BITCOIN - BTC/USD - 1H - Technical analysis published on 12/19/2024 (GMT)
- 72
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . 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
0
10
5.4
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This analysis was given by amrmoussa. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 101,681.09 USD. On the day, this instrument gained +1.53% with the lowest point at 98,715.32 USD and the highest point at 101,786.70 USD. The deviation from the price is +3.00% for the low point and -0.10% for the high point.98,715.32
101,786.70
101,681.09
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 97,250.90 | 99,008.00 | 100,607.62 | 101,681.09 | 102,615.40 | 105,361.96 | 108,345.20 |
| Change (%) | -4.36% | -2.63% | -1.06% | - | +0.92% | +3.62% | +6.55% |
| Change | -4,430.19 | -2,673.09 | -1,073.47 | - | +934.31 | +3,680.87 | +6,664.11 |
| Level | Minor | Major | Minor | - | 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 | 91,434.38 | 95,710.24 | 97,931.05 | 102,206.91 | 104,427.72 | 108,703.58 | 110,924.39 |
| Camarilla | 98,365.29 | 98,960.81 | 99,556.34 | 100,151.87 | 100,747.40 | 101,342.93 | 101,938.45 |
| Woodie | 90,406.87 | 95,196.48 | 96,903.54 | 101,693.15 | 103,400.21 | 108,189.82 | 109,896.88 |
| Fibonacci | 95,710.24 | 98,191.97 | 99,725.18 | 102,206.91 | 104,688.64 | 106,221.85 | 108,703.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87,906.86 | 91,104.48 | 96,253.72 | 99,451.34 | 104,600.58 | 107,798.20 | 112,947.44 |
| Camarilla | 99,107.56 | 99,872.69 | 100,637.82 | 101,402.95 | 102,168.08 | 102,933.21 | 103,698.34 |
| Woodie | 88,882.66 | 91,592.39 | 97,229.52 | 99,939.25 | 105,576.38 | 108,286.11 | 113,923.24 |
| Fibonacci | 91,104.48 | 94,292.98 | 96,262.84 | 99,451.34 | 102,639.84 | 104,609.70 | 107,798.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,633.51 | 54,715.41 | 75,594.23 | 87,676.13 | 108,554.95 | 120,636.85 | 141,515.67 |
| Camarilla | 87,408.84 | 90,430.24 | 93,451.64 | 96,473.04 | 99,494.44 | 102,515.84 | 105,537.24 |
| Woodie | 47,031.96 | 56,914.64 | 79,992.68 | 89,875.36 | 112,953.40 | 122,836.08 | 145,914.12 |
| Fibonacci | 54,715.41 | 67,306.41 | 75,085.14 | 87,676.13 | 100,267.13 | 108,045.86 | 120,636.85 |
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): | 43.94 | |
| MACD (12,26,9): | -933.4100 | |
| Directional Movement: | -15.63 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 100,621.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 98,774.52 | |
| Elder Ray (13): | 45.89 | |
| Super Trend (3,10): | 103,037.21 | |
| Zig ZAG (10): | 101,348.67 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 42.80 | |
| TEMA (21): | 100,413.27 | |
| Williams %R (14): | -55.50 | |
| Chande Momentum Oscillator (20): | 671.23 | |
| Repulse (5,40,3): | 0.6000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 5.10 |
| MA7: | 103,041.29 | |
| MA20: | 99,938.75 | |
| MA50: | 91,394.57 | |
| MA100: | 77,778.40 | |
| MAexp7: | 101,282.09 | |
| MAexp20: | 101,944.29 | |
| MAexp50: | 103,334.22 | |
| MAexp100: | 103,547.61 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +11.26% | |
| Price / MA100: | +30.73% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -1.60% | |
| Price / MAexp100: | -1.80% |
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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