BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/22/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 42,676.50 USDT
My targets
43,622.10 USDT (+0.72%)
44,833.80 USDT (+3.51%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BITCOIN - BTC/USDT as long as the price remains well above 42,676.50 USDT. The buyers' bullish objective is set at 43,622.10 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 44,833.80 USDT. If there is any crossing, the next objective would be the resistance located at 46,777.00 USDT. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 43,622.10 USDT. On this resistance, against the trend traders who would like to go short on BITCOIN - BTC/USDT with a bearish signal from their trading strategy, should not hesitate to act.
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
3
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This analysis was given by oliver998. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 43,311.80 USDT. On the day, this instrument gained +6.42% and was traded between 40,582.24 USDT and 43,981.58 USDT over the period. The price is currently at +6.73% from its lowest and -1.52% from its highest.40,582.24
43,981.58
43,311.80
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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 35,840.60 | 40,537.80 | 42,676.50 | 43,311.80 | 43,622.10 | 44,833.80 | 46,777.00 |
| Change (%) | -17.25% | -6.40% | -1.47% | - | +0.72% | +3.51% | +8.00% |
| Change | -7,471.20 | -2,774.00 | -635.30 | - | +310.30 | +1,522.00 | +3,465.20 |
| Level | Minor | Major | Minor | - | Minor | Minor | 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 | 35,220.96 | 37,486.01 | 39,091.96 | 41,357.01 | 42,962.96 | 45,228.01 | 46,833.96 |
| Camarilla | 39,633.39 | 39,988.23 | 40,343.07 | 40,697.91 | 41,052.75 | 41,407.59 | 41,762.44 |
| Woodie | 34,891.41 | 37,321.24 | 38,762.41 | 41,192.24 | 42,633.41 | 45,063.24 | 46,504.41 |
| Fibonacci | 37,486.01 | 38,964.73 | 39,878.29 | 41,357.01 | 42,835.73 | 43,749.29 | 45,228.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,881.83 | 41,750.02 | 45,024.33 | 46,892.52 | 50,166.83 | 52,035.02 | 55,309.33 |
| Camarilla | 46,884.46 | 47,355.86 | 47,827.25 | 48,298.65 | 48,770.05 | 49,241.44 | 49,712.84 |
| Woodie | 40,584.90 | 42,101.55 | 45,727.40 | 47,244.05 | 50,869.90 | 52,386.55 | 56,012.40 |
| Fibonacci | 41,750.02 | 43,714.45 | 44,928.08 | 46,892.52 | 48,856.95 | 50,070.58 | 52,035.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,451.67 | 31,930.53 | 39,523.07 | 45,001.93 | 52,594.47 | 58,073.33 | 65,665.87 |
| Camarilla | 43,520.97 | 44,719.18 | 45,917.39 | 47,115.60 | 48,313.81 | 49,512.02 | 50,710.24 |
| Woodie | 27,508.50 | 32,458.95 | 40,579.90 | 45,530.35 | 53,651.30 | 58,601.75 | 66,722.70 |
| Fibonacci | 31,930.53 | 36,923.81 | 40,008.66 | 45,001.93 | 49,995.21 | 53,080.06 | 58,073.33 |
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): | 59.08 | |
| MACD (12,26,9): | 203.2500 | |
| Directional Movement: | 12.66 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 42,723.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 41,540.26 | |
| Elder Ray (13): | 386.89 | |
| Super Trend (3,10): | 41,724.17 | |
| Zig ZAG (10): | 43,078.32 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 68.90 | |
| TEMA (21): | 43,216.67 | |
| Williams %R (14): | -34.21 | |
| Chande Momentum Oscillator (20): | 735.10 | |
| Repulse (5,40,3): | 0.7000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 4.96 |
| MA7: | 45,397.96 | |
| MA20: | 46,865.20 | |
| MA50: | 46,681.50 | |
| MA100: | 40,785.39 | |
| MAexp7: | 43,043.12 | |
| MAexp20: | 42,564.48 | |
| MAexp50: | 42,913.95 | |
| MAexp100: | 43,989.68 | |
| Price / MA7: | -4.60% | |
| Price / MA20: | -7.58% | |
| Price / MA50: | -7.22% | |
| Price / MA100: | +6.19% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +0.93% | |
| Price / MAexp100: | -1.54% |
Quotes :
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Real time data
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Cryptocompare
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