BITCOIN - BTC/USDT - 1H - Technical analysis published on 10/21/2020 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 12,280.20 USDT
My targets
13,093.50 USDT (+1.95%)
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 12,280.20 USDT. The next resistance located at 13,093.50 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 12,843.63 USDT. The price has increased by +7.86% since the last closing and was between 11,887.29 USDT and 13,203.89 USDT. This implies that the price is at +8.05% from its lowest and at -2.73% from its highest.11,887.29
13,203.89
12,843.63
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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Parabolic SAR indicator bullish reversal
Type : Bullish
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
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 | 12,843.63 | 13,093.50 |
| Change (%) | -8.76% | -6.74% | -4.39% | - | +1.95% |
| Change | -1,125.13 | -865.13 | -563.43 | - | +249.87 |
| 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 82.22 | |
| MACD (12,26,9): | 253.7900 | |
| Directional Movement: | 38.90 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 12,877.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,653.69 | |
| Elder Ray (13): | 296.37 | |
| Super Trend (3,10): | 12,578.70 | |
| Zig ZAG (10): | 13,074.23 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 93.59 | |
| TEMA (21): | 12,970.19 | |
| Williams %R (14): | -4.59 | |
| Chande Momentum Oscillator (20): | 829.32 | |
| Repulse (5,40,3): | 2.4100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 10.42 |
| MA7: | 11,774.73 | |
| MA20: | 11,260.73 | |
| MA50: | 10,863.11 | |
| MA100: | 10,932.93 | |
| MAexp7: | 12,837.01 | |
| MAexp20: | 12,549.80 | |
| MAexp50: | 12,182.56 | |
| MAexp100: | 11,897.83 | |
| Price / MA7: | +9.08% | |
| Price / MA20: | +14.06% | |
| Price / MA50: | +18.23% | |
| Price / MA100: | +17.48% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +2.34% | |
| Price / MAexp50: | +5.43% | |
| Price / MAexp100: | +7.95% |
Quotes :
2020-10-21 23:15:07
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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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