XBTUSD - XBTUSD/USD - 1H - Technical analysis published on 09/24/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
XBTUSD - XBTUSD/USD Chart
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 9,596.00 USD
My targets
9,442.25 USD (-0.75%)
8,212.67 USD (-13.68%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on XBTUSD - XBTUSD/USD as long as the price remains well below 9,596.00 USD. The sellers” bearish objective is set at 9,442.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,212.67 USD. In case of crossing, the next objective would be the support located at 5,111.25 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, 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
7.9
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 insight.
Additional analysis
Quotes
The XBTUSD - XBTUSD/USD rating is 9,514.00 USD. The price registered a decrease of -1.70% on the session and was traded between 9,497.00 USD and 9,773.00 USD over the period. The price is currently at +0.18% from its lowest and -2.65% from its highest.9,497.00
9,773.00
9,514.00
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by XBTUSD - XBTUSD/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of XBTUSD - XBTUSD/USD indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
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 several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,111.25 | 8,212.67 | 9,442.25 | 9,514.00 | 9,596.00 | 9,657.50 | 9,854.00 |
| Change (%) | -46.28% | -13.68% | -0.75% | - | +0.86% | +1.51% | +3.57% |
| Change | -4,402.75 | -1,301.33 | -71.75 | - | +82.00 | +143.50 | +340.00 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
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 | 9,103.00 | 9,366.50 | 9,522.50 | 9,786.00 | 9,942.00 | 10,205.50 | 10,361.50 |
| Camarilla | 9,563.14 | 9,601.59 | 9,640.05 | 9,678.50 | 9,716.95 | 9,755.41 | 9,793.86 |
| Woodie | 9,049.25 | 9,339.63 | 9,468.75 | 9,759.13 | 9,888.25 | 10,178.63 | 10,307.75 |
| Fibonacci | 9,366.50 | 9,526.75 | 9,625.75 | 9,786.00 | 9,946.25 | 10,045.25 | 10,205.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,794.00 | 9,195.00 | 9,585.00 | 9,986.00 | 10,376.00 | 10,777.00 | 11,167.00 |
| Camarilla | 9,757.48 | 9,829.98 | 9,902.49 | 9,975.00 | 10,047.51 | 10,120.02 | 10,192.53 |
| Woodie | 8,788.50 | 9,192.25 | 9,579.50 | 9,983.25 | 10,370.50 | 10,774.25 | 11,161.50 |
| Fibonacci | 9,195.00 | 9,497.16 | 9,683.84 | 9,986.00 | 10,288.16 | 10,474.84 | 10,777.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,510.00 | 7,423.00 | 8,513.00 | 10,426.00 | 11,516.00 | 13,429.00 | 14,519.00 |
| Camarilla | 8,777.18 | 9,052.45 | 9,327.73 | 9,603.00 | 9,878.28 | 10,153.55 | 10,428.83 |
| Woodie | 5,098.50 | 7,217.25 | 8,101.50 | 10,220.25 | 11,104.50 | 13,223.25 | 14,107.50 |
| Fibonacci | 7,423.00 | 8,570.15 | 9,278.85 | 10,426.00 | 11,573.15 | 12,281.85 | 13,429.00 |
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): | 25.91 | |
| MACD (12,26,9): | -55.4800 | |
| Directional Movement: | -30.16 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 9,649.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,768.66 | |
| Elder Ray (13): | -90.94 | |
| Super Trend (3,10): | 9,773.06 | |
| Zig ZAG (10): | 9,603.00 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 27.51 | |
| TEMA (21): | 9,643.12 | |
| Williams %R (14): | -74.19 | |
| Chande Momentum Oscillator (20): | -99.00 | |
| Repulse (5,40,3): | -0.4400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 1.09 |
| MA7: | 9,986.93 | |
| MA20: | 10,211.78 | |
| MA50: | 10,414.73 | |
| MA100: | 10,563.28 | |
| MAexp7: | 9,666.85 | |
| MAexp20: | 9,723.33 | |
| MAexp50: | 9,817.97 | |
| MAexp100: | 9,912.17 | |
| Price / MA7: | -4.74% | |
| Price / MA20: | -6.83% | |
| Price / MA50: | -8.65% | |
| Price / MA100: | -9.93% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -2.15% | |
| Price / MAexp50: | -3.10% | |
| Price / MAexp100: | -4.02% |
This member declared not having a position on this financial instrument or a related financial instrument.
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