BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/03/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 30,376.53 USDT
My targets
32,947.80 USDT (+0.56%)
35,058.15 USDT (+7.00%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 30,376.53 USDT remains possible. It is advisable to trade BITCOIN - BTC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 30,376.53 USDT. The next bullish objective for buyers is set at 32,947.80 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 35,058.15 USDT. If there is any crossing, the next objective would be the resistance located at 37,940.73 USDT. PS: if there is a bearish break in the support located at 30,376.53 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2
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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 32,763.19 USDT. On the day, this instrument gained +1.83% and was traded between 32,000.42 USDT and 34,760.31 USDT over the period. The price is currently at +2.38% from its lowest and -5.75% from its highest.32,000.42
34,760.31
32,763.19
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
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 bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 27,455.90 | 28,391.30 | 29,296.30 | 32,763.19 |
Change (%) | -16.20% | -13.34% | -10.58% | - |
Change | -5,307.29 | -4,371.89 | -3,466.89 | - |
Level | Minor | Intermediate | 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 | 25,370.08 | 27,164.59 | 29,670.08 | 31,464.59 | 33,970.09 | 35,764.60 | 38,270.09 |
Camarilla | 30,993.08 | 31,387.25 | 31,781.41 | 32,175.58 | 32,569.75 | 32,963.91 | 33,358.08 |
Woodie | 25,725.58 | 27,342.34 | 30,025.58 | 31,642.34 | 34,325.58 | 35,942.34 | 38,625.58 |
Fibonacci | 27,164.59 | 28,807.19 | 29,821.99 | 31,464.59 | 33,107.19 | 34,121.99 | 35,764.60 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19,929.75 | 22,812.33 | 27,493.95 | 30,376.53 | 35,058.15 | 37,940.73 | 42,622.36 |
Camarilla | 30,095.43 | 30,788.81 | 31,482.19 | 32,175.58 | 32,868.97 | 33,562.35 | 34,255.73 |
Woodie | 20,829.28 | 23,262.09 | 28,393.48 | 30,826.29 | 35,957.68 | 38,390.49 | 43,521.88 |
Fibonacci | 22,812.33 | 25,701.85 | 27,487.00 | 30,376.53 | 33,266.05 | 35,051.20 | 37,940.73 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 9,545.20 | 13,571.70 | 21,246.50 | 25,273.00 | 32,947.80 | 36,974.30 | 44,649.10 |
Camarilla | 25,703.44 | 26,776.06 | 27,848.68 | 28,921.30 | 29,993.92 | 31,066.54 | 32,139.16 |
Woodie | 11,369.35 | 14,483.78 | 23,070.65 | 26,185.08 | 34,771.95 | 37,886.38 | 46,473.25 |
Fibonacci | 13,571.70 | 18,041.60 | 20,803.10 | 25,273.00 | 29,742.90 | 32,504.40 | 36,974.30 |
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): | 47.09 | |
MACD (12,26,9): | 338.2400 | |
Directional Movement: | -3.37 | |
AROON (14): | -78.57 | |
DEMA (21): | 33,701.10 | |
Parabolic SAR (0,02-0,02-0,2): | 34,490.30 | |
Elder Ray (13): | -521.14 | |
Super Trend (3,10): | 32,187.89 | |
Zig ZAG (10): | 32,485.98 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 16.26 | |
TEMA (21): | 33,344.40 | |
Williams %R (14): | -88.51 | |
Chande Momentum Oscillator (20): | -1,832.87 | |
Repulse (5,40,3): | -1.3000 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.3000 | |
Courbe Coppock: | 0.03 |
MA7: | 29,484.80 | |
MA20: | 25,564.09 | |
MA50: | 21,263.10 | |
MA100: | 16,971.72 | |
MAexp7: | 33,087.43 | |
MAexp20: | 33,095.92 | |
MAexp50: | 31,997.23 | |
MAexp100: | 30,651.25 | |
Price / MA7: | +11.12% | |
Price / MA20: | +28.16% | |
Price / MA50: | +54.08% | |
Price / MA100: | +93.05% | |
Price / MAexp7: | -0.98% | |
Price / MAexp20: | -1.01% | |
Price / MAexp50: | +2.39% | |
Price / MAexp100: | +6.89% |
Quotes :
2021-01-03 19:59:54
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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