BITCOIN - BTC/USDT - 1H - Technical analysis published on 08/19/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 26,294.80 USDT
My targets
25,531.70 USDT (-1.41%)
24,899.50 USDT (-3.85%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 26,294.80 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 25,531.70 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 24,899.50 USDT as an objective. Crossing it would then enable sellers to target 23,745.40 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by Udara. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 25,896.65 USDT. On the day, this instrument lost -0.60% and was traded between 25,805.37 USDT and 26,153.34 USDT over the period. The price is currently at +0.35% from its lowest and -0.98% from its highest.25,805.37
26,153.34
25,896.65
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23,745.40 | 24,899.50 | 25,531.70 | 25,896.65 | 26,294.80 | 27,284.70 | 28,405.40 |
| Change (%) | -8.31% | -3.85% | -1.41% | - | +1.54% | +5.36% | +9.69% |
| Change | -2,151.25 | -997.15 | -364.95 | - | +398.15 | +1,388.05 | +2,508.75 |
| Level | Minor | Major | Intermediate | - | Minor | 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 | 24,373.26 | 25,016.92 | 25,535.25 | 26,178.91 | 26,697.24 | 27,340.90 | 27,859.23 |
| Camarilla | 25,734.02 | 25,840.54 | 25,947.05 | 26,053.57 | 26,160.09 | 26,266.60 | 26,373.12 |
| Woodie | 24,310.59 | 24,985.59 | 25,472.58 | 26,147.58 | 26,634.57 | 27,309.57 | 27,796.56 |
| Fibonacci | 25,016.92 | 25,460.80 | 25,735.03 | 26,178.91 | 26,622.79 | 26,897.02 | 27,340.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27,214.10 | 27,970.90 | 28,700.50 | 29,457.30 | 30,186.90 | 30,943.70 | 31,673.30 |
| Camarilla | 29,021.34 | 29,157.59 | 29,293.85 | 29,430.10 | 29,566.35 | 29,702.61 | 29,838.86 |
| Woodie | 27,200.50 | 27,964.10 | 28,686.90 | 29,450.50 | 30,173.30 | 30,936.90 | 31,659.70 |
| Fibonacci | 27,970.90 | 28,538.71 | 28,889.50 | 29,457.30 | 30,025.11 | 30,375.90 | 30,943.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,479.23 | 27,177.17 | 28,204.93 | 29,902.87 | 30,930.63 | 32,628.57 | 33,656.33 |
| Camarilla | 28,483.13 | 28,732.99 | 28,982.84 | 29,232.70 | 29,482.56 | 29,732.41 | 29,982.27 |
| Woodie | 25,144.15 | 27,009.63 | 27,869.85 | 29,735.33 | 30,595.55 | 32,461.03 | 33,321.25 |
| Fibonacci | 27,177.17 | 28,218.38 | 28,861.65 | 29,902.87 | 30,944.08 | 31,587.35 | 32,628.57 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.52 | |
| MACD (12,26,9): | -174.9800 | |
| Directional Movement: | -15.51 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 25,759.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,071.88 | |
| Elder Ray (13): | -48.48 | |
| Super Trend (3,10): | 26,221.21 | |
| Zig ZAG (10): | 25,912.66 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 29.57 | |
| TEMA (21): | 25,903.12 | |
| Williams %R (14): | -69.94 | |
| Chande Momentum Oscillator (20): | -189.46 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 1.12 |
| MA7: | 27,892.44 | |
| MA20: | 28,836.71 | |
| MA50: | 29,583.44 | |
| MA100: | 28,526.71 | |
| MAexp7: | 25,919.43 | |
| MAexp20: | 26,030.63 | |
| MAexp50: | 26,594.62 | |
| MAexp100: | 27,384.54 | |
| Price / MA7: | -7.16% | |
| Price / MA20: | -10.20% | |
| Price / MA50: | -12.46% | |
| Price / MA100: | -9.22% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | -2.62% | |
| Price / MAexp100: | -5.43% |
Quotes :
-
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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