BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 64,818.99 USDT
My targets
62,366.41 USDT (-2.23%)
61,937.73 USDT (-2.90%)
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 64,818.99 USDT. The sellers' bearish objective is set at 62,366.41 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 61,937.73 USDT. In case of crossing, the next objective would be the support located at 58,325.73 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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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 63,788.70 USDT. The price registered a decrease of -2.77% on the session and was between 63,256.25 USDT and 65,619.17 USDT. This implies that the price is at +0.84% from its lowest and at -2.79% from its highest.63,256.25
65,619.17
63,788.70
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USDT in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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, 5 are bullish, 3 are neutral and 10 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,325.73 | 61,937.73 | 62,366.41 | 63,788.70 | 64,154.35 | 64,818.99 | 65,814.41 |
| Change (%) | -8.56% | -2.90% | -2.23% | - | +0.57% | +1.62% | +3.18% |
| Change | -5,462.97 | -1,850.97 | -1,422.29 | - | +365.65 | +1,030.29 | +2,025.71 |
| Level | Minor | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64,696.72 | 65,065.67 | 65,334.28 | 65,703.23 | 65,971.84 | 66,340.79 | 66,609.40 |
| Camarilla | 65,427.55 | 65,485.99 | 65,544.44 | 65,602.88 | 65,661.32 | 65,719.77 | 65,778.21 |
| Woodie | 64,646.54 | 65,040.59 | 65,284.10 | 65,678.15 | 65,921.66 | 66,315.71 | 66,559.22 |
| Fibonacci | 65,065.67 | 65,309.22 | 65,459.69 | 65,703.23 | 65,946.78 | 66,097.25 | 66,340.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59,309.42 | 60,847.66 | 63,351.51 | 64,889.75 | 67,393.60 | 68,931.84 | 71,435.69 |
| Camarilla | 64,743.80 | 65,114.32 | 65,484.85 | 65,855.37 | 66,225.90 | 66,596.42 | 66,966.95 |
| Woodie | 59,792.24 | 61,089.06 | 63,834.33 | 65,131.15 | 67,876.42 | 69,173.24 | 71,918.51 |
| Fibonacci | 60,847.66 | 62,391.74 | 63,345.67 | 64,889.75 | 66,433.83 | 67,387.76 | 68,931.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47,032.44 | 51,825.13 | 55,398.59 | 60,191.28 | 63,764.74 | 68,557.43 | 72,130.89 |
| Camarilla | 56,671.37 | 57,438.27 | 58,205.16 | 58,972.06 | 59,738.96 | 60,505.85 | 61,272.75 |
| Woodie | 46,422.84 | 51,520.32 | 54,788.99 | 59,886.47 | 63,155.14 | 68,252.62 | 71,521.29 |
| Fibonacci | 51,825.13 | 55,021.00 | 56,995.41 | 60,191.28 | 63,387.15 | 65,361.56 | 68,557.43 |
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): | 29.80 | |
| MACD (12,26,9): | -490.8400 | |
| Directional Movement: | -27.44 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 64,010.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 64,196.31 | |
| Elder Ray (13): | -504.84 | |
| Super Trend (3,10): | 64,555.99 | |
| Zig ZAG (10): | 63,825.56 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 20.95 | |
| TEMA (21): | 63,679.20 | |
| Williams %R (14): | -76.17 | |
| Chande Momentum Oscillator (20): | -1,601.30 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 4.99 |
| MA7: | 64,802.69 | |
| MA20: | 62,272.94 | |
| MA50: | 60,306.03 | |
| MA100: | 61,073.00 | |
| MAexp7: | 64,001.51 | |
| MAexp20: | 64,593.80 | |
| MAexp50: | 65,080.23 | |
| MAexp100: | 65,059.02 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | +2.43% | |
| Price / MA50: | +5.77% | |
| Price / MA100: | +4.45% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -1.98% | |
| Price / MAexp100: | -1.95% |
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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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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