BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/03/2021 (GMT)

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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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: Neutral
De fond: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 30,376.53 USDT
My targets
35,058.15 USDT (+5.92%)
37,940.73 USDT (+14.63%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USDT. As long as you are above the support located at 30,376.53 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 35,058.15 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 37,940.73 USDT as an objective. Crossing it would then enable buyers to target 42,622.36 USDT. If the support 30,376.53 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 33,097.76 USDT. The price registered an increase of +2.87% on the session and was traded between 32,000.42 USDT and 34,760.31 USDT over the period. The price is currently at +3.43% from its lowest and -4.78% from its highest.

32,000.42
34,760.31
33,097.76

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral 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:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner found this result concerning these indicators:

Central Indicators

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near support of channel

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:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 27,455.90 28,391.30 29,296.30 33,097.76
Change (%) -17.05% -14.22% -11.49% -
Change -5,641.86 -4,706.46 -3,801.46 -
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
Standard25,370.0827,164.5929,670.0831,464.5933,970.0935,764.6038,270.09
Camarilla30,993.0831,387.2531,781.4132,175.5832,569.7532,963.9133,358.08
Woodie25,725.5827,342.3430,025.5831,642.3434,325.5835,942.3438,625.58
Fibonacci27,164.5928,807.1929,821.9931,464.5933,107.1934,121.9935,764.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19,929.7522,812.3327,493.9530,376.5335,058.1537,940.7342,622.36
Camarilla30,095.4330,788.8131,482.1932,175.5832,868.9733,562.3534,255.73
Woodie20,829.2823,262.0928,393.4830,826.2935,957.6838,390.4943,521.88
Fibonacci22,812.3325,701.8527,487.0030,376.5333,266.0535,051.2037,940.73


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,545.2013,571.7021,246.5025,273.0032,947.8036,974.3044,649.10
Camarilla25,703.4426,776.0627,848.6828,921.3029,993.9231,066.5432,139.16
Woodie11,369.3514,483.7823,070.6526,185.0834,771.9537,886.3846,473.25
Fibonacci13,571.7018,041.6020,803.1025,273.0029,742.9032,504.4036,974.30

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): 54.85
MACD (12,26,9): 330.8000
Directional Movement: 2.74
AROON (14): -71.43
DEMA (21): 33,770.71
Parabolic SAR (0,02-0,02-0,2): 34,119.07
Elder Ray (13): 91.97
Super Trend (3,10): 32,187.89
Zig ZAG (10): 33,274.54
VORTEX (21): 1.0700
Stochastique (14,3,5): 49.49
TEMA (21): 33,395.23
Williams %R (14): -64.49
Chande Momentum Oscillator (20): -775.21
Repulse (5,40,3): -1.0400
ROCnROLL: -1
TRIX (15,9): 0.2300
Courbe Coppock: 3.42
MA7: 29,572.10
MA20: 25,613.91
MA50: 21,282.51
MA100: 16,981.07
MAexp7: 33,318.04
MAexp20: 33,231.10
MAexp50: 32,178.20
MAexp100: 30,826.05
Price / MA7: +11.92%
Price / MA20: +29.22%
Price / MA50: +55.52%
Price / MA100: +94.91%
Price / MAexp7: -0.66%
Price / MAexp20: -0.40%
Price / MAexp50: +2.86%
Price / MAexp100: +7.37%

Quotes : 2021-01-03 22:42:58 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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