BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 9,222.32 USDT
My targets
9,364.34 USDT (+0.15%)
9,477.05 USDT (+1.35%)
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 9,222.32 USDT. The next resistance located at 9,364.34 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 9,477.05 USDT. After this resistance, buyers could then target 9,872.55 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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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
The BITCOIN - BTC/USDT price is 9,350.64 USDT. The price is lower by -0.45% since the last closing and was traded between 9,185.76 USDT and 9,448.94 USDT over the period. The price is currently at +1.79% from its lowest and -1.04% from its highest.9,185.76
9,448.94
9,350.64
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 8,947.56 | 9,077.48 | 9,222.32 | 9,350.64 | 9,364.34 | 9,477.05 | 9,872.55 |
| Change (%) | -4.31% | -2.92% | -1.37% | - | +0.15% | +1.35% | +5.58% |
| Change | -403.08 | -273.16 | -128.32 | - | +13.70 | +126.41 | +521.91 |
| Level | Minor | Minor | Intermediate | - | Major | Major | 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 | 9,051.72 | 9,086.10 | 9,137.51 | 9,171.89 | 9,223.30 | 9,257.68 | 9,309.09 |
| Camarilla | 9,165.32 | 9,173.18 | 9,181.05 | 9,188.91 | 9,196.77 | 9,204.64 | 9,212.50 |
| Woodie | 9,060.23 | 9,090.36 | 9,146.02 | 9,176.15 | 9,231.81 | 9,261.94 | 9,317.60 |
| Fibonacci | 9,086.10 | 9,118.88 | 9,139.12 | 9,171.89 | 9,204.67 | 9,224.91 | 9,257.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,942.69 | 8,445.12 | 8,867.68 | 9,370.11 | 9,792.67 | 10,295.10 | 10,717.66 |
| Camarilla | 9,035.86 | 9,120.65 | 9,205.44 | 9,290.23 | 9,375.02 | 9,459.81 | 9,544.60 |
| Woodie | 7,902.75 | 8,425.15 | 8,827.74 | 9,350.14 | 9,752.73 | 10,275.13 | 10,677.72 |
| Fibonacci | 8,445.12 | 8,798.47 | 9,016.77 | 9,370.11 | 9,723.46 | 9,941.76 | 10,295.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,667.87 | 6,004.02 | 7,573.00 | 8,909.15 | 10,478.13 | 11,814.28 | 13,383.26 |
| Camarilla | 8,343.07 | 8,609.37 | 8,875.68 | 9,141.98 | 9,408.28 | 9,674.59 | 9,940.89 |
| Woodie | 4,784.29 | 6,062.23 | 7,689.42 | 8,967.36 | 10,594.55 | 11,872.49 | 13,499.68 |
| Fibonacci | 6,004.02 | 7,113.78 | 7,799.39 | 8,909.15 | 10,018.91 | 10,704.52 | 11,814.28 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 65.91 | |
| MACD (12,26,9): | 38.6900 | |
| Directional Movement: | 10.53 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 9,295.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,236.98 | |
| Elder Ray (13): | 61.51 | |
| Super Trend (3,10): | 9,192.85 | |
| Zig ZAG (10): | 9,353.03 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 90.99 | |
| TEMA (21): | 9,335.23 | |
| Williams %R (14): | -13.71 | |
| Chande Momentum Oscillator (20): | 189.95 | |
| Repulse (5,40,3): | 0.6400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 3.29 |
| MA7: | 9,219.47 | |
| MA20: | 8,693.53 | |
| MA50: | 8,677.30 | |
| MA100: | 9,578.10 | |
| MAexp7: | 9,309.27 | |
| MAexp20: | 9,254.57 | |
| MAexp50: | 9,227.27 | |
| MAexp100: | 9,207.66 | |
| Price / MA7: | +1.42% | |
| Price / MA20: | +7.56% | |
| Price / MA50: | +7.76% | |
| Price / MA100: | -2.37% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | +1.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
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