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
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This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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:
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
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:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
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 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
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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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