BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
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Change: -
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/19/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 24,974.90 USDT
My targets
29,674.39 USDT (+9.88%)
32,440.64 USDT (+20.12%)
My analysis
With a bullish background trend, the price of BITCOIN - BTC/USDT is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 24,974.90 USDT. A bullish break in the resistance located at 29,674.39 USDT would boost the bullish momentum and fuel the basic trend. Then the price could move towards 32,440.64 USDT. Then 40,624.10 USDT by extension. It would be safer to wait for a bullish break in the resistance located at 29,674.39 USDT before allowing yourself to re trade long positions (at purchase) on BITCOIN - BTC/USDT. PS: if there is a bearish break in the support located at 24,974.90 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
0.5

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 Aninoff. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 27,005.93 USDT. The price has increased by +0.36% since the last closing and was between 26,828.89 USDT and 27,283.22 USDT. This implies that the price is at +0.66% from its lowest and at -1.02% from its highest.

26,828.89
27,283.22
27,005.93

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of BITCOIN - BTC/USDT in 1H shows an overall bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22,551.60 24,842.80 26,952.40 27,005.93 29,848.90 40,624.10 47,434.00
Change (%) -16.49% -8.01% -0.20% - +10.53% +50.43% +75.64%
Change -4,454.33 -2,163.13 -53.53 - +2,842.97 +13,618.17 +20,428.07
Level Minor Major Intermediate - Minor Minor Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,354.3725,985.4126,446.7827,077.8227,539.1928,170.2328,631.60
Camarilla26,607.7426,707.8826,808.0126,908.1527,008.2927,108.4327,208.56
Woodie25,269.5425,942.9926,361.9527,035.4027,454.3628,127.8128,546.77
Fibonacci25,985.4126,402.7126,660.5227,077.8227,495.1227,752.9328,170.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,742.9117,509.1622,208.6524,974.9029,674.3932,440.6437,140.13
Camarilla24,855.0725,539.4326,223.7926,908.1527,592.5128,276.8728,961.23
Woodie15,709.5417,992.4723,175.2825,458.2130,641.0232,923.9538,106.76
Fibonacci17,509.1620,361.0722,122.9824,974.9027,826.8129,588.7232,440.64


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17,815.4719,588.5321,694.9723,468.0325,574.4727,347.5329,453.97
Camarilla22,734.5423,090.1623,445.7823,801.4024,157.0224,512.6424,868.26
Woodie17,982.1519,671.8821,861.6523,551.3825,741.1527,430.8829,620.65
Fibonacci19,588.5321,070.5021,986.0623,468.0324,950.0025,865.5627,347.53

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): 45.12
MACD (12,26,9): -17.5600
Directional Movement: -9.13
AROON (14): -21.43
DEMA (21): 27,110.83
Parabolic SAR (0,02-0,02-0,2): 26,668.21
Elder Ray (13): -94.30
Super Trend (3,10): 26,698.46
Zig ZAG (10): 26,992.83
VORTEX (21): 0.9300
Stochastique (14,3,5): 23.44
TEMA (21): 26,922.90
Williams %R (14): -74.37
Chande Momentum Oscillator (20): -216.55
Repulse (5,40,3): -0.1900
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 1.87
MA7: 25,618.16
MA20: 23,334.80
MA50: 23,231.98
MA100: 20,558.68
MAexp7: 27,021.19
MAexp20: 27,096.69
MAexp50: 26,823.25
MAexp100: 26,043.26
Price / MA7: +5.42%
Price / MA20: +15.73%
Price / MA50: +16.24%
Price / MA100: +31.36%
Price / MAexp7: -0.06%
Price / MAexp20: -0.33%
Price / MAexp50: +0.68%
Price / MAexp100: +3.70%

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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