BITCOIN GOLD - BTG/USD - 1H - Technical analysis published on 06/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
44%
11%
44%
My opinion
Neutral between 11.25 USD and 11.96 USD
My targets
-
My analysis
The short-term increase on BITCOIN GOLD - BTG/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 11.96 USD. The first support is located at 11.25 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN GOLD - BTG/USD rating is 11.74 USD. The price registered an increase of +4.17% on the session with the lowest point at 10.85 USD and the highest point at 11.77 USD. The deviation from the price is +8.20% for the low point and -0.25% for the high point.10.85
11.77
11.74
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN GOLD - BTG/USD in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being 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, only 8 technical indicators out of 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.82 | 11.00 | 11.25 | 11.74 | 11.96 | 12.20 | 12.42 |
| Change (%) | -7.84% | -6.30% | -4.17% | - | +1.87% | +3.92% | +5.79% |
| Change | -0.92 | -0.74 | -0.49 | - | +0.22 | +0.46 | +0.68 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.60 | 10.21 | 10.74 | 11.35 | 11.88 | 12.49 | 13.02 |
| Camarilla | 10.96 | 11.06 | 11.17 | 11.27 | 11.38 | 11.48 | 11.58 |
| Woodie | 9.56 | 10.19 | 10.70 | 11.33 | 11.84 | 12.47 | 12.98 |
| Fibonacci | 10.21 | 10.65 | 10.92 | 11.35 | 11.79 | 12.06 | 12.49 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.21 | 11.71 | 12.13 | 12.63 | 13.05 | 13.55 | 13.97 |
| Camarilla | 12.31 | 12.39 | 12.48 | 12.56 | 12.64 | 12.73 | 12.81 |
| Woodie | 11.18 | 11.69 | 12.10 | 12.61 | 13.02 | 13.53 | 13.94 |
| Fibonacci | 11.71 | 12.06 | 12.28 | 12.63 | 12.98 | 13.20 | 13.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.88 | 8.88 | 10.70 | 12.70 | 14.52 | 16.52 | 18.34 |
| Camarilla | 11.46 | 11.81 | 12.16 | 12.51 | 12.86 | 13.21 | 13.56 |
| Woodie | 6.78 | 8.84 | 10.60 | 12.66 | 14.42 | 16.48 | 18.24 |
| Fibonacci | 8.88 | 10.34 | 11.24 | 12.70 | 14.16 | 15.06 | 16.52 |
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): | 47.19 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -2.23 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 11.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.89 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 12.58 | |
| Zig ZAG (10): | 11.35 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 61.97 | |
| TEMA (21): | 11.33 | |
| Williams %R (14): | -52.27 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.55 |
| MA7: | 11.90 | |
| MA20: | 12.33 | |
| MA50: | 13.21 | |
| MA100: | 14.37 | |
| MAexp7: | 11.30 | |
| MAexp20: | 11.31 | |
| MAexp50: | 11.45 | |
| MAexp100: | 11.68 | |
| Price / MA7: | -1.34% | |
| Price / MA20: | -4.79% | |
| Price / MA50: | -11.13% | |
| Price / MA100: | -18.30% | |
| Price / MAexp7: | +3.89% | |
| Price / MAexp20: | +3.80% | |
| Price / MAexp50: | +2.53% | |
| Price / MAexp100: | +0.51% |
Quotes :
-
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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