BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/07/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 48,373.80 USDT
My targets
50,196.80 USDT (+1.32%)
51,755.80 USDT (+4.47%)
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 48,373.80 USDT. The next resistance located at 50,196.80 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 51,755.80 USDT. After this resistance, buyers could then target 52,604.20 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, 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
7.7
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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 49,541.24 USDT. The price has increased by +1.38% since the last closing and was between 48,867.10 USDT and 49,892.30 USDT. This implies that the price is at +1.38% from its lowest and at -0.70% from its highest.48,867.10
49,892.30
49,541.24
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:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45,066.50 | 46,302.60 | 48,373.80 | 49,541.24 | 50,196.80 | 51,755.80 | 52,604.20 |
| Change (%) | -9.03% | -6.54% | -2.36% | - | +1.32% | +4.47% | +6.18% |
| Change | -4,474.74 | -3,238.64 | -1,167.44 | - | +655.56 | +2,214.56 | +3,062.96 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45,481.97 | 46,284.68 | 47,575.25 | 48,377.97 | 49,668.53 | 50,471.25 | 51,761.82 |
| Camarilla | 48,290.17 | 48,482.05 | 48,673.94 | 48,865.82 | 49,057.70 | 49,249.59 | 49,441.47 |
| Woodie | 45,725.90 | 46,406.65 | 47,819.18 | 48,499.93 | 49,912.46 | 50,593.21 | 52,005.74 |
| Fibonacci | 46,284.68 | 47,084.32 | 47,578.33 | 48,377.97 | 49,177.60 | 49,671.61 | 50,471.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,194.12 | 38,623.81 | 43,744.81 | 48,174.51 | 53,295.51 | 57,725.21 | 62,846.21 |
| Camarilla | 46,239.38 | 47,114.86 | 47,990.34 | 48,865.82 | 49,741.30 | 50,616.78 | 51,492.26 |
| Woodie | 34,539.77 | 38,796.63 | 44,090.47 | 48,347.33 | 53,641.17 | 57,898.03 | 63,191.87 |
| Fibonacci | 38,623.81 | 42,272.18 | 44,526.14 | 48,174.51 | 51,822.88 | 54,076.84 | 57,725.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,176.64 | 19,243.27 | 32,199.13 | 45,265.77 | 58,221.63 | 71,288.26 | 84,244.13 |
| Camarilla | 37,998.81 | 40,384.21 | 42,769.60 | 45,155.00 | 47,540.40 | 49,925.79 | 52,311.19 |
| Woodie | 6,121.25 | 19,215.58 | 32,143.75 | 45,238.08 | 58,166.25 | 71,260.58 | 84,188.75 |
| Fibonacci | 19,243.27 | 29,183.86 | 35,325.17 | 45,265.77 | 55,206.36 | 61,347.67 | 71,288.26 |
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): | 60.75 | |
| MACD (12,26,9): | 312.9000 | |
| Directional Movement: | 10.32 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 49,232.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 48,767.51 | |
| Elder Ray (13): | 227.46 | |
| Super Trend (3,10): | 48,185.51 | |
| Zig ZAG (10): | 49,202.98 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 72.89 | |
| TEMA (21): | 49,465.18 | |
| Williams %R (14): | -37.35 | |
| Chande Momentum Oscillator (20): | 901.92 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 5.75 |
| MA7: | 49,083.51 | |
| MA20: | 50,115.01 | |
| MA50: | 42,815.81 | |
| MA100: | 34,519.50 | |
| MAexp7: | 49,249.57 | |
| MAexp20: | 48,905.80 | |
| MAexp50: | 48,639.79 | |
| MAexp100: | 48,565.03 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | +15.71% | |
| Price / MA100: | +43.52% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +2.01% |
Quotes :
2021-03-07 06:52:12
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Real time data
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Cryptocompare
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