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
78%
6%
17%
My opinion
Bullish above 12,280.20 USDT
My targets
13,093.50 USDT (+1.08%)
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.
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
8.4
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Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 12,953.17 USDT. The price has increased by +8.78% since the last closing and was between 11,887.29 USDT and 13,005.31 USDT. This implies that the price is at +8.97% from its lowest and at -0.40% from its highest.11,887.29
13,005.31
12,953.17
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 11,718.50 | 11,978.50 | 12,280.20 | 12,953.17 | 13,093.50 |
| Change (%) | -9.53% | -7.52% | -5.20% | - | +1.08% |
| Change | -1,234.67 | -974.67 | -672.97 | - | +140.33 |
| 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 75.20 | |
| MACD (12,26,9): | 225.7700 | |
| Directional Movement: | 31.36 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 12,737.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,883.71 | |
| Elder Ray (13): | 141.23 | |
| Super Trend (3,10): | 12,433.19 | |
| Zig ZAG (10): | 12,724.34 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 78.01 | |
| TEMA (21): | 12,815.61 | |
| Williams %R (14): | -21.49 | |
| Chande Momentum Oscillator (20): | 576.73 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 8.92 |
| MA7: | 11,727.72 | |
| MA20: | 11,247.57 | |
| MA50: | 10,857.74 | |
| MA100: | 10,930.03 | |
| MAexp7: | 12,687.09 | |
| MAexp20: | 12,446.75 | |
| MAexp50: | 12,112.66 | |
| MAexp100: | 11,852.19 | |
| Price / MA7: | +10.45% | |
| Price / MA20: | +15.16% | |
| Price / MA50: | +19.30% | |
| Price / MA100: | +18.51% | |
| Price / MAexp7: | +2.10% | |
| Price / MAexp20: | +4.07% | |
| Price / MAexp50: | +6.94% | |
| Price / MAexp100: | +9.29% |
Quotes :
2020-10-21 22:18:01
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Real time data
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Cryptocompare
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