BITCOIN - BTC/USDT - 1H - Technical analysis published on 02/01/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 22,881.69 USDT. The price is lower by -1.06% since the last closing and was between 22,844.54 USDT and 23,185.54 USDT. This implies that the price is at +0.16% from its lowest and at -1.31% from its highest.A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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/USDT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22,397.50 | 22,551.00 | 22,875.50 | 22,881.69 | 23,158.70 | 23,489.20 | 23,759.30 |
| Change (%) | -2.12% | -1.45% | -0.03% | - | +1.21% | +2.66% | +3.84% |
| Change | -484.19 | -330.69 | -6.19 | - | +277.01 | +607.51 | +877.61 |
| Level | Intermediate | Minor | Minor | - | Minor | 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:
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,226.56 | 22,474.58 | 22,801.34 | 23,049.36 | 23,376.12 | 23,624.14 | 23,950.90 |
| Camarilla | 22,970.04 | 23,022.72 | 23,075.41 | 23,128.10 | 23,180.79 | 23,233.48 | 23,286.17 |
| Woodie | 22,265.93 | 22,494.27 | 22,840.71 | 23,069.05 | 23,415.49 | 23,643.83 | 23,990.27 |
| Fibonacci | 22,474.58 | 22,694.15 | 22,829.79 | 23,049.36 | 23,268.93 | 23,404.57 | 23,624.14 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,873.27 | 21,597.33 | 22,310.27 | 23,034.33 | 23,747.27 | 24,471.33 | 25,184.27 |
| Camarilla | 22,628.03 | 22,759.75 | 22,891.48 | 23,023.20 | 23,154.93 | 23,286.65 | 23,418.38 |
| Woodie | 20,867.70 | 21,594.55 | 22,304.70 | 23,031.55 | 23,741.70 | 24,468.55 | 25,178.70 |
| Fibonacci | 21,597.33 | 22,146.27 | 22,485.40 | 23,034.33 | 23,583.27 | 23,922.40 | 24,471.33 |
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,980.93 | 13,741.07 | 18,434.58 | 21,194.72 | 25,888.23 | 28,648.37 | 33,341.88 |
| Camarilla | 21,078.35 | 21,761.60 | 22,444.85 | 23,128.10 | 23,811.35 | 24,494.60 | 25,177.85 |
| Woodie | 11,947.63 | 14,224.41 | 19,401.28 | 21,678.06 | 26,854.93 | 29,131.71 | 34,308.58 |
| Fibonacci | 13,741.07 | 16,588.36 | 18,347.42 | 21,194.72 | 24,042.01 | 25,801.07 | 28,648.37 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
| RSI (14): | 53.66 | |
| MACD (12,26,9): | -4.5500 | |
| Directional Movement: | 1.78 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 23,046.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,247.94 | |
| Elder Ray (13): | 15.88 | |
| Super Trend (3,10): | 23,216.26 | |
| Zig ZAG (10): | 23,088.49 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 46.76 | |
| TEMA (21): | 23,036.44 | |
| Williams %R (14): | -55.39 | |
| Chande Momentum Oscillator (20): | -38.89 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.54 |
| MA7: | 23,121.34 | |
| MA20: | 22,223.91 | |
| MA50: | 19,064.57 | |
| MA100: | 18,474.18 | |
| MAexp7: | 23,031.25 | |
| MAexp20: | 23,051.32 | |
| MAexp50: | 23,074.33 | |
| MAexp100: | 23,097.35 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | +2.96% | |
| Price / MA50: | +20.02% | |
| Price / MA100: | +23.86% | |
| Price / MAexp7: | -0.65% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | -0.83% | |
| Price / MAexp100: | -0.93% |
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