BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/10/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10,242.50 USDT
My targets
10,620.50 USDT (+2.04%)
11,355.50 USDT (+9.10%)
My analysis
BITCOIN - BTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 10,242.50 USDT. The next resistance located at 10,620.50 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11,355.50 USDT. After this resistance, buyers could then target 11,919.70 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8
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This analysis was given by Monocle360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 10,408.52 USDT. The price registered an increase of +1.85% on the session and was between 10,210.07 USDT and 10,412.88 USDT. This implies that the price is at +1.94% from its lowest and at -0.04% from its highest.10,210.07
10,412.88
10,408.52
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,125.47 | 9,874.08 | 10,242.50 | 10,408.52 | 10,620.50 | 11,355.50 | 11,919.70 |
| Change (%) | -12.33% | -5.13% | -1.60% | - | +2.04% | +9.10% | +14.52% |
| Change | -1,283.05 | -534.44 | -166.02 | - | +211.98 | +946.98 | +1,511.18 |
| Level | Major | Intermediate | Major | - | Minor | Intermediate | Major |
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 | 9,665.60 | 9,824.30 | 10,022.03 | 10,180.73 | 10,378.46 | 10,537.16 | 10,734.89 |
| Camarilla | 10,121.74 | 10,154.41 | 10,187.09 | 10,219.76 | 10,252.43 | 10,285.11 | 10,317.78 |
| Woodie | 9,685.12 | 9,834.06 | 10,041.55 | 10,190.49 | 10,397.98 | 10,546.92 | 10,754.41 |
| Fibonacci | 9,824.30 | 9,960.46 | 10,044.57 | 10,180.73 | 10,316.89 | 10,401.00 | 10,537.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,185.21 | 8,534.35 | 9,350.31 | 10,699.46 | 11,515.42 | 12,864.57 | 13,680.53 |
| Camarilla | 9,570.88 | 9,769.34 | 9,967.81 | 10,166.28 | 10,364.75 | 10,563.22 | 10,761.69 |
| Woodie | 6,918.62 | 8,401.05 | 9,083.73 | 10,566.16 | 11,248.84 | 12,731.27 | 13,413.94 |
| Fibonacci | 8,534.35 | 9,361.42 | 9,872.39 | 10,699.46 | 11,526.53 | 12,037.50 | 12,864.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,387.97 | 10,158.93 | 10,905.07 | 11,676.03 | 12,422.17 | 13,193.13 | 13,939.27 |
| Camarilla | 11,234.00 | 11,373.07 | 11,512.13 | 11,651.20 | 11,790.27 | 11,929.34 | 12,068.40 |
| Woodie | 9,375.55 | 10,152.73 | 10,892.65 | 11,669.83 | 12,409.75 | 13,186.93 | 13,926.85 |
| Fibonacci | 10,158.93 | 10,738.47 | 11,096.50 | 11,676.03 | 12,255.57 | 12,613.60 | 13,193.13 |
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): | 61.70 | |
| MACD (12,26,9): | 32.4300 | |
| Directional Movement: | 11.34 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 10,343.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,248.69 | |
| Elder Ray (13): | 56.57 | |
| Super Trend (3,10): | 10,183.40 | |
| Zig ZAG (10): | 10,378.78 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 74.02 | |
| TEMA (21): | 10,353.78 | |
| Williams %R (14): | -2.15 | |
| Chande Momentum Oscillator (20): | 28.91 | |
| Repulse (5,40,3): | 1.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.02 |
| MA7: | 10,285.40 | |
| MA20: | 11,046.79 | |
| MA50: | 11,209.36 | |
| MA100: | 10,281.20 | |
| MAexp7: | 10,334.77 | |
| MAexp20: | 10,296.43 | |
| MAexp50: | 10,245.44 | |
| MAexp100: | 10,270.60 | |
| Price / MA7: | +1.20% | |
| Price / MA20: | -5.78% | |
| Price / MA50: | -7.14% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | +1.34% |
Quotes :
2020-09-10 13:40:37
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Real time data
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Cryptocompare
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