Londinia Opportunities Analyses - 12/29/2024 (GMT) BITCOIN - BTC/ETH - 1H
| Type: | Cryptocurrencies |
| Ticker: | BTCETH |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 28.11 ETH
My targets
27.54 ETH (-1.40%)
27.23 ETH (-2.51%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/ETH as long as the price remains well below 28.11 ETH. The sellers' bearish objective is set at 27.54 ETH. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.23 ETH. In case of crossing, the next objective would be the support located at 25.95 ETH. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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.
Additional analysis
Quotes
The BITCOIN - BTC/ETH rating is 27.93 ETH. On the day, this instrument lost -0.25% and was between 27.90 ETH and 28.15 ETH. This implies that the price is at +0.11% from its lowest and at -0.78% from its highest.27.90
28.15
27.93
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/ETH in 1H shows a overall strongly bearish trend. 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 market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
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 support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.23 | 27.54 | 27.81 | 27.93 | 28.11 | 28.56 | 28.90 |
| Change (%) | -2.51% | -1.40% | -0.43% | - | +0.64% | +2.26% | +3.47% |
| Change | -0.70 | -0.39 | -0.12 | - | +0.18 | +0.63 | +0.97 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 27.31 | 27.60 | 27.80 | 28.09 | 28.29 | 28.58 | 28.78 |
| Camarilla | 27.87 | 27.91 | 27.96 | 28.00 | 28.05 | 28.09 | 28.14 |
| Woodie | 27.27 | 27.58 | 27.76 | 28.07 | 28.25 | 28.56 | 28.74 |
| Fibonacci | 27.60 | 27.79 | 27.90 | 28.09 | 28.28 | 28.39 | 28.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.96 | 26.09 | 27.05 | 28.18 | 29.14 | 30.27 | 31.23 |
| Camarilla | 27.43 | 27.62 | 27.81 | 28.00 | 28.19 | 28.38 | 28.58 |
| Woodie | 24.87 | 26.05 | 26.96 | 28.14 | 29.05 | 30.23 | 31.14 |
| Fibonacci | 26.09 | 26.89 | 27.39 | 28.18 | 28.98 | 29.48 | 30.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.35 | 20.41 | 23.22 | 27.28 | 30.09 | 34.15 | 36.96 |
| Camarilla | 24.14 | 24.77 | 25.40 | 26.03 | 26.66 | 27.29 | 27.92 |
| Woodie | 15.73 | 20.10 | 22.60 | 26.97 | 29.47 | 33.84 | 36.34 |
| Fibonacci | 20.41 | 23.03 | 24.66 | 27.28 | 29.90 | 31.53 | 34.15 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.14 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | -8.32 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 27.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.14 | |
| Elder Ray (13): | -0.07 | |
| Super Trend (3,10): | 28.20 | |
| Zig ZAG (10): | 27.95 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 28.00 | |
| TEMA (21): | 27.97 | |
| Williams %R (14): | -80.00 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.12 |
| MA7: | 28.20 | |
| MA20: | 27.55 | |
| MA50: | 27.45 | |
| MA100: | 26.69 | |
| MAexp7: | 28.00 | |
| MAexp20: | 28.04 | |
| MAexp50: | 28.16 | |
| MAexp100: | 28.24 | |
| Price / MA7: | -0.96% | |
| Price / MA20: | +1.38% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | +4.65% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -0.82% | |
| Price / MAexp100: | -1.10% |
Quotes :
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Real time data
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Cryptocompare