next objective would be the support located at 58,871.34 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
2.7
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This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 63,372.95 USD. The price registered a decrease of -1.04% on the session and was traded between 62,947.20 USD and 65,500.54 USD over the period. The price is currently at +0.68% from its lowest and -3.25% from its highest.62,947.20
65,500.54
63,372.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,871.34 | 61,279.96 | 62,413.94 | 63,372.95 | 63,945.67 | 64,738.57 | 67,554.70 |
| Change (%) | -7.10% | -3.30% | -1.51% | - | +0.90% | +2.15% | +6.60% |
| Change | -4,501.61 | -2,092.99 | -959.01 | - | +572.72 | +1,365.62 | +4,181.75 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 61,404.83 | 62,168.21 | 63,103.88 | 63,867.26 | 64,802.93 | 65,566.31 | 66,501.98 |
| Camarilla | 63,572.31 | 63,728.06 | 63,883.80 | 64,039.55 | 64,195.30 | 64,351.04 | 64,506.79 |
| Woodie | 61,490.98 | 62,211.28 | 63,190.03 | 63,910.33 | 64,889.08 | 65,609.38 | 66,588.13 |
| Fibonacci | 62,168.21 | 62,817.25 | 63,218.22 | 63,867.26 | 64,516.30 | 64,917.27 | 65,566.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50,499.57 | 53,506.88 | 58,702.04 | 61,709.35 | 66,904.51 | 69,911.82 | 75,106.98 |
| Camarilla | 61,641.51 | 62,393.40 | 63,145.30 | 63,897.19 | 64,649.08 | 65,400.98 | 66,152.87 |
| Woodie | 51,593.49 | 54,053.84 | 59,795.96 | 62,256.31 | 67,998.43 | 70,458.78 | 76,200.90 |
| Fibonacci | 53,506.88 | 56,640.23 | 58,576.01 | 61,709.35 | 64,842.70 | 66,778.48 | 69,911.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41,941.71 | 50,521.84 | 55,575.35 | 64,155.48 | 69,208.99 | 77,789.12 | 82,842.63 |
| Camarilla | 56,879.61 | 58,129.36 | 59,379.11 | 60,628.86 | 61,878.61 | 63,128.36 | 64,378.11 |
| Woodie | 40,178.40 | 49,640.19 | 53,812.04 | 63,273.83 | 67,445.68 | 76,907.47 | 81,079.32 |
| Fibonacci | 50,521.84 | 55,729.89 | 58,947.43 | 64,155.48 | 69,363.53 | 72,581.07 | 77,789.12 |
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): | 42.80 | |
| MACD (12,26,9): | -112.7000 | |
| Directional Movement: | -5.56 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 63,822.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 64,812.74 | |
| Elder Ray (13): | -509.83 | |
| Super Trend (3,10): | 64,974.82 | |
| Zig ZAG (10): | 63,374.65 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 18.29 | |
| TEMA (21): | 63,542.30 | |
| Williams %R (14): | -82.73 | |
| Chande Momentum Oscillator (20): | -770.71 | |
| Repulse (5,40,3): | -0.3000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.23 |
| MA7: | 61,758.18 | |
| MA20: | 63,340.27 | |
| MA50: | 65,942.23 | |
| MA100: | 60,640.33 | |
| MAexp7: | 63,632.28 | |
| MAexp20: | 63,883.40 | |
| MAexp50: | 63,654.52 | |
| MAexp100: | 62,938.77 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | +0.05% | |
| Price / MA50: | -3.90% | |
| Price / MA100: | +4.51% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | +0.69% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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