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

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  • Timeframe : 1H
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Summary of the analysis

Short term: Neutral
Underlying: Bullish
Technical indicators
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.

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:
15 min. Daily Weekly

Additional analysis


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.


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

Central Gaps

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:

Central Records

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


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:

Central Indicators

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


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:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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
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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