BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 07/30/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

50%

17%

My opinion

Bearish under 68,149.09 USDT

My targets

65,456.03 USDT (-1.88%)

64,434.60 USDT (-3.42%)

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 68,149.09 USDT. The next support located at 65,456.03 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 64,434.60 USDT. Below this support, sellers could then target 63,465.75 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

5.9

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 66,713.20 USDT. On the day, this instrument lost -0.11% with the lowest point at 65,886.37 USDT and the highest point at 66,881.09 USDT. The deviation from the price is +1.25% for the low point and -0.25% for the high point.

65,886.37

66,881.09

66,713.20

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

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 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	63,465.75	64,434.60	65,456.03	66,713.20	66,718.37	68,149.09	69,395.83
Change (%)	-4.87%	-3.42%	-1.88%	-	+0.01%	+2.15%	+4.02%
Change	-3,247.45	-2,278.60	-1,257.17	-	+5.17	+1,435.89	+2,682.63
Level	Intermediate	Minor	Intermediate	-	Intermediate	Major	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	61,913.06	64,184.96	65,484.70	67,756.60	69,056.34	71,328.24	72,627.98
Camarilla	65,802.24	66,129.64	66,457.04	66,784.44	67,111.84	67,439.24	67,766.64
Woodie	61,426.98	63,941.92	64,998.62	67,513.56	68,570.26	71,085.20	72,141.90
Fibonacci	64,184.96	65,549.33	66,392.23	67,756.60	69,120.97	69,963.87	71,328.24

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58,519.84	60,992.79	64,449.92	66,922.87	70,380.00	72,852.95	76,310.08
Camarilla	66,276.27	66,819.86	67,363.45	67,907.04	68,450.63	68,994.22	69,537.81
Woodie	59,011.92	61,238.84	64,942.00	67,168.92	70,872.08	73,099.00	76,802.16
Fibonacci	60,992.79	63,258.08	64,657.58	66,922.87	69,188.16	70,587.66	72,852.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,133.83	52,342.01	57,557.52	63,765.70	68,981.21	75,189.39	80,404.90
Camarilla	59,631.51	60,678.68	61,725.85	62,773.02	63,820.19	64,867.36	65,914.54
Woodie	45,637.49	52,093.84	57,061.18	63,517.53	68,484.87	74,941.22	79,908.56
Fibonacci	52,342.01	56,705.86	59,401.85	63,765.70	68,129.55	70,825.54	75,189.39

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):	39.15
MACD (12,26,9):	-528.5800
Directional Movement:	-19.75
AROON (14):	-57.14
DEMA (21):	66,607.45
Parabolic SAR (0,02-0,02-0,2):	66,859.12
Elder Ray (13):	-356.56
Super Trend (3,10):	67,988.94
Zig ZAG (10):	66,671.41
VORTEX (21):	0.7600
Stochastique (14,3,5):	37.03
TEMA (21):	66,217.81
Williams %R (14):	-51.94
Chande Momentum Oscillator (20):	-749.01
Repulse (5,40,3):	0.2900
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	4.67

MA7:	66,953.02
MA20:	64,862.13
MA50:	63,321.52
MA100:	64,617.84
MAexp7:	66,680.74
MAexp20:	67,261.30
MAexp50:	67,736.89
MAexp100:	67,642.09
Price / MA7:	-0.36%
Price / MA20:	+2.85%
Price / MA50:	+5.36%
Price / MA100:	+3.24%
Price / MAexp7:	+0.05%
Price / MAexp20:	-0.81%
Price / MAexp50:	-1.51%
Price / MAexp100:	-1.37%

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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