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)

Londinia

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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

50%

33%

17%

My opinion

Bearish under 68,149.09 USDT

My targets

65,456.03 USDT (-2.03%)

64,434.60 USDT (-3.55%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USDT as long as the price remains well below 68,149.09 USDT. The sellers' bearish objective is set at 65,456.03 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 64,434.60 USDT. In case of crossing, the next objective would be the support located at 63,465.75 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.8

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

The BITCOIN - BTC/USDT rating is 66,809.32 USDT. The price has increased by +0.04% since the last closing and was between 65,886.37 USDT and 67,000.54 USDT. This implies that the price is at +1.40% from its lowest and at -0.29% from its highest.

65,886.37

67,000.54

66,809.32

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:

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. 85.71% 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, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 3 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64,434.60	65,456.03	66,718.37	66,809.32	68,149.09	69,395.83	70,028.50
Change (%)	-3.55%	-2.03%	-0.14%	-	+2.01%	+3.87%	+4.82%
Change	-2,374.72	-1,353.29	-90.95	-	+1,339.77	+2,586.51	+3,219.18
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.21
MACD (12,26,9):	-431.4200
Directional Movement:	-15.55
AROON (14):	-14.28
DEMA (21):	66,595.17
Parabolic SAR (0,02-0,02-0,2):	65,930.49
Elder Ray (13):	-104.74
Super Trend (3,10):	67,988.94
Zig ZAG (10):	66,888.95
VORTEX (21):	0.7800
Stochastique (14,3,5):	59.10
TEMA (21):	66,374.07
Williams %R (14):	-39.30
Chande Momentum Oscillator (20):	-595.39
Repulse (5,40,3):	0.3200
ROCnROLL:	2
TRIX (15,9):	-0.1000
Courbe Coppock:	2.55

MA7:	66,987.15
MA20:	64,869.48
MA50:	63,323.67
MA100:	64,619.03
MAexp7:	66,799.13
MAexp20:	67,160.10
MAexp50:	67,637.61
MAexp100:	67,599.98
Price / MA7:	-0.27%
Price / MA20:	+2.99%
Price / MA50:	+5.50%
Price / MA100:	+3.39%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.52%
Price / MAexp50:	-1.22%
Price / MAexp100:	-1.17%

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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