BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 38,715.80 USDT
My targets
40,587.30 USDT (+2.37%)
41,916.80 USDT (+5.72%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 38,715.80 USDT. The buyers” bullish objective is set at 40,587.30 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 41,916.80 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 39,648.01 USDT. The price registered an increase of +6.12% on the session with the lowest point at 36,764.49 USDT and the highest point at 39,739.55 USDT. The deviation from the price is +7.84% for the low point and -0.23% for the high point.36,764.49
39,739.55
39,648.01
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 82.14% 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 36,662.10 | 37,675.30 | 38,715.80 | 39,648.01 | 40,587.30 | 41,916.80 |
| Change (%) | -7.53% | -4.98% | -2.35% | - | +2.37% | +5.72% |
| Change | -2,985.91 | -1,972.71 | -932.21 | - | +939.29 | +2,268.79 |
| Level | Major | Minor | Intermediate | - | Major | 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 | 28,566.56 | 30,487.59 | 33,925.25 | 35,846.28 | 39,283.94 | 41,204.97 | 44,642.63 |
| Camarilla | 35,889.27 | 36,380.48 | 36,871.70 | 37,362.91 | 37,854.12 | 38,345.34 | 38,836.55 |
| Woodie | 29,324.88 | 30,866.75 | 34,683.57 | 36,225.44 | 40,042.26 | 41,584.13 | 45,400.94 |
| Fibonacci | 30,487.59 | 32,534.61 | 33,799.26 | 35,846.28 | 37,893.30 | 39,157.95 | 41,204.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,653.43 | 23,670.42 | 31,882.83 | 36,899.82 | 45,112.23 | 50,129.22 | 58,341.63 |
| Camarilla | 36,457.17 | 37,669.86 | 38,882.56 | 40,095.25 | 41,307.94 | 42,520.64 | 43,733.33 |
| Woodie | 20,251.15 | 24,469.28 | 33,480.55 | 37,698.68 | 46,709.95 | 50,928.08 | 59,939.35 |
| Fibonacci | 23,670.42 | 28,724.05 | 31,846.19 | 36,899.82 | 41,953.45 | 45,075.59 | 50,129.22 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 69.41 | |
| MACD (12,26,9): | 863.5000 | |
| Directional Movement: | 18.54 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 38,777.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 37,502.16 | |
| Elder Ray (13): | 797.55 | |
| Super Trend (3,10): | 37,107.16 | |
| Zig ZAG (10): | 39,156.42 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 90.99 | |
| TEMA (21): | 39,165.06 | |
| Williams %R (14): | -4.79 | |
| Chande Momentum Oscillator (20): | 1,778.24 | |
| Repulse (5,40,3): | 2.8600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.3600 | |
| Courbe Coppock: | 7.57 |
| MA7: | 37,871.48 | |
| MA20: | 33,312.61 | |
| MA50: | 25,450.02 | |
| MA100: | 19,867.49 | |
| MAexp7: | 38,624.06 | |
| MAexp20: | 37,500.93 | |
| MAexp50: | 36,401.57 | |
| MAexp100: | 36,279.09 | |
| Price / MA7: | +4.69% | |
| Price / MA20: | +19.02% | |
| Price / MA50: | +55.79% | |
| Price / MA100: | +99.56% | |
| Price / MAexp7: | +2.66% | |
| Price / MAexp20: | +5.74% | |
| Price / MAexp50: | +8.93% | |
| Price / MAexp100: | +9.30% |
Quotes :
2021-01-14 15:11:00
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Real time data
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Cryptocompare
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