BITCOIN - BTC/USD - 1H - Technical analysis published on 04/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 6,924.53 USD
My targets
6,827.89 USD (-0.67%)
6,751.53 USD (-1.78%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 6,924.53 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 6,827.89 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6,751.53 USD as an objective. Crossing it would then enable sellers to target 6,678.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.3
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This analysis was given by a1td. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 6,874.00 USD. The price has increased by +0.00% since the last closing and was between 6,843.00 USD and 6,956.10 USD. This implies that the price is at +0.45% from its lowest and at -1.18% from its highest.6,843.00
6,956.10
6,874.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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 | 6,678.37 | 6,751.53 | 6,827.89 | 6,874.00 | 6,924.53 | 7,079.19 | 7,212.50 |
| Change (%) | -2.85% | -1.78% | -0.67% | - | +0.74% | +2.99% | +4.92% |
| Change | -195.63 | -122.47 | -46.11 | - | +50.53 | +205.19 | +338.50 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,097.93 | 6,425.37 | 6,649.63 | 6,977.07 | 7,201.33 | 7,528.77 | 7,753.03 |
| Camarilla | 6,722.18 | 6,772.76 | 6,823.33 | 6,873.90 | 6,924.47 | 6,975.05 | 7,025.62 |
| Woodie | 6,046.35 | 6,399.58 | 6,598.05 | 6,951.28 | 7,149.75 | 7,502.98 | 7,701.45 |
| Fibonacci | 6,425.37 | 6,636.12 | 6,766.32 | 6,977.07 | 7,187.82 | 7,318.02 | 7,528.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,791.80 | 5,321.50 | 6,097.40 | 6,627.10 | 7,403.00 | 7,932.70 | 8,708.60 |
| Camarilla | 6,514.26 | 6,633.94 | 6,753.62 | 6,873.30 | 6,992.98 | 7,112.66 | 7,232.34 |
| Woodie | 4,914.90 | 5,383.05 | 6,220.50 | 6,688.65 | 7,526.10 | 7,994.25 | 8,831.70 |
| Fibonacci | 5,321.50 | 5,820.24 | 6,128.36 | 6,627.10 | 7,125.84 | 7,433.96 | 7,932.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1,459.43 | 1,233.43 | 3,827.27 | 6,520.13 | 9,113.97 | 11,806.83 | 14,400.67 |
| Camarilla | 4,967.26 | 5,451.87 | 5,936.49 | 6,421.10 | 6,905.71 | 7,390.33 | 7,874.94 |
| Woodie | -1,508.95 | 1,208.68 | 3,777.75 | 6,495.38 | 9,064.45 | 11,782.08 | 14,351.15 |
| Fibonacci | 1,233.43 | 3,252.95 | 4,500.61 | 6,520.13 | 8,539.65 | 9,787.31 | 11,806.83 |
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): | 42.62 | |
| MACD (12,26,9): | -32.0100 | |
| Directional Movement: | -7.66 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 6,857.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,818.85 | |
| Elder Ray (13): | -7.36 | |
| Super Trend (3,10): | 7,002.64 | |
| Zig ZAG (10): | 6,887.70 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 38.59 | |
| TEMA (21): | 6,880.78 | |
| Williams %R (14): | -63.84 | |
| Chande Momentum Oscillator (20): | -35.60 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.31 |
| MA7: | 7,105.09 | |
| MA20: | 6,743.60 | |
| MA50: | 7,267.35 | |
| MA100: | 8,147.80 | |
| MAexp7: | 6,883.86 | |
| MAexp20: | 6,907.90 | |
| MAexp50: | 6,997.29 | |
| MAexp100: | 7,059.58 | |
| Price / MA7: | -3.25% | |
| Price / MA20: | +1.93% | |
| Price / MA50: | -5.41% | |
| Price / MA100: | -15.63% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.49% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -2.63% |
This member declared not having a position on this financial instrument or a related financial instrument.
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