BITCOIN - BTC/USD - 1H - Technical analysis published on 01/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 40,618.73 USD
My targets
39,424.45 USD (-1.26%)
38,516.51 USD (-3.53%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 40,618.73 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 40,618.73 USD. The next bearish objective for sellers is set at 39,424.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 38,516.51 USD. In case of crossing, the next objective would be the support located at 37,896.70 USD. PS: if there is a bullish break in the resistance located at 40,618.73 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.3
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 39,927.85 USD. The price registered a decrease of -0.04% on the session and was traded between 39,876.46 USD and 39,953.98 USD over the period. The price is currently at +0.13% from its lowest and -0.07% from its highest.39,876.46
39,953.98
39,927.85
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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 64.29% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
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 | 37,896.70 | 38,516.51 | 39,424.45 | 39,927.85 | 40,618.73 | 41,536.54 | 42,156.48 |
| Change (%) | -5.09% | -3.53% | -1.26% | - | +1.73% | +4.03% | +5.58% |
| Change | -2,031.15 | -1,411.34 | -503.40 | - | +690.88 | +1,608.69 | +2,228.63 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 38,804.35 | 39,166.69 | 39,554.83 | 39,917.17 | 40,305.31 | 40,667.65 | 41,055.79 |
| Camarilla | 39,736.58 | 39,805.37 | 39,874.17 | 39,942.96 | 40,011.75 | 40,080.55 | 40,149.34 |
| Woodie | 38,817.24 | 39,173.14 | 39,567.72 | 39,923.62 | 40,318.20 | 40,674.10 | 41,068.68 |
| Fibonacci | 39,166.69 | 39,453.38 | 39,630.49 | 39,917.17 | 40,203.86 | 40,380.97 | 40,667.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 36,806.87 | 38,534.49 | 40,106.06 | 41,833.68 | 43,405.25 | 45,132.87 | 46,704.44 |
| Camarilla | 40,770.34 | 41,072.77 | 41,375.19 | 41,677.62 | 41,980.05 | 42,282.47 | 42,584.90 |
| Woodie | 36,728.84 | 38,495.48 | 40,028.03 | 41,794.67 | 43,327.22 | 45,093.86 | 46,626.41 |
| Fibonacci | 38,534.49 | 39,794.78 | 40,573.39 | 41,833.68 | 43,093.97 | 43,872.58 | 45,132.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 35,228.67 | 37,614.33 | 39,927.67 | 42,313.33 | 44,626.67 | 47,012.33 | 49,325.67 |
| Camarilla | 40,948.78 | 41,379.52 | 41,810.26 | 42,241.00 | 42,671.74 | 43,102.48 | 43,533.23 |
| Woodie | 35,192.50 | 37,596.25 | 39,891.50 | 42,295.25 | 44,590.50 | 46,994.25 | 49,289.50 |
| Fibonacci | 37,614.33 | 39,409.35 | 40,518.32 | 42,313.33 | 44,108.35 | 45,217.32 | 47,012.33 |
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): | 49.85 | |
| MACD (12,26,9): | -2.7900 | |
| Directional Movement: | -4.81 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 39,914.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 39,546.37 | |
| Elder Ray (13): | 4.47 | |
| Super Trend (3,10): | 39,575.69 | |
| Zig ZAG (10): | 39,914.21 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 53.93 | |
| TEMA (21): | 39,894.01 | |
| Williams %R (14): | -48.70 | |
| Chande Momentum Oscillator (20): | 7.05 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.61 |
| MA7: | 40,363.53 | |
| MA20: | 42,557.77 | |
| MA50: | 42,863.42 | |
| MA100: | 39,579.64 | |
| MAexp7: | 39,910.65 | |
| MAexp20: | 39,909.52 | |
| MAexp50: | 39,928.25 | |
| MAexp100: | 40,174.76 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | -6.18% | |
| Price / MA50: | -6.85% | |
| Price / MA100: | +0.88% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | -0.61% |
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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