BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 11/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 97,210.41 USD

My targets

94,038.41 USD (-2.44%)

91,063.84 USD (-5.52%)

My analysis

In the short term, we can see an acceleration in the bearish trend on BITCOIN - BTC/USD, which is a positive signal for sellers. As long as the price remains above 97,210.41 USD, a sale could be considered. The first bearish objective is located at 94,038.41 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 91,063.84 USD as an objective. Crossing it would then enable sellers to target 89,447.19 USD. If the price were to return above 97,210.41 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

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

Force

5.4

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 LJ93612. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 96,387.91 USD. The price is lower by -1.41% since the last closing and was traded between 95,768.95 USD and 98,650.45 USD over the period. The price is currently at +0.65% from its lowest and -2.29% from its highest.

95,768.95

98,650.45

96,387.91

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

Doji

Type : Neutral

Timeframe : 1 hour

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	89,447.19	91,063.84	94,038.41	96,387.91	97,210.41	99,507.48
Change (%)	-7.20%	-5.52%	-2.44%	-	+0.85%	+3.24%
Change	-6,940.72	-5,324.07	-2,349.50	-	+822.50	+3,119.57
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	95,195.01	96,212.32	96,988.66	98,005.97	98,782.31	99,799.62	100,575.96
Camarilla	97,271.76	97,436.17	97,600.59	97,765.01	97,929.43	98,093.85	98,258.26
Woodie	95,074.54	96,152.08	96,868.19	97,945.73	98,661.84	99,739.38	100,455.49
Fibonacci	96,212.32	96,897.49	97,320.79	98,005.97	98,691.14	99,114.44	99,799.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80,057.15	84,394.36	91,079.68	95,416.89	102,102.21	106,439.42	113,124.74
Camarilla	94,733.81	95,744.21	96,754.61	97,765.01	98,775.41	99,785.81	100,796.21
Woodie	81,231.22	84,981.39	92,253.75	96,003.92	103,276.28	107,026.45	114,298.81
Fibonacci	84,394.36	88,604.96	91,206.28	95,416.89	99,627.49	102,228.81	106,439.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,822.36	52,853.11	61,530.61	67,561.36	76,238.86	82,269.61	90,947.11
Camarilla	66,163.35	67,511.61	68,859.86	70,208.12	71,556.38	72,904.63	74,252.89
Woodie	48,145.75	53,514.80	62,854.00	68,223.05	77,562.25	82,931.30	92,270.50
Fibonacci	52,853.11	58,471.66	61,942.81	67,561.36	73,179.91	76,651.06	82,269.61

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):	29.62
MACD (12,26,9):	-569.2500
Directional Movement:	-22.99
AROON (14):	-64.29
DEMA (21):	96,620.98
Parabolic SAR (0,02-0,02-0,2):	97,572.47
Elder Ray (13):	-1,052.10
Super Trend (3,10):	97,632.52
Zig ZAG (10):	95,917.51
VORTEX (21):	0.8300
Stochastique (14,3,5):	12.30
TEMA (21):	96,214.78
Williams %R (14):	-94.03
Chande Momentum Oscillator (20):	-2,501.80
Repulse (5,40,3):	-0.6100
ROCnROLL:	2
TRIX (15,9):	-0.0500
Courbe Coppock:	3.47

MA7:	95,490.42
MA20:	87,459.05
MA50:	75,027.80
MA100:	67,780.58
MAexp7:	96,503.46
MAexp20:	97,267.01
MAexp50:	97,699.10
MAexp100:	97,059.83
Price / MA7:	+0.94%
Price / MA20:	+10.21%
Price / MA50:	+28.47%
Price / MA100:	+42.21%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.90%
Price / MAexp50:	-1.34%
Price / MAexp100:	-0.69%

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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