BITCOIN - BTC/USDT - 1H - Technical analysis published on 10/22/2020 (GMT)
- 133
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 12,888.50 USDT
My targets
-
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 12,888.50 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, 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
7.9
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This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 13,056.18 USDT. On the day, this instrument gained +2.13% and was between 12,685.71 USDT and 13,064.92 USDT. This implies that the price is at +2.92% from its lowest and at -0.07% from its highest.12,685.71
13,064.92
13,056.18
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
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
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
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 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 11,525.60 | 12,280.20 | 12,888.50 | 13,056.18 | 13,093.50 |
| Change (%) | -11.72% | -5.94% | -1.28% | - | +0.29% |
| Change | -1,530.58 | -775.98 | -167.68 | - | +37.32 |
| Level | Major | Major | Minor | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.83 | |
| MACD (12,26,9): | 111.2500 | |
| Directional Movement: | 12.39 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 12,994.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,990.86 | |
| Elder Ray (13): | 64.47 | |
| Super Trend (3,10): | 12,608.44 | |
| Zig ZAG (10): | 12,984.03 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 76.13 | |
| TEMA (21): | 12,947.72 | |
| Williams %R (14): | -16.41 | |
| Chande Momentum Oscillator (20): | 209.49 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 1.38 |
| MA7: | 11,939.73 | |
| MA20: | 11,369.50 | |
| MA50: | 10,890.21 | |
| MA100: | 10,967.63 | |
| MAexp7: | 12,914.11 | |
| MAexp20: | 12,829.25 | |
| MAexp50: | 12,544.71 | |
| MAexp100: | 12,203.03 | |
| Price / MA7: | +9.35% | |
| Price / MA20: | +14.84% | |
| Price / MA50: | +19.89% | |
| Price / MA100: | +19.04% | |
| Price / MAexp7: | +1.10% | |
| Price / MAexp20: | +1.77% | |
| Price / MAexp50: | +4.08% | |
| Price / MAexp100: | +6.99% |
Quotes :
2020-10-22 17:24:17
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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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