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 11/26/2024 (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

33%

44%

22%

My opinion

Bearish under 94,038.41 USD

My targets

92,601.27 USD (-0.72%)

91,063.84 USD (-2.37%)

My analysis

The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 94,038.41 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 92,601.27 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 89,481.03 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.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.4

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 rating is 93,275.29 USD. The price registered an increase of +0.28% on the session and was traded between 91,421.69 USD and 95,005.75 USD over the period. The price is currently at +2.03% from its lowest and -1.82% from its highest.

91,421.69

95,005.75

93,275.29

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 several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	89,481.03	91,063.84	92,601.27	93,275.29	94,038.41	95,728.17	97,220.01
Change (%)	-4.07%	-2.37%	-0.72%	-	+0.82%	+2.63%	+4.23%
Change	-3,794.26	-2,211.45	-674.02	-	+763.12	+2,452.88	+3,944.72
Level	Minor	Intermediate	Minor	-	Minor	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	84,403.10	88,504.46	90,759.90	94,861.26	97,116.70	101,218.06	103,473.50
Camarilla	91,267.22	91,849.93	92,432.63	93,015.34	93,598.05	94,180.75	94,763.46
Woodie	83,480.14	88,042.98	89,836.94	94,399.78	96,193.74	100,756.58	102,550.54
Fibonacci	88,504.46	90,932.76	92,432.96	94,861.26	97,289.56	98,789.76	101,218.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80,057.17	84,394.36	91,079.70	95,416.89	102,102.23	106,439.42	113,124.76
Camarilla	94,733.83	95,744.23	96,754.63	97,765.03	98,775.43	99,785.83	100,796.23
Woodie	81,231.24	84,981.40	92,253.77	96,003.93	103,276.30	107,026.46	114,298.83
Fibonacci	84,394.36	88,604.97	91,206.29	95,416.89	99,627.50	102,228.82	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):	30.87
MACD (12,26,9):	-1,056.5600
Directional Movement:	-27.84
AROON (14):	-35.71
DEMA (21):	92,393.20
Parabolic SAR (0,02-0,02-0,2):	94,219.59
Elder Ray (13):	-1,082.11
Super Trend (3,10):	94,991.87
Zig ZAG (10):	92,587.91
VORTEX (21):	0.8500
Stochastique (14,3,5):	26.70
TEMA (21):	92,145.23
Williams %R (14):	-61.06
Chande Momentum Oscillator (20):	-1,804.25
Repulse (5,40,3):	0.5500
ROCnROLL:	2
TRIX (15,9):	-0.1500
Courbe Coppock:	3.18

MA7:	96,241.86
MA20:	89,557.57
MA50:	76,264.68
MA100:	68,471.32
MAexp7:	92,842.42
MAexp20:	93,701.47
MAexp50:	95,241.88
MAexp100:	95,955.04
Price / MA7:	-3.08%
Price / MA20:	+4.15%
Price / MA50:	+22.30%
Price / MA100:	+36.23%
Price / MAexp7:	+0.47%
Price / MAexp20:	-0.45%
Price / MAexp50:	-2.06%
Price / MAexp100:	-2.79%

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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