BITSHARES - BTS/USD
BITSHARES - BTS/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTSUSD
ISIN:

BITSHARES - BTS/USD - 1H - Technical analysis published on 09/19/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.009089 USD
My targets
0.008801 USD (-2.22%)
0.008359 USD (-7.13%)
My analysis
The strong short-term decline of BITSHARES - BTS/USD reinforces the current slightly bearish trend. As long as the price remains below 0.009089 USD, you could take advantage of this bearish acceleration. The first bearish objective is located at 0.008801 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.008359 USD as an objective. Crossing it would then enable sellers to target 0.007512 USD. A return to above 0.009089 USD would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.8

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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

The BITSHARES - BTS/USD rating is 0.009001 USD. On the day, this instrument lost -1.02% and was between 0.008956 USD and 0.009235 USD. This implies that the price is at +0.50% from its lowest and at -2.53% from its highest.

0.008956
0.009235
0.009001

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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 BITSHARES - BTS/USD indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Central Candlesticks

Long black line

Type : Bearish

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.008359 0.008801 0.008985 0.009001 0.009089 0.009251 0.009389
Change (%) -7.13% -2.22% -0.18% - +0.98% +2.78% +4.31%
Change -0.000642 -0.000200 -0.000016 - +0.000088 +0.000250 +0.000388
Level Minor Major Minor - Major Intermediate Intermediate



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
Standard0.0084400.0086330.0088640.0090570.0092880.0094810.009712
Camarilla0.0089770.0090160.0090550.0090940.0091330.0091720.009211
Woodie0.0084580.0086430.0088820.0090670.0093060.0094910.009730
Fibonacci0.0086330.0087950.0088950.0090570.0092190.0093190.009481


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0070730.0078790.0084540.0092600.0098350.0106410.011216
Camarilla0.0086500.0087770.0089030.0090300.0091570.0092830.009410
Woodie0.0069590.0078210.0083400.0092020.0097210.0105830.011102
Fibonacci0.0078790.0084060.0087320.0092600.0097870.0101130.010641


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0047890.0064370.0077580.0094060.0107270.0123750.013696
Camarilla0.0082620.0085340.0088060.0090780.0093500.0096220.009895
Woodie0.0046250.0063550.0075940.0093240.0105630.0122930.013532
Fibonacci0.0064370.0075720.0082720.0094060.0105410.0112410.012375

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): 39.20
MACD (12,26,9): 0.0000
Directional Movement: -35.351584
AROON (14): 85.714286
DEMA (21): 0.009120
Parabolic SAR (0,02-0,02-0,2): 0.008908
Elder Ray (13): -0.000011
Super Trend (3,10): 0.009314
Zig ZAG (10): 0.009006
VORTEX (21): 0.9798
Stochastique (14,3,5): 78.74
TEMA (21): 0.009121
Williams %R (14): -58.79
Chande Momentum Oscillator (20): -0.000127
Repulse (5,40,3): -2.0029
ROCnROLL: 2
TRIX (15,9): 0.0306
Courbe Coppock: 0.70
MA7: 0.009006
MA20: 0.009040
MA50: 0.009241
MA100: 0.009338
MAexp7: 0.009108
MAexp20: 0.009096
MAexp50: 0.009067
MAexp100: 0.009037
Price / MA7: -0.06%
Price / MA20: -0.43%
Price / MA50: -2.60%
Price / MA100: -3.61%
Price / MAexp7: -1.17%
Price / MAexp20: -1.04%
Price / MAexp50: -0.73%
Price / MAexp100: -0.40%

Quotes : - Real time data - Cryptocompare

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

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