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 11/26/2024 (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

22%

56%

22%

My opinion

Bearish under 93,904.03 USDT

My targets

91,038.51 USDT (-1.50%)

89,175.48 USDT (-3.51%)

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 93,904.03 USDT. The next support located at 91,038.51 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 89,175.48 USDT. Below this support, sellers could then target 73,074.27 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.1

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 MUHOZA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 92,422.43 USDT. The price is lower by -0.63% since the last closing and was between 91,451.63 USDT and 94,977.91 USDT. This implies that the price is at +1.06% from its lowest and at -2.69% from its highest.

91,451.63

94,977.91

92,422.43

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	73,074.27	89,175.48	91,038.51	92,422.43	92,603.62	93,904.03	95,696.50
Change (%)	-20.93%	-3.51%	-1.50%	-	+0.20%	+1.60%	+3.54%
Change	-19,348.16	-3,246.95	-1,383.92	-	+181.19	+1,481.60	+3,274.07
Level	Major	Minor	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	84,553.61	88,589.34	90,797.46	94,833.19	97,041.31	101,077.04	103,285.16
Camarilla	91,288.52	91,860.87	92,433.23	93,005.58	93,577.93	94,150.29	94,722.64
Woodie	83,639.81	88,132.44	89,883.66	94,376.29	96,127.51	100,620.14	102,371.36
Fibonacci	88,589.34	90,974.49	92,448.04	94,833.19	97,218.34	98,691.89	101,077.04

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80,191.99	84,455.98	91,064.48	95,328.47	101,936.97	106,200.96	112,809.46
Camarilla	94,683.05	95,679.69	96,676.34	97,672.98	98,669.63	99,666.27	100,662.92
Woodie	81,364.25	85,042.11	92,236.74	95,914.60	103,109.23	106,787.09	113,981.72
Fibonacci	84,455.98	88,609.27	91,175.18	95,328.47	99,481.76	102,047.67	106,200.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,967.17	52,962.74	61,630.58	67,626.15	76,293.99	82,289.56	90,957.40
Camarilla	66,265.97	67,610.12	68,954.26	70,298.41	71,642.56	72,986.70	74,330.85
Woodie	48,303.30	53,630.81	62,966.71	68,294.22	77,630.12	82,957.63	92,293.53
Fibonacci	52,962.74	58,564.17	62,024.73	67,626.15	73,227.58	76,688.14	82,289.56

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):	30.44
MACD (12,26,9):	-1,066.1600
Directional Movement:	-26.97
AROON (14):	-35.71
DEMA (21):	92,338.22
Parabolic SAR (0,02-0,02-0,2):	94,206.48
Elder Ray (13):	-1,025.60
Super Trend (3,10):	94,829.29
Zig ZAG (10):	91,878.61
VORTEX (21):	0.8500
Stochastique (14,3,5):	17.26
TEMA (21):	91,911.05
Williams %R (14):	-89.13
Chande Momentum Oscillator (20):	-2,748.56
Repulse (5,40,3):	-1.1100
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	3.69

MA7:	96,002.94
MA20:	89,503.50
MA50:	76,261.87
MA100:	68,462.36
MAexp7:	92,548.91
MAexp20:	93,716.66
MAexp50:	95,222.91
MAexp100:	95,911.65
Price / MA7:	-3.73%
Price / MA20:	+3.26%
Price / MA50:	+21.19%
Price / MA100:	+35.00%
Price / MAexp7:	-0.14%
Price / MAexp20:	-1.38%
Price / MAexp50:	-2.94%
Price / MAexp100:	-3.64%

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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