BITCOIN - BTC/USDT - 1H - Technical analysis published on 10/22/2020 (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
22%
39%
39%
My opinion
Bullish above 12,280.20 USDT
My targets
12,888.50 USDT (+1.12%)
13,093.50 USDT (+2.73%)
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 12,888.50 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13,093.50 USDT as an objective. 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
BITCOIN - BTC/USDT rating 12,745.23 USDT. The price is lower by -0.31% since the last closing and was between 12,685.71 USDT and 12,926.15 USDT. This implies that the price is at +0.47% from its lowest and at -1.40% from its highest.12,685.71
12,926.15
12,745.23
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Near a 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11,266.00 | 11,525.60 | 12,280.20 | 12,745.23 | 12,888.50 | 13,093.50 |
| Change (%) | -11.61% | -9.57% | -3.65% | - | +1.12% | +2.73% |
| Change | -1,479.23 | -1,219.63 | -465.03 | - | +143.27 | +348.27 |
| Level | Intermediate | Major | Major | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,729.80 | 11,308.55 | 12,046.40 | 12,625.15 | 13,363.00 | 13,941.75 | 14,679.60 |
| Camarilla | 12,422.20 | 12,542.88 | 12,663.57 | 12,784.26 | 12,904.95 | 13,025.64 | 13,146.33 |
| Woodie | 10,809.36 | 11,348.33 | 12,125.96 | 12,664.93 | 13,442.56 | 13,981.53 | 14,759.16 |
| Fibonacci | 11,308.55 | 11,811.49 | 12,122.21 | 12,625.15 | 13,128.09 | 13,438.81 | 13,941.75 |
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): | 57.52 | |
| MACD (12,26,9): | 169.0900 | |
| Directional Movement: | 18.27 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 12,922.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,183.75 | |
| Elder Ray (13): | -19.44 | |
| Super Trend (3,10): | 12,599.38 | |
| Zig ZAG (10): | 12,731.20 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 25.58 | |
| TEMA (21): | 12,898.87 | |
| Williams %R (14): | -89.62 | |
| Chande Momentum Oscillator (20): | -55.95 | |
| Repulse (5,40,3): | -0.9700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 4.07 |
| MA7: | 11,903.39 | |
| MA20: | 11,359.78 | |
| MA50: | 10,886.35 | |
| MA100: | 10,965.74 | |
| MAexp7: | 12,780.00 | |
| MAexp20: | 12,680.12 | |
| MAexp50: | 12,336.77 | |
| MAexp100: | 12,019.98 | |
| Price / MA7: | +7.07% | |
| Price / MA20: | +12.20% | |
| Price / MA50: | +17.08% | |
| Price / MA100: | +16.23% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | +3.31% | |
| Price / MAexp100: | +6.03% |
Quotes :
2020-10-22 05:00:15
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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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