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
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
0
10
4.8
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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