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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 26,952.40 USDT
My targets
29,674.39 USDT (+6.28%)
32,440.64 USDT (+16.19%)
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 26,952.40 USDT. The next resistance located at 29,674.39 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 32,440.64 USDT. After this resistance, buyers could then target 40,624.10 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Aninoff. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 27,920.57 USDT. The price has increased by +3.76% since the last closing with the lowest point at 26,828.89 USDT and the highest point at 28,177.73 USDT. The deviation from the price is +4.07% for the low point and -0.91% for the high point.26,828.89
28,177.73
27,920.57
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:
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 a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22,551.60 | 24,842.80 | 26,952.40 | 27,920.57 | 29,848.90 | 40,624.10 | 47,434.00 |
| Change (%) | -19.23% | -11.02% | -3.47% | - | +6.91% | +45.50% | +69.89% |
| Change | -5,368.97 | -3,077.77 | -968.17 | - | +1,928.33 | +12,703.53 | +19,513.43 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 25,354.37 | 25,985.41 | 26,446.78 | 27,077.82 | 27,539.19 | 28,170.23 | 28,631.60 |
| Camarilla | 26,607.74 | 26,707.88 | 26,808.01 | 26,908.15 | 27,008.29 | 27,108.43 | 27,208.56 |
| Woodie | 25,269.54 | 25,942.99 | 26,361.95 | 27,035.40 | 27,454.36 | 28,127.81 | 28,546.77 |
| Fibonacci | 25,985.41 | 26,402.71 | 26,660.52 | 27,077.82 | 27,495.12 | 27,752.93 | 28,170.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,742.91 | 17,509.16 | 22,208.65 | 24,974.90 | 29,674.39 | 32,440.64 | 37,140.13 |
| Camarilla | 24,855.07 | 25,539.43 | 26,223.79 | 26,908.15 | 27,592.51 | 28,276.87 | 28,961.23 |
| Woodie | 15,709.54 | 17,992.47 | 23,175.28 | 25,458.21 | 30,641.02 | 32,923.95 | 38,106.76 |
| Fibonacci | 17,509.16 | 20,361.07 | 22,122.98 | 24,974.90 | 27,826.81 | 29,588.72 | 32,440.64 |
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): | 70.24 | |
| MACD (12,26,9): | 140.8800 | |
| Directional Movement: | 25.21 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 27,444.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 26,954.54 | |
| Elder Ray (13): | 457.19 | |
| Super Trend (3,10): | 27,052.16 | |
| Zig ZAG (10): | 27,833.62 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 79.63 | |
| TEMA (21): | 27,507.46 | |
| Williams %R (14): | -23.94 | |
| Chande Momentum Oscillator (20): | 793.50 | |
| Repulse (5,40,3): | 1.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 3.02 |
| MA7: | 25,753.60 | |
| MA20: | 23,383.00 | |
| MA50: | 23,250.71 | |
| MA100: | 20,568.01 | |
| MAexp7: | 27,559.79 | |
| MAexp20: | 27,306.62 | |
| MAexp50: | 26,997.85 | |
| MAexp100: | 26,253.85 | |
| Price / MA7: | +8.41% | |
| Price / MA20: | +19.41% | |
| Price / MA50: | +20.08% | |
| Price / MA100: | +35.75% | |
| Price / MAexp7: | +1.31% | |
| Price / MAexp20: | +2.25% | |
| Price / MAexp50: | +3.42% | |
| Price / MAexp100: | +6.35% |
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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