BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 06/11/2023 (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: Neutral
Underlying: Bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 26,327.00 USD
My targets
25,608.30 USD (-0.72%)
25,389.10 USD (-1.57%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are under the resistance located at 26,327.00 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 25,608.30 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 25,389.10 USD as an objective. Crossing it would then enable sellers to target 24,446.00 USD. If the resistance 26,327.00 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.4

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 Rainer76. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USD rating 25,793.05 USD. The price registered a decrease of -0.24% on the session with the lowest point at 25,660.99 USD and the highest point at 25,870.98 USD. The deviation from the price is +0.51% for the low point and -0.30% for the high point.

25,660.99
25,870.98
25,793.05

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24,446.00 25,389.10 25,608.30 25,793.05 25,866.00 26,327.00 26,654.60
Change (%) -5.22% -1.57% -0.72% - +0.28% +2.07% +3.34%
Change -1,347.05 -403.95 -184.75 - +72.95 +533.95 +861.55
Level Intermediate Major Minor - Minor Major Minor



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
Standard24,339.7624,911.7225,383.5825,955.5426,427.4026,999.3627,471.22
Camarilla25,568.4025,664.0825,759.7725,855.4525,951.1326,046.8226,142.50
Woodie24,289.7224,886.7025,333.5425,930.5226,377.3626,974.3427,421.18
Fibonacci24,911.7225,310.4625,556.8025,955.5426,354.2826,600.6226,999.36


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22,940.3024,159.7525,007.6026,227.0527,074.9028,294.3529,142.20
Camarilla25,286.9425,476.4525,665.9525,855.4526,044.9526,234.4626,423.96
Woodie22,754.5024,066.8524,821.8026,134.1526,889.1028,201.4528,956.40
Fibonacci24,159.7524,949.4625,437.3426,227.0527,016.7627,504.6428,294.35


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21,404.0023,619.5025,419.4027,634.9029,434.8031,650.3033,450.20
Camarilla26,115.0726,483.1426,851.2227,219.3027,587.3827,955.4628,323.54
Woodie21,196.2023,515.6025,211.6027,531.0029,227.0031,546.4033,242.40
Fibonacci23,619.5025,153.3826,101.0227,634.9029,168.7830,116.4231,650.30

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): 43.89
MACD (12,26,9): -55.0900
Directional Movement: -1.14
AROON (14): -50.00
DEMA (21): 25,701.49
Parabolic SAR (0,02-0,02-0,2): 25,975.73
Elder Ray (13): -47.81
Super Trend (3,10): 25,435.30
Zig ZAG (10): 25,718.93
VORTEX (21): 1.0200
Stochastique (14,3,5): 25.73
TEMA (21): 25,753.72
Williams %R (14): -79.43
Chande Momentum Oscillator (20): -131.67
Repulse (5,40,3): -0.1500
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 0.13
MA7: 26,270.31
MA20: 26,827.54
MA50: 27,484.81
MA100: 27,197.59
MAexp7: 25,751.23
MAexp20: 25,790.02
MAexp50: 25,958.14
MAexp100: 26,160.41
Price / MA7: -1.82%
Price / MA20: -3.86%
Price / MA50: -6.16%
Price / MA100: -5.16%
Price / MAexp7: +0.16%
Price / MAexp20: +0.01%
Price / MAexp50: -0.64%
Price / MAexp100: -1.40%

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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