BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/18/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 26,952.40 USDT

My targets

29,453.97 USDT (+8.45%)

29,848.90 USDT (+9.91%)

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 26,952.40 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 29,453.97 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 29,848.90 USDT as an objective. Crossing it would then enable buyers to target 40,624.10 USDT. If the support 26,952.40 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

2.3

Comment on the analysis

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 27,158.65 USDT. The price registered a decrease of -0.83% on the session and was between 26,616.45 USDT and 27,708.86 USDT. This implies that the price is at +2.04% from its lowest and at -1.99% from its highest.

26,616.45

27,708.86

27,158.65

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a 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. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22,551.60	24,842.80	26,952.40	27,158.65	29,848.90	40,624.10	47,434.00
Change (%)	-16.96%	-8.53%	-0.76%	-	+9.91%	+49.58%	+74.66%
Change	-4,607.05	-2,315.85	-206.25	-	+2,690.25	+13,465.45	+20,275.35
Level	Minor	Major	Intermediate	-	Minor	Minor	Minor

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	22,761.85	23,827.49	25,609.87	26,675.51	28,457.89	29,523.53	31,305.91
Camarilla	26,609.06	26,870.12	27,131.19	27,392.26	27,653.33	27,914.40	28,175.47
Woodie	23,120.23	24,006.68	25,968.25	26,854.70	28,816.27	29,702.72	31,664.29
Fibonacci	23,827.49	24,915.43	25,587.56	26,675.51	27,763.45	28,435.58	29,523.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,047.67	17,806.93	19,133.77	20,893.03	22,219.87	23,979.13	25,305.97
Camarilla	19,611.92	19,894.82	20,177.71	20,460.60	20,743.49	21,026.39	21,309.28
Woodie	15,831.45	17,698.83	18,917.55	20,784.93	22,003.65	23,871.03	25,089.75
Fibonacci	17,806.93	18,985.82	19,714.14	20,893.03	22,071.92	22,800.24	23,979.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,815.47	19,588.53	21,694.97	23,468.03	25,574.47	27,347.53	29,453.97
Camarilla	22,734.54	23,090.16	23,445.78	23,801.40	24,157.02	24,512.64	24,868.26
Woodie	17,982.15	19,671.88	21,861.65	23,551.38	25,741.15	27,430.88	29,620.65
Fibonacci	19,588.53	21,070.50	21,986.06	23,468.03	24,950.00	25,865.56	27,347.53

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.30
MACD (12,26,9):	121.0200
Directional Movement:	-6.52
AROON (14):	-28.57
DEMA (21):	27,476.97
Parabolic SAR (0,02-0,02-0,2):	27,486.42
Elder Ray (13):	-98.00
Super Trend (3,10):	26,721.80
Zig ZAG (10):	27,208.96
VORTEX (21):	0.9900
Stochastique (14,3,5):	62.14
TEMA (21):	27,282.02
Williams %R (14):	-41.60
Chande Momentum Oscillator (20):	-264.91
Repulse (5,40,3):	-0.2600
ROCnROLL:	-1
TRIX (15,9):	0.1100
Courbe Coppock:	0.76

MA7:	24,955.04
MA20:	23,222.20
MA50:	23,152.17
MA100:	20,460.59
MAexp7:	27,280.83
MAexp20:	27,258.88
MAexp50:	26,743.68
MAexp100:	25,848.41
Price / MA7:	+8.83%
Price / MA20:	+16.95%
Price / MA50:	+17.30%
Price / MA100:	+32.74%
Price / MAexp7:	-0.45%
Price / MAexp20:	-0.37%
Price / MAexp50:	+1.55%
Price / MAexp100:	+5.07%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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