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 07/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

28%

33%

My opinion

Bearish under 67,554.70 USD

My targets

65,472.88 USD (-2.20%)

64,413.06 USD (-3.79%)

My analysis

The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 67,554.70 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 65,472.88 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 64,413.06 USD as an objective. Crossing it would then enable sellers to target 63,442.00 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 66,947.02 USD. The price has increased by +0.25% since the last closing and was between 65,868.19 USD and 66,987.57 USD. This implies that the price is at +1.64% from its lowest and at -0.06% from its highest.

65,868.19

66,987.57

66,947.02

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 1H shows a overall strongly bearish trend. 85.71% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64,413.06	65,472.88	66,690.17	66,947.02	67,554.70	68,261.86	69,412.51
Change (%)	-3.79%	-2.20%	-0.38%	-	+0.91%	+1.96%	+3.68%
Change	-2,533.96	-1,474.14	-256.85	-	+607.68	+1,314.84	+2,465.49
Level	Minor	Intermediate	Intermediate	-	Major	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	61,934.21	64,195.92	65,489.39	67,751.10	69,044.57	71,306.28	72,599.75
Camarilla	65,805.20	66,131.09	66,456.98	66,782.87	67,108.76	67,434.65	67,760.55
Woodie	61,450.10	63,953.86	65,005.28	67,509.04	68,560.46	71,064.22	72,115.64
Fibonacci	64,195.92	65,554.00	66,393.02	67,751.10	69,109.18	69,948.20	71,306.28

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58,453.74	60,947.87	64,424.25	66,918.38	70,394.76	72,888.89	76,365.27
Camarilla	66,258.74	66,806.04	67,353.33	67,900.63	68,447.93	68,995.22	69,542.52
Woodie	58,944.87	61,193.43	64,915.38	67,163.94	70,885.89	73,134.45	76,856.40
Fibonacci	60,947.87	63,228.61	64,637.65	66,918.38	69,199.12	70,608.16	72,888.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45,960.92	52,234.07	57,460.05	63,733.20	68,959.18	75,232.33	80,458.31
Camarilla	59,523.76	60,577.85	61,631.93	62,686.02	63,740.11	64,794.19	65,848.28
Woodie	45,437.33	51,972.28	56,936.46	63,471.41	68,435.59	74,970.54	79,934.72
Fibonacci	52,234.07	56,626.74	59,340.54	63,733.20	68,125.87	70,839.67	75,232.33

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	41.91
MACD (12,26,9):	-489.8200
Directional Movement:	-16.62
AROON (14):	-14.29
DEMA (21):	66,615.48
Parabolic SAR (0,02-0,02-0,2):	65,868.19
Elder Ray (13):	-97.45
Super Trend (3,10):	67,954.09
Zig ZAG (10):	66,886.94
VORTEX (21):	0.7800
Stochastique (14,3,5):	48.20
TEMA (21):	66,300.80
Williams %R (14):	-36.35
Chande Momentum Oscillator (20):	-365.59
Repulse (5,40,3):	0.6600
ROCnROLL:	-1
TRIX (15,9):	-0.1000
Courbe Coppock:	3.71

MA7:	66,999.74
MA20:	64,887.54
MA50:	63,311.98
MA100:	64,601.54
MAexp7:	66,768.59
MAexp20:	67,228.73
MAexp50:	67,705.89
MAexp100:	67,632.32
Price / MA7:	-0.08%
Price / MA20:	+3.17%
Price / MA50:	+5.74%
Price / MA100:	+3.63%
Price / MAexp7:	+0.27%
Price / MAexp20:	-0.42%
Price / MAexp50:	-1.12%
Price / MAexp100:	-1.01%

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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