BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/19/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 64,569.80 USDT

My targets

62,156.59 USDT (-2.89%)

59,009.64 USDT (-7.80%)

My analysis

The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 64,569.80 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 62,156.59 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 59,009.64 USDT as an objective. Crossing it would then enable sellers to target 50,745.69 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, 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

7.7

Comment on the analysis

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 chookich. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 64,003.82 USDT. The price registered a decrease of -5.34% on the session and was traded between 63,622.38 USDT and 68,120.37 USDT over the period. The price is currently at +0.60% from its lowest and -6.04% from its highest.

63,622.38

68,120.37

64,003.82

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

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. 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.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	39,567.66	44,055.04	50,745.69	64,003.82	64,569.80	65,724.53	66,566.65
Change (%)	-38.18%	-31.17%	-20.71%	-	+0.88%	+2.69%	+4.00%
Change	-24,436.16	-19,948.78	-13,258.13	-	+565.98	+1,720.71	+2,562.83
Level	Major	Intermediate	Intermediate	-	Minor	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64,073.67	65,319.45	66,465.78	67,711.56	68,857.89	70,103.67	71,250.00
Camarilla	66,954.28	67,173.56	67,392.83	67,612.11	67,831.39	68,050.66	68,269.94
Woodie	64,023.95	65,294.59	66,416.06	67,686.70	68,808.17	70,078.81	71,200.28
Fibonacci	65,319.45	66,233.24	66,797.77	67,711.56	68,625.35	69,189.88	70,103.67

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,212.86	59,009.64	62,156.59	67,953.37	71,100.32	76,897.10	80,044.05
Camarilla	62,844.00	63,663.85	64,483.69	65,303.53	66,123.37	66,943.21	67,763.06
Woodie	51,887.94	58,347.18	60,831.67	67,290.91	69,775.40	76,234.64	78,719.13
Fibonacci	59,009.64	62,426.15	64,536.87	67,953.37	71,369.88	73,480.60	76,897.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,183.22	33,533.95	47,334.75	55,685.48	69,486.28	77,837.01	91,637.81
Camarilla	55,043.89	57,074.45	59,105.00	61,135.56	63,166.12	65,196.67	67,227.23
Woodie	27,908.27	34,896.47	50,059.80	57,048.00	72,211.33	79,199.53	94,362.86
Fibonacci	33,533.95	41,995.83	47,223.59	55,685.48	64,147.36	69,375.12	77,837.01

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):	25.57
MACD (12,26,9):	-766.8400
Directional Movement:	-25.00
AROON (14):	-50.00
DEMA (21):	65,345.66
Parabolic SAR (0,02-0,02-0,2):	66,707.56
Elder Ray (13):	-1,228.40
Super Trend (3,10):	66,940.56
Zig ZAG (10):	64,337.90
VORTEX (21):	0.7800
Stochastique (14,3,5):	16.61
TEMA (21):	64,784.35
Williams %R (14):	-82.08
Chande Momentum Oscillator (20):	-2,913.86
Repulse (5,40,3):	-0.4500
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	6.14

MA7:	68,522.17
MA20:	67,114.59
MA50:	56,253.07
MA100:	49,536.45
MAexp7:	65,189.03
MAexp20:	66,228.96
MAexp50:	67,070.69
MAexp100:	67,902.75
Price / MA7:	-6.59%
Price / MA20:	-4.64%
Price / MA50:	+13.78%
Price / MA100:	+29.21%
Price / MAexp7:	-1.84%
Price / MAexp20:	-3.38%
Price / MAexp50:	-4.59%
Price / MAexp100:	-5.76%

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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