BITCOIN - BTC/USDT - 1H - Technical analysis published on 10/21/2019 (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
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 8,115.47 USDT
My targets
8,394.05 USDT (+1.88%)
8,751.58 USDT (+6.22%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 8,115.47 USDT. The buyers” bullish objective is set at 8,394.05 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 8,751.58 USDT. If there is any crossing, the next objective would be the resistance located at 9,477.05 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 8,239.44 USDT. On the day, this instrument gained +0.22% with the lowest point at 8,182.48 USDT and the highest point at 8,246.74 USDT. The deviation from the price is +0.70% for the low point and -0.09% for the high point.8,182.48
8,246.74
8,239.44
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,859.54 | 7,930.06 | 8,115.47 | 8,239.44 | 8,394.05 | 8,751.58 | 9,477.05 |
| Change (%) | -4.61% | -3.75% | -1.50% | - | +1.88% | +6.22% | +15.02% |
| Change | -379.90 | -309.38 | -123.97 | - | +154.61 | +512.14 | +1,237.61 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,564.25 | 7,722.05 | 7,971.82 | 8,129.62 | 8,379.39 | 8,537.19 | 8,786.96 |
| Camarilla | 8,109.50 | 8,146.86 | 8,184.22 | 8,221.58 | 8,258.94 | 8,296.30 | 8,333.66 |
| Woodie | 7,610.23 | 7,745.04 | 8,017.80 | 8,152.61 | 8,425.37 | 8,560.18 | 8,832.94 |
| Fibonacci | 7,722.05 | 7,877.75 | 7,973.93 | 8,129.62 | 8,285.32 | 8,381.50 | 8,537.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,104.24 | 7,473.18 | 7,711.30 | 8,080.24 | 8,318.36 | 8,687.30 | 8,925.42 |
| Camarilla | 7,782.48 | 7,838.13 | 7,893.77 | 7,949.42 | 8,005.07 | 8,060.71 | 8,116.36 |
| Woodie | 7,038.83 | 7,440.48 | 7,645.89 | 8,047.54 | 8,252.95 | 8,654.60 | 8,860.01 |
| Fibonacci | 7,473.18 | 7,705.08 | 7,848.34 | 8,080.24 | 8,312.14 | 8,455.40 | 8,687.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,891.55 | 5,814.90 | 7,049.79 | 8,973.14 | 10,208.03 | 12,131.38 | 13,366.27 |
| Camarilla | 7,416.15 | 7,705.66 | 7,995.17 | 8,284.67 | 8,574.18 | 8,863.68 | 9,153.19 |
| Woodie | 3,547.31 | 5,642.79 | 6,705.55 | 8,801.03 | 9,863.79 | 11,959.27 | 13,022.03 |
| Fibonacci | 5,814.90 | 7,021.35 | 7,766.70 | 8,973.14 | 10,179.59 | 10,924.94 | 12,131.38 |
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): | 69.88 | |
| MACD (12,26,9): | 66.9000 | |
| Directional Movement: | 21.56 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 8,236.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,279.28 | |
| Elder Ray (13): | 42.05 | |
| Super Trend (3,10): | 8,119.76 | |
| Zig ZAG (10): | 8,230.02 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 70.63 | |
| TEMA (21): | 8,271.01 | |
| Williams %R (14): | -35.71 | |
| Chande Momentum Oscillator (20): | -2.37 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 3.84 |
| MA7: | 8,082.18 | |
| MA20: | 8,196.69 | |
| MA50: | 9,116.48 | |
| MA100: | 9,756.05 | |
| MAexp7: | 8,219.48 | |
| MAexp20: | 8,149.10 | |
| MAexp50: | 8,066.79 | |
| MAexp100: | 8,053.14 | |
| Price / MA7: | +1.95% | |
| Price / MA20: | +0.52% | |
| Price / MA50: | -9.62% | |
| Price / MA100: | -15.55% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +1.11% | |
| Price / MAexp50: | +2.14% | |
| Price / MAexp100: | +2.31% |
This member declared not having a position on this financial instrument or a related financial instrument.
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