BITCOIN - BTC/USDT - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 9,126.42 USDT
My targets
9,373.42 USDT (+0.96%)
9,466.56 USDT (+1.96%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 9,126.42 USDT. The buyers” bullish objective is set at 9,373.42 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,466.56 USDT. If there is any crossing, the next objective would be the resistance located at 9,684.99 USDT.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by hamham. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 9,284.39 USDT. The price is lower by -0.17% since the last closing and was traded between 9,248.53 USDT and 9,318.80 USDT over the period. The price is currently at +0.39% from its lowest and -0.37% from its highest.9,248.53
9,318.80
9,284.39
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USDT in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,022.19 | 9,126.42 | 9,250.58 | 9,284.39 | 9,373.42 | 9,466.56 | 9,684.99 |
| Change (%) | -2.82% | -1.70% | -0.36% | - | +0.96% | +1.96% | +4.31% |
| Change | -262.20 | -157.97 | -33.81 | - | +89.03 | +182.17 | +400.60 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,025.56 | 9,094.37 | 9,197.31 | 9,266.12 | 9,369.06 | 9,437.87 | 9,540.81 |
| Camarilla | 9,253.02 | 9,268.76 | 9,284.51 | 9,300.25 | 9,315.99 | 9,331.74 | 9,347.48 |
| Woodie | 9,042.63 | 9,102.90 | 9,214.38 | 9,274.65 | 9,386.13 | 9,446.40 | 9,557.88 |
| Fibonacci | 9,094.37 | 9,159.98 | 9,200.51 | 9,266.12 | 9,331.73 | 9,372.26 | 9,437.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,410.12 | 8,668.02 | 8,951.06 | 9,208.96 | 9,492.00 | 9,749.90 | 10,032.94 |
| Camarilla | 9,085.34 | 9,134.93 | 9,184.51 | 9,234.10 | 9,283.69 | 9,333.27 | 9,382.86 |
| Woodie | 8,422.69 | 8,674.31 | 8,963.63 | 9,215.25 | 9,504.57 | 9,756.19 | 10,045.51 |
| Fibonacci | 8,668.02 | 8,874.66 | 9,002.32 | 9,208.96 | 9,415.60 | 9,543.26 | 9,749.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,120.00 | 7,990.94 | 8,564.13 | 9,435.07 | 10,008.26 | 10,879.20 | 11,452.39 |
| Camarilla | 8,740.20 | 8,872.57 | 9,004.95 | 9,137.33 | 9,269.71 | 9,402.09 | 9,534.47 |
| Woodie | 6,971.14 | 7,916.50 | 8,415.27 | 9,360.63 | 9,859.40 | 10,804.76 | 11,303.53 |
| Fibonacci | 7,990.94 | 8,542.60 | 8,883.41 | 9,435.07 | 9,986.72 | 10,327.54 | 10,879.20 |
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): | 57.54 | |
| MACD (12,26,9): | 9.3100 | |
| Directional Movement: | 2.24 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 9,279.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,197.35 | |
| Elder Ray (13): | 9.29 | |
| Super Trend (3,10): | 9,210.59 | |
| Zig ZAG (10): | 9,284.39 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 63.27 | |
| TEMA (21): | 9,283.35 | |
| Williams %R (14): | -37.66 | |
| Chande Momentum Oscillator (20): | -8.51 | |
| Repulse (5,40,3): | 0.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.83 |
| MA7: | 9,290.29 | |
| MA20: | 9,200.24 | |
| MA50: | 9,386.49 | |
| MA100: | 8,805.07 | |
| MAexp7: | 9,276.31 | |
| MAexp20: | 9,267.10 | |
| MAexp50: | 9,256.20 | |
| MAexp100: | 9,251.76 | |
| Price / MA7: | -0.06% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | -1.09% | |
| Price / MA100: | +5.44% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.35% |
Quotes :
2020-07-13 09:55:19
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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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