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 09/08/2024 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 55,866.19 USD

My targets

54,012.71 USD (-1.19%)

50,742.68 USD (-7.18%)

My analysis

The basic trend is bearish on BITCOIN - BTC/USD and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 55,866.19 USD. Buyers would then use the next resistance located at 57,760.82 USD as an objective. Crossing it would then enable buyers to target 58,274.94 USD. If there is a return to below the support located at 54,012.71 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 50,742.68 USD and 47,352.27 USD by extension.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

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 54,664.92 USD. The price has increased by +0.92% since the last closing and was traded between 53,977.99 USD and 54,718.11 USD over the period. The price is currently at +1.27% from its lowest and -0.10% from its highest.

53,977.99

54,718.11

54,664.92

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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 several elements:

New LOW record (1 month)

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 at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	47,352.27	50,742.68	54,012.71	54,664.92	55,866.19	57,760.82	58,274.94
Change (%)	-13.38%	-7.18%	-1.19%	-	+2.20%	+5.66%	+6.60%
Change	-7,312.65	-3,922.24	-652.21	-	+1,201.27	+3,095.90	+3,610.02
Level	Minor	Minor	Intermediate	-	Major	Intermediate	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
Standard	52,563.11	53,153.02	53,660.63	54,250.54	54,758.15	55,348.06	55,855.67
Camarilla	53,866.43	53,967.04	54,067.64	54,168.25	54,268.86	54,369.46	54,470.07
Woodie	52,521.97	53,132.45	53,619.49	54,229.97	54,717.01	55,327.49	55,814.53
Fibonacci	53,153.02	53,572.27	53,831.28	54,250.54	54,669.79	54,928.80	55,348.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,972.86	48,269.86	51,219.06	55,516.06	58,465.26	62,762.26	65,711.46
Camarilla	52,175.55	52,839.78	53,504.02	54,168.25	54,832.49	55,496.72	56,160.96
Woodie	43,298.95	47,932.91	50,545.15	55,179.11	57,791.35	62,425.31	65,037.55
Fibonacci	48,269.86	51,037.91	52,748.02	55,516.06	58,284.11	59,994.22	62,762.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33,972.55	41,613.30	50,297.02	57,937.77	66,621.49	74,262.24	82,945.96
Camarilla	54,491.52	55,987.93	57,484.34	58,980.75	60,477.16	61,973.57	63,469.98
Woodie	34,494.05	41,874.04	50,818.52	58,198.51	67,142.99	74,522.98	83,467.46
Fibonacci	41,613.30	47,849.24	51,701.82	57,937.77	64,173.71	68,026.29	74,262.24

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):	53.18
MACD (12,26,9):	-2.1700
Directional Movement:	-0.34
AROON (14):	42.86
DEMA (21):	54,313.81
Parabolic SAR (0,02-0,02-0,2):	53,991.75
Elder Ray (13):	113.15
Super Trend (3,10):	54,921.10
Zig ZAG (10):	54,480.11
VORTEX (21):	1.0100
Stochastique (14,3,5):	86.09
TEMA (21):	54,486.47
Williams %R (14):	-11.24
Chande Momentum Oscillator (20):	536.56
Repulse (5,40,3):	0.2300
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.46

MA7:	56,201.26
MA20:	59,131.88
MA50:	60,853.62
MA100:	62,321.09
MAexp7:	54,408.46
MAexp20:	54,347.87
MAexp50:	54,657.27
MAexp100:	55,449.64
Price / MA7:	-2.73%
Price / MA20:	-7.55%
Price / MA50:	-10.17%
Price / MA100:	-12.29%
Price / MAexp7:	+0.47%
Price / MAexp20:	+0.58%
Price / MAexp50:	+0.01%
Price / MAexp100:	-1.42%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

Online

Overall rating :

15240

Number of analyses :

84407

Followers :

I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…