BITCOIN - BTC/USDT - 1H - Technical analysis published on 05/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 64,403.18 USDT
My targets
66,817.67 USDT (+3.11%)
71,627.11 USDT (+10.53%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 64,403.18 USDT, you could try to benefit from the boom. The first bullish objective is located at 66,817.67 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 71,627.11 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 64,802.03 USDT. The price has increased by +5.24% since the last closing with the lowest point at 61,339.96 USDT and the highest point at 65,123.53 USDT. The deviation from the price is +5.64% for the low point and -0.49% for the high point.61,339.96
65,123.53
64,802.03
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 63,458.60 | 63,997.23 | 64,403.18 | 64,802.03 | 66,817.67 | 71,627.11 |
| Change (%) | -2.07% | -1.24% | -0.62% | - | +3.11% | +10.53% |
| Change | -1,343.43 | -804.80 | -398.85 | - | +2,015.64 | +6,825.08 |
| Level | Major | Intermediate | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58,802.85 | 59,972.29 | 60,774.15 | 61,943.59 | 62,745.45 | 63,914.89 | 64,716.75 |
| Camarilla | 61,033.89 | 61,214.60 | 61,395.30 | 61,576.00 | 61,756.70 | 61,937.41 | 62,118.11 |
| Woodie | 58,619.05 | 59,880.40 | 60,590.35 | 61,851.70 | 62,561.65 | 63,823.00 | 64,532.95 |
| Fibonacci | 59,972.29 | 60,725.33 | 61,190.56 | 61,943.59 | 62,696.63 | 63,161.86 | 63,914.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,579.64 | 56,896.80 | 58,862.53 | 62,179.69 | 64,145.42 | 67,462.58 | 69,428.31 |
| Camarilla | 59,375.48 | 59,859.74 | 60,344.01 | 60,828.27 | 61,312.54 | 61,796.80 | 62,281.07 |
| Woodie | 52,903.94 | 56,558.94 | 58,186.83 | 61,841.83 | 63,469.72 | 67,124.72 | 68,752.61 |
| Fibonacci | 56,896.80 | 58,914.86 | 60,161.62 | 62,179.69 | 64,197.75 | 65,444.51 | 67,462.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,106.96 | 50,658.51 | 55,666.88 | 64,218.43 | 69,226.80 | 77,778.35 | 82,786.72 |
| Camarilla | 56,946.28 | 58,189.28 | 59,432.27 | 60,675.26 | 61,918.25 | 63,161.25 | 64,404.24 |
| Woodie | 40,335.38 | 49,772.72 | 53,895.30 | 63,332.64 | 67,455.22 | 76,892.56 | 81,015.14 |
| Fibonacci | 50,658.51 | 55,838.40 | 59,038.54 | 64,218.43 | 69,398.32 | 72,598.46 | 77,778.35 |
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): | 84.30 | |
| MACD (12,26,9): | 681.7800 | |
| Directional Movement: | 32.25 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 63,732.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,839.43 | |
| Elder Ray (13): | 1,522.67 | |
| Super Trend (3,10): | 63,278.11 | |
| Zig ZAG (10): | 64,843.81 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 92.19 | |
| TEMA (21): | 64,321.88 | |
| Williams %R (14): | -9.28 | |
| Chande Momentum Oscillator (20): | 2,912.33 | |
| Repulse (5,40,3): | 1.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 7.19 |
| MA7: | 62,215.91 | |
| MA20: | 62,285.52 | |
| MA50: | 65,162.64 | |
| MA100: | 62,362.30 | |
| MAexp7: | 64,009.49 | |
| MAexp20: | 63,007.38 | |
| MAexp50: | 62,424.69 | |
| MAexp100: | 62,185.27 | |
| Price / MA7: | +4.16% | |
| Price / MA20: | +4.04% | |
| Price / MA50: | -0.55% | |
| Price / MA100: | +3.91% | |
| Price / MAexp7: | +1.24% | |
| Price / MAexp20: | +2.85% | |
| Price / MAexp50: | +3.81% | |
| Price / MAexp100: | +4.21% |
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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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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