BITCOIN - BTC/USD - 1H - Technical analysis published on 08/15/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 9,844.73 USD
My targets
7,647.80 USD (-19.82%)
5,875.21 USD (-38.40%)
My analysis
The bearish trend is currently very strong for Bitcoin - BTC/USD. As long as the price remains below the resistance at 9,844.73 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 7,647.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,875.21 USD as an objective. Crossing it would then enable sellers to target 4,096.58 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.
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 emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin - BTC/USD rating 9,537.82 USD. The price is lower by -4.85% since the last closing with the lowest point at 9,474.71 USD and the highest point at 10,203.48 USD. The deviation from the price is +0.67% for the low point and -6.52% for the high point.9,474.71
10,203.48
9,537.82
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
![Central Gaps Central Gaps](https://www.centralcharts.com/medias/screeners/logo/CentralGaps.png)
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
![Central Indicators Central Indicators](https://www.centralcharts.com/medias/screeners/logo/CentralIndicators.png)
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
![Central Indicators Central Indicators](https://www.centralcharts.com/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 4,096.58 | 5,875.21 | 7,647.80 | 9,537.82 | 9,844.73 | 10,017.50 | 10,645.30 |
Change (%) | -57.05% | -38.40% | -19.82% | - | +3.22% | +5.03% | +11.61% |
Change | -5,441.24 | -3,662.61 | -1,890.02 | - | +306.91 | +479.68 | +1,107.48 |
Level | Minor | Intermediate | 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 | 8,694.55 | 9,295.59 | 9,659.50 | 10,260.54 | 10,624.45 | 11,225.49 | 11,589.40 |
Camarilla | 9,758.05 | 9,846.50 | 9,934.96 | 10,023.41 | 10,111.86 | 10,200.32 | 10,288.77 |
Woodie | 8,575.99 | 9,236.31 | 9,540.94 | 10,201.26 | 10,505.89 | 11,166.21 | 11,470.84 |
Fibonacci | 9,295.59 | 9,664.20 | 9,891.93 | 10,260.54 | 10,629.15 | 10,856.88 | 11,225.49 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 329.53 | 362.03 | 380.52 | 413.02 | 431.51 | 464.01 | 482.50 |
Camarilla | 385.00 | 389.67 | 394.35 | 399.02 | 403.69 | 408.37 | 413.04 |
Woodie | 322.54 | 358.53 | 373.53 | 409.52 | 424.52 | 460.51 | 475.51 |
Fibonacci | 362.03 | 381.51 | 393.54 | 413.02 | 432.50 | 444.53 | 464.01 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 8,627.19 | 6,356.49 | 8,947.45 | 6,676.75 | 9,267.71 | 6,997.01 | 9,587.97 |
Camarilla | 11,450.33 | 11,479.69 | 11,509.04 | 11,538.40 | 11,567.76 | 11,597.12 | 11,626.47 |
Woodie | 11,058.01 | 7,571.91 | 11,378.27 | 7,892.17 | 11,698.53 | 8,212.43 | 12,018.79 |
Fibonacci | 6,356.49 | 6,478.83 | 6,554.41 | 6,676.75 | 6,799.09 | 6,874.67 | 6,997.01 |
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): | 15.68 | |
MACD (12,26,9): | -247.7100 | |
Directional Movement: | -32.94 | |
AROON (14): | -100.00 | |
DEMA (21): | 9,768.69 | |
Parabolic SAR (0,02-0,02-0,2): | 10,126.43 | |
Elder Ray (13): | -313.43 | |
Super Trend (3,10): | 10,078.07 | |
Zig ZAG (10): | 9,608.08 | |
VORTEX (21): | 0.7200 | |
Stochastique (14,3,5): | 6.98 | |
TEMA (21): | 9,686.22 | |
Williams %R (14): | -97.41 | |
Chande Momentum Oscillator (20): | -554.10 | |
Repulse (5,40,3): | -2.7000 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.2900 | |
Courbe Coppock: | 10.11 |
MA7: | 9,835.86 | |
MA20: | 10,468.65 | |
MA50: | 10,718.62 | |
MA100: | 9,635.03 | |
MAexp7: | 9,788.02 | |
MAexp20: | 10,071.04 | |
MAexp50: | 10,455.87 | |
MAexp100: | 10,802.74 | |
Price / MA7: | -3.03% | |
Price / MA20: | -8.89% | |
Price / MA50: | -11.02% | |
Price / MA100: | -1.01% | |
Price / MAexp7: | -2.56% | |
Price / MAexp20: | -5.29% | |
Price / MAexp50: | -8.78% | |
Price / MAexp100: | -11.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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