BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/07/2020 (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
28%
22%
50%
My opinion
Bullish above 7,590.89 USDT
My targets
8,275.36 USDT (+5.28%)
9,006.26 USDT (+14.57%)
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 7,590.89 USDT. The next resistance located at 8,275.36 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 9,006.26 USDT. After this resistance, buyers could then target 9,491.67 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 are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.3
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Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 7,860.68 USDT. On the day, this instrument gained +1.35% with the lowest point at 7,756.09 USDT and the highest point at 7,983.48 USDT. The deviation from the price is +1.35% for the low point and -1.54% for the high point.7,756.09
7,983.48
7,860.68
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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 does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,321.60 | 7,402.17 | 7,590.89 | 7,860.68 | 9,491.67 | 10,616.50 | 11,992.30 |
| Change (%) | -6.86% | -5.83% | -3.43% | - | +20.75% | +35.06% | +52.56% |
| Change | -539.08 | -458.51 | -269.79 | - | +1,630.99 | +2,755.82 | +4,131.62 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,041.95 | 7,196.45 | 7,476.27 | 7,630.77 | 7,910.59 | 8,065.09 | 8,344.91 |
| Camarilla | 7,636.64 | 7,676.46 | 7,716.27 | 7,756.08 | 7,795.89 | 7,835.71 | 7,875.52 |
| Woodie | 7,104.60 | 7,227.78 | 7,538.92 | 7,662.10 | 7,973.24 | 8,096.42 | 8,407.56 |
| Fibonacci | 7,196.45 | 7,362.36 | 7,464.86 | 7,630.77 | 7,796.68 | 7,899.18 | 8,065.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,327.01 | 6,601.05 | 6,976.46 | 7,250.50 | 7,625.91 | 7,899.95 | 8,275.36 |
| Camarilla | 7,173.26 | 7,232.79 | 7,292.33 | 7,351.86 | 7,411.39 | 7,470.93 | 7,530.46 |
| Woodie | 6,377.69 | 6,626.39 | 7,027.14 | 7,275.84 | 7,676.58 | 7,925.29 | 8,326.03 |
| Fibonacci | 6,601.05 | 6,849.14 | 7,002.41 | 7,250.50 | 7,498.59 | 7,651.86 | 7,899.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,292.62 | 5,867.72 | 6,530.50 | 7,105.60 | 7,768.38 | 8,343.48 | 9,006.26 |
| Camarilla | 6,852.86 | 6,966.34 | 7,079.81 | 7,193.28 | 7,306.75 | 7,420.22 | 7,533.70 |
| Woodie | 5,336.46 | 5,889.64 | 6,574.34 | 7,127.52 | 7,812.22 | 8,365.40 | 9,050.10 |
| Fibonacci | 5,867.72 | 6,340.59 | 6,632.73 | 7,105.60 | 7,578.47 | 7,870.61 | 8,343.48 |
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): | 59.50 | |
| MACD (12,26,9): | 78.9800 | |
| Directional Movement: | 21.99 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 7,911.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,971.15 | |
| Elder Ray (13): | 2.16 | |
| Super Trend (3,10): | 7,777.80 | |
| Zig ZAG (10): | 7,838.09 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 51.92 | |
| TEMA (21): | 7,925.00 | |
| Williams %R (14): | -61.90 | |
| Chande Momentum Oscillator (20): | -61.68 | |
| Repulse (5,40,3): | -0.5900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 4.06 |
| MA7: | 7,401.00 | |
| MA20: | 7,307.07 | |
| MA50: | 7,324.72 | |
| MA100: | 7,941.63 | |
| MAexp7: | 7,864.39 | |
| MAexp20: | 7,800.59 | |
| MAexp50: | 7,659.97 | |
| MAexp100: | 7,530.88 | |
| Price / MA7: | +6.21% | |
| Price / MA20: | +7.58% | |
| Price / MA50: | +7.32% | |
| Price / MA100: | -1.02% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +2.62% | |
| Price / MAexp100: | +4.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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