BITCOIN - BTC/USD - 1H - Technical analysis published on 07/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Bearish under 67,554.70 USD
My targets
65,060.45 USD (-3.02%)
62,803.66 USD (-6.38%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for BITCOIN - BTC/USD as long as the price remains well below 67,554.70 USD. The next bearish objective for sellers is set at 65,060.45 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 62,803.66 USD. In case of crossing, the next objective would be the support located at 60,415.66 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 65,060.45 USD. With this support, against the trend traders who want to buy BITCOIN - BTC/USD on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.6
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 67,087.16 USD. The price is lower by -1.60% since the last closing with the lowest point at 66,601.19 USD and the highest point at 68,493.24 USD. The deviation from the price is +0.73% for the low point and -2.05% for the high point.66,601.19
68,493.24
67,087.16
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 - BTC/USD:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 60,415.66 | 62,803.66 | 65,060.45 | 67,087.16 | 67,554.70 | 73,117.83 |
| Change (%) | -9.94% | -6.38% | -3.02% | - | +0.70% | +8.99% |
| Change | -6,671.50 | -4,283.50 | -2,026.71 | - | +467.54 | +6,030.67 |
| Level | Minor | Major | Major | - | Major | Major |
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 | 64,052.02 | 64,949.97 | 66,562.46 | 67,460.41 | 69,072.90 | 69,970.85 | 71,583.34 |
| Camarilla | 67,484.57 | 67,714.69 | 67,944.82 | 68,174.94 | 68,405.06 | 68,635.19 | 68,865.31 |
| Woodie | 64,409.28 | 65,128.61 | 66,919.72 | 67,639.05 | 69,430.16 | 70,149.49 | 71,940.60 |
| Fibonacci | 64,949.97 | 65,908.96 | 66,501.43 | 67,460.41 | 68,419.40 | 69,011.87 | 69,970.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,438.30 | 56,366.54 | 61,764.97 | 64,693.21 | 70,091.64 | 73,019.88 | 78,418.31 |
| Camarilla | 64,873.57 | 65,636.84 | 66,400.12 | 67,163.40 | 67,926.68 | 68,689.96 | 69,453.23 |
| Woodie | 54,673.40 | 56,984.09 | 63,000.07 | 65,310.76 | 71,326.74 | 73,637.43 | 79,653.41 |
| Fibonacci | 56,366.54 | 59,547.33 | 61,512.42 | 64,693.21 | 67,874.00 | 69,839.09 | 73,019.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43,402.24 | 50,954.73 | 56,820.38 | 64,372.87 | 70,238.52 | 77,791.01 | 83,656.66 |
| Camarilla | 58,996.03 | 60,226.03 | 61,456.02 | 62,686.02 | 63,916.02 | 65,146.01 | 66,376.01 |
| Woodie | 42,558.81 | 50,533.02 | 55,976.95 | 63,951.16 | 69,395.09 | 77,369.30 | 82,813.23 |
| Fibonacci | 50,954.73 | 56,080.46 | 59,247.14 | 64,372.87 | 69,498.60 | 72,665.28 | 77,791.01 |
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): | 43.28 | |
| MACD (12,26,9): | -79.8100 | |
| Directional Movement: | -12.97 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 67,300.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 67,978.05 | |
| Elder Ray (13): | -279.78 | |
| Super Trend (3,10): | 66,643.58 | |
| Zig ZAG (10): | 66,981.28 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 19.65 | |
| TEMA (21): | 67,093.99 | |
| Williams %R (14): | -75.49 | |
| Chande Momentum Oscillator (20): | -969.02 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.25 |
| MA7: | 66,050.63 | |
| MA20: | 61,133.92 | |
| MA50: | 63,782.53 | |
| MA100: | 64,362.45 | |
| MAexp7: | 67,187.72 | |
| MAexp20: | 67,340.86 | |
| MAexp50: | 67,145.39 | |
| MAexp100: | 66,391.63 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | +9.74% | |
| Price / MA50: | +5.18% | |
| Price / MA100: | +4.23% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.38% | |
| Price / MAexp50: | -0.09% | |
| Price / MAexp100: | +1.05% |
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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