BITCOIN GOLD - BTG/USD - 1H - Technical analysis published on 08/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 13.70 USD
My targets
13.15 USD (-0.90%)
12.74 USD (-3.99%)
My analysis
There is a bearish trend on BITCOIN GOLD - BTG/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 13.70 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 13.15 USD. Then the price could move towards 12.74 USD. Then 11.32 USD by extension. Be careful, a return to above the resistance 13.70 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.8
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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 13.27 USD. The price is lower by -1.27% since the last closing and was traded between 13.12 USD and 13.50 USD over the period. The price is currently at +1.14% from its lowest and -1.70% from its highest.13.12
13.50
13.27
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:
Technical
Technical analysis of BITCOIN GOLD - BTG/USD in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.32 | 12.74 | 13.15 | 13.27 | 13.70 | 14.64 | 15.08 |
| Change (%) | -14.69% | -3.99% | -0.90% | - | +3.24% | +10.32% | +13.64% |
| Change | -1.95 | -0.53 | -0.12 | - | +0.43 | +1.37 | +1.81 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.43 | 12.81 | 13.12 | 13.50 | 13.81 | 14.19 | 14.50 |
| Camarilla | 13.25 | 13.31 | 13.38 | 13.44 | 13.50 | 13.57 | 13.63 |
| Woodie | 12.41 | 12.79 | 13.10 | 13.48 | 13.79 | 14.17 | 14.48 |
| Fibonacci | 12.81 | 13.07 | 13.23 | 13.50 | 13.76 | 13.92 | 14.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.28 | 9.30 | 11.37 | 13.39 | 15.46 | 17.48 | 19.55 |
| Camarilla | 12.32 | 12.69 | 13.07 | 13.44 | 13.82 | 14.19 | 14.57 |
| Woodie | 7.31 | 9.31 | 11.40 | 13.40 | 15.49 | 17.49 | 19.58 |
| Fibonacci | 9.30 | 10.86 | 11.83 | 13.39 | 14.95 | 15.92 | 17.48 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.75 | 6.29 | 13.46 | 19.00 | 26.17 | 31.71 | 38.88 |
| Camarilla | 17.15 | 18.31 | 19.48 | 20.64 | 21.81 | 22.97 | 24.14 |
| Woodie | 1.58 | 6.70 | 14.29 | 19.41 | 27.00 | 32.12 | 39.71 |
| Fibonacci | 6.29 | 11.14 | 14.14 | 19.00 | 23.85 | 26.85 | 31.71 |
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): | 45.94 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -0.74 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 13.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.44 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 13.11 | |
| Zig ZAG (10): | 13.26 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 41.13 | |
| TEMA (21): | 13.27 | |
| Williams %R (14): | -65.71 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.36 |
| MA7: | 13.79 | |
| MA20: | 14.82 | |
| MA50: | 14.27 | |
| MA100: | 13.29 | |
| MAexp7: | 13.30 | |
| MAexp20: | 13.32 | |
| MAexp50: | 13.38 | |
| MAexp100: | 13.57 | |
| Price / MA7: | -3.77% | |
| Price / MA20: | -10.46% | |
| Price / MA50: | -7.01% | |
| Price / MA100: | -0.15% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -2.21% |
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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