BITCOIN - BTC/USDT - 1H - Technical analysis published on 09/30/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 19,524.90 USDT
My targets
20,102.40 USDT (+1.58%)
20,368.00 USDT (+2.92%)
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 19,524.90 USDT. The next resistance located at 20,102.40 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 20,368.00 USDT. After this resistance, buyers could then target 22,442.60 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 19,790.22 USDT. The price has increased by +1.03% since the last closing and was between 19,178.07 USDT and 20,174.32 USDT. This implies that the price is at +3.19% from its lowest and at -1.90% from its highest.19,178.07
20,174.32
19,790.22
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18,974.30 | 19,524.90 | 19,774.80 | 19,790.22 | 20,102.40 | 20,368.00 | 22,442.60 |
| Change (%) | -4.12% | -1.34% | -0.08% | - | +1.58% | +2.92% | +13.40% |
| Change | -815.92 | -265.32 | -15.42 | - | +312.18 | +577.78 | +2,652.38 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,308.20 | 18,581.13 | 19,085.20 | 19,358.13 | 19,862.20 | 20,135.13 | 20,639.20 |
| Camarilla | 19,375.59 | 19,446.81 | 19,518.04 | 19,589.26 | 19,660.49 | 19,731.71 | 19,802.94 |
| Woodie | 18,423.76 | 18,638.92 | 19,200.76 | 19,415.92 | 19,977.76 | 20,192.92 | 20,754.76 |
| Fibonacci | 18,581.13 | 18,877.95 | 19,061.32 | 19,358.13 | 19,654.95 | 19,838.32 | 20,135.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,048.84 | 17,100.27 | 18,012.04 | 19,063.47 | 19,975.24 | 21,026.67 | 21,938.44 |
| Camarilla | 18,383.93 | 18,563.89 | 18,743.85 | 18,923.81 | 19,103.77 | 19,283.73 | 19,463.69 |
| Woodie | 15,979.01 | 17,065.36 | 17,942.21 | 19,028.56 | 19,905.41 | 20,991.76 | 21,868.61 |
| Fibonacci | 17,100.27 | 17,850.21 | 18,313.53 | 19,063.47 | 19,813.41 | 20,276.73 | 21,026.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,328.27 | 15,931.73 | 17,989.67 | 21,593.13 | 23,651.07 | 27,254.53 | 29,312.47 |
| Camarilla | 18,490.72 | 19,009.68 | 19,528.64 | 20,047.60 | 20,566.56 | 21,085.52 | 21,604.49 |
| Woodie | 11,555.50 | 15,545.35 | 17,216.90 | 21,206.75 | 22,878.30 | 26,868.15 | 28,539.70 |
| Fibonacci | 15,931.73 | 18,094.39 | 19,430.48 | 21,593.13 | 23,755.79 | 25,091.88 | 27,254.53 |
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): | 57.09 | |
| MACD (12,26,9): | 83.4200 | |
| Directional Movement: | 7.88 | |
| AROON (14): | 21.42 | |
| DEMA (21): | 19,663.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,272.09 | |
| Elder Ray (13): | 112.59 | |
| Super Trend (3,10): | 19,245.01 | |
| Zig ZAG (10): | 19,758.79 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 57.13 | |
| TEMA (21): | 19,714.82 | |
| Williams %R (14): | -41.47 | |
| Chande Momentum Oscillator (20): | 313.46 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 2.02 |
| MA7: | 19,254.81 | |
| MA20: | 19,701.92 | |
| MA50: | 20,622.90 | |
| MA100: | 21,204.99 | |
| MAexp7: | 19,669.43 | |
| MAexp20: | 19,564.85 | |
| MAexp50: | 19,463.97 | |
| MAexp100: | 19,376.96 | |
| Price / MA7: | +2.78% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | -4.04% | |
| Price / MA100: | -6.67% | |
| Price / MAexp7: | +0.61% | |
| Price / MAexp20: | +1.15% | |
| Price / MAexp50: | +1.68% | |
| Price / MAexp100: | +2.13% |
Quotes :
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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.
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