BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
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Change: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 05/15/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 64,403.18 USDT
My targets
66,817.67 USDT (+3.11%)
71,627.11 USDT (+10.53%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 64,403.18 USDT, you could try to benefit from the boom. The first bullish objective is located at 66,817.67 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 71,627.11 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.9

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 mh572. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 64,802.03 USDT. The price has increased by +5.24% since the last closing with the lowest point at 61,339.96 USDT and the highest point at 65,123.53 USDT. The deviation from the price is +5.64% for the low point and -0.49% for the high point.

61,339.96
65,123.53
64,802.03

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 63,458.60 63,997.23 64,403.18 64,802.03 66,817.67 71,627.11
Change (%) -2.07% -1.24% -0.62% - +3.11% +10.53%
Change -1,343.43 -804.80 -398.85 - +2,015.64 +6,825.08
Level Major Intermediate Minor - Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard58,802.8559,972.2960,774.1561,943.5962,745.4563,914.8964,716.75
Camarilla61,033.8961,214.6061,395.3061,576.0061,756.7061,937.4162,118.11
Woodie58,619.0559,880.4060,590.3561,851.7062,561.6563,823.0064,532.95
Fibonacci59,972.2960,725.3361,190.5661,943.5962,696.6363,161.8663,914.89


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53,579.6456,896.8058,862.5362,179.6964,145.4267,462.5869,428.31
Camarilla59,375.4859,859.7460,344.0160,828.2761,312.5461,796.8062,281.07
Woodie52,903.9456,558.9458,186.8361,841.8363,469.7267,124.7268,752.61
Fibonacci56,896.8058,914.8660,161.6262,179.6964,197.7565,444.5167,462.58


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard42,106.9650,658.5155,666.8864,218.4369,226.8077,778.3582,786.72
Camarilla56,946.2858,189.2859,432.2760,675.2661,918.2563,161.2564,404.24
Woodie40,335.3849,772.7253,895.3063,332.6467,455.2276,892.5681,015.14
Fibonacci50,658.5155,838.4059,038.5464,218.4369,398.3272,598.4677,778.35

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): 84.30
MACD (12,26,9): 681.7800
Directional Movement: 32.25
AROON (14): 100.00
DEMA (21): 63,732.74
Parabolic SAR (0,02-0,02-0,2): 62,839.43
Elder Ray (13): 1,522.67
Super Trend (3,10): 63,278.11
Zig ZAG (10): 64,843.81
VORTEX (21): 1.3400
Stochastique (14,3,5): 92.19
TEMA (21): 64,321.88
Williams %R (14): -9.28
Chande Momentum Oscillator (20): 2,912.33
Repulse (5,40,3): 1.1700
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 7.19
MA7: 62,215.91
MA20: 62,285.52
MA50: 65,162.64
MA100: 62,362.30
MAexp7: 64,009.49
MAexp20: 63,007.38
MAexp50: 62,424.69
MAexp100: 62,185.27
Price / MA7: +4.16%
Price / MA20: +4.04%
Price / MA50: -0.55%
Price / MA100: +3.91%
Price / MAexp7: +1.24%
Price / MAexp20: +2.85%
Price / MAexp50: +3.81%
Price / MAexp100: +4.21%

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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