BITCOIN - BTC/USDT - 1H - Technical analysis published on 10/21/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 12,280.20 USDT
My targets
13,093.50 USDT (+3.07%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 12,280.20 USDT, you could try to benefit from the boom. The first bullish objective is located at 13,093.50 USDT. The bullish momentum would be boosted by a break in this resistance. 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
9.1
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Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 12,702.94 USDT. The price has increased by +6.68% since the last closing and was traded between 11,887.29 USDT and 12,762.44 USDT over the period. The price is currently at +6.86% from its lowest and -0.47% from its highest.11,887.29
12,762.44
12,702.94
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 17 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 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 11,718.50 | 11,978.50 | 12,280.20 | 12,702.94 | 13,093.50 |
| Change (%) | -7.75% | -5.70% | -3.33% | - | +3.07% |
| Change | -984.44 | -724.44 | -422.74 | - | +390.56 |
| Level | Minor | Intermediate | Major | - | 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 | 11,438.62 | 11,560.88 | 11,734.42 | 11,856.68 | 12,030.22 | 12,152.48 | 12,326.02 |
| Camarilla | 11,826.63 | 11,853.74 | 11,880.86 | 11,907.97 | 11,935.08 | 11,962.20 | 11,989.32 |
| Woodie | 11,464.27 | 11,573.70 | 11,760.07 | 11,869.50 | 12,055.87 | 12,165.30 | 12,351.67 |
| Fibonacci | 11,560.88 | 11,673.87 | 11,743.68 | 11,856.68 | 11,969.67 | 12,039.48 | 12,152.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,640.94 | 10,928.22 | 11,143.94 | 11,431.22 | 11,646.94 | 11,934.22 | 12,149.94 |
| Camarilla | 11,221.34 | 11,267.44 | 11,313.55 | 11,359.66 | 11,405.77 | 11,451.88 | 11,497.99 |
| Woodie | 10,605.16 | 10,910.33 | 11,108.16 | 11,413.33 | 11,611.16 | 11,916.33 | 12,114.16 |
| Fibonacci | 10,928.22 | 11,120.37 | 11,239.07 | 11,431.22 | 11,623.37 | 11,742.07 | 11,934.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,551.02 | 8,705.05 | 9,740.53 | 10,894.56 | 11,930.04 | 13,084.07 | 14,119.55 |
| Camarilla | 10,173.89 | 10,374.59 | 10,575.30 | 10,776.00 | 10,976.71 | 11,177.41 | 11,378.12 |
| Woodie | 7,491.74 | 8,675.41 | 9,681.25 | 10,864.92 | 11,870.76 | 13,054.43 | 14,060.26 |
| Fibonacci | 8,705.05 | 9,541.45 | 10,058.17 | 10,894.56 | 11,730.96 | 12,247.68 | 13,084.07 |
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): | 86.76 | |
| MACD (12,26,9): | 184.1900 | |
| Directional Movement: | 45.90 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 12,433.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,238.89 | |
| Elder Ray (13): | 290.75 | |
| Super Trend (3,10): | 12,241.80 | |
| Zig ZAG (10): | 12,722.83 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 95.10 | |
| TEMA (21): | 12,494.88 | |
| Williams %R (14): | -7.45 | |
| Chande Momentum Oscillator (20): | 588.05 | |
| Repulse (5,40,3): | 3.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 6.83 |
| MA7: | 11,720.94 | |
| MA20: | 11,246.85 | |
| MA50: | 10,857.33 | |
| MA100: | 10,929.99 | |
| MAexp7: | 12,412.90 | |
| MAexp20: | 12,201.48 | |
| MAexp50: | 11,941.04 | |
| MAexp100: | 11,738.65 | |
| Price / MA7: | +8.38% | |
| Price / MA20: | +12.95% | |
| Price / MA50: | +17.00% | |
| Price / MA100: | +16.22% | |
| Price / MAexp7: | +2.34% | |
| Price / MAexp20: | +4.11% | |
| Price / MAexp50: | +6.38% | |
| Price / MAexp100: | +8.21% |
Quotes :
2020-10-21 15:03:46
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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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