BITCOIN GOLD - BTG/USD - 1H - Technical analysis published on 08/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 13.22 USD
My targets
11.36 USD (-11.16%)
10.55 USD (-17.51%)
My analysis
BITCOIN GOLD - BTG/USD 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 13.22 USD. The next support located at 11.36 USD 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 10.55 USD. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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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 12.79 USD. The price registered a decrease of -1.92% on the session and was between 12.59 USD and 13.23 USD. This implies that the price is at +1.59% from its lowest and at -3.33% from its highest.12.59
13.23
12.79
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN GOLD - BTG/USD:
Technical
Technical analysis of this 1H chart of BITCOIN GOLD - BTG/USD indicates that the overall trend is strongly bearish. 89.29% 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. The Central Indicators scanner found no further results concerning independent technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 10.55 | 11.32 | 12.77 | 12.79 | 13.22 | 13.70 | 14.21 |
| Change (%) | -17.51% | -11.49% | -0.16% | - | +3.36% | +7.11% | +11.10% |
| Change | -2.24 | -1.47 | -0.02 | - | +0.43 | +0.91 | +1.42 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 12.22 | 12.61 | 12.82 | 13.21 | 13.42 | 13.81 | 14.02 |
| Camarilla | 12.88 | 12.93 | 12.99 | 13.04 | 13.10 | 13.15 | 13.21 |
| Woodie | 12.14 | 12.57 | 12.74 | 13.17 | 13.34 | 13.77 | 13.94 |
| Fibonacci | 12.61 | 12.84 | 12.98 | 13.21 | 13.44 | 13.58 | 13.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.27 | 9.30 | 11.36 | 13.39 | 15.45 | 17.48 | 19.54 |
| Camarilla | 12.31 | 12.68 | 13.06 | 13.43 | 13.81 | 14.18 | 14.56 |
| Woodie | 7.30 | 9.31 | 11.39 | 13.40 | 15.48 | 17.49 | 19.57 |
| Fibonacci | 9.30 | 10.86 | 11.82 | 13.39 | 14.95 | 15.91 | 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): | 45.89 | |
| MACD (12,26,9): | -0.1100 | |
| Directional Movement: | -0.46 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 12.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.59 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 13.05 | |
| Zig ZAG (10): | 12.79 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 23.53 | |
| TEMA (21): | 12.62 | |
| Williams %R (14): | -55.56 | |
| Chande Momentum Oscillator (20): | -0.17 | |
| Repulse (5,40,3): | 0.5300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 4.14 |
| MA7: | 13.18 | |
| MA20: | 14.10 | |
| MA50: | 14.12 | |
| MA100: | 13.30 | |
| MAexp7: | 12.73 | |
| MAexp20: | 12.81 | |
| MAexp50: | 12.96 | |
| MAexp100: | 13.09 | |
| Price / MA7: | -2.96% | |
| Price / MA20: | -9.29% | |
| Price / MA50: | -9.42% | |
| Price / MA100: | -3.83% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -1.31% | |
| Price / MAexp100: | -2.29% |
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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