BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
61%
11%
My opinion
Bearish under 64,569.80 USDT
My targets
62,156.59 USDT (-2.79%)
59,009.64 USDT (-7.71%)
My analysis
BITCOIN - BTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 64,569.80 USDT. The next support located at 62,156.59 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 59,009.64 USDT. Below this support, sellers could then target 50,745.69 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 63,942.01 USDT. The price registered a decrease of -5.43% on the session with the lowest point at 62,415.69 USDT and the highest point at 68,120.37 USDT. The deviation from the price is +2.45% for the low point and -6.13% for the high point.62,415.69
68,120.37
63,942.01
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:
Technical
Technical analysis of BITCOIN - BTC/USDT in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 2 are neutral and 11 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39,567.66 | 44,055.04 | 50,745.69 | 63,942.01 | 64,569.80 | 65,724.53 | 66,566.65 |
| Change (%) | -38.12% | -31.10% | -20.64% | - | +0.98% | +2.79% | +4.10% |
| Change | -24,374.35 | -19,886.97 | -13,196.32 | - | +627.79 | +1,782.52 | +2,624.64 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
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 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.55 | |
| MACD (12,26,9): | -1,046.5100 | |
| Directional Movement: | -14.78 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 63,496.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,415.69 | |
| Elder Ray (13): | -863.54 | |
| Super Trend (3,10): | 65,953.00 | |
| Zig ZAG (10): | 64,017.78 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 22.42 | |
| TEMA (21): | 62,912.72 | |
| Williams %R (14): | -62.69 | |
| Chande Momentum Oscillator (20): | -1,958.95 | |
| Repulse (5,40,3): | 1.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2100 | |
| Courbe Coppock: | 9.52 |
| MA7: | 68,447.87 | |
| MA20: | 67,089.65 | |
| MA50: | 56,242.79 | |
| MA100: | 49,532.26 | |
| MAexp7: | 63,673.81 | |
| MAexp20: | 64,817.76 | |
| MAexp50: | 66,173.72 | |
| MAexp100: | 67,313.36 | |
| Price / MA7: | -6.58% | |
| Price / MA20: | -4.69% | |
| Price / MA50: | +13.69% | |
| Price / MA100: | +29.09% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -3.37% | |
| Price / MAexp100: | -5.01% |
Quotes :
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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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