BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/11/2020 (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:
Bullish
De fond:
Strongly bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 7,990.56 USDT
My targets
8,266.28 USDT (+2.34%)
8,438.27 USDT (+4.47%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7,990.56 USDT. Crossing the first resistance at 8,266.28 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 8,438.27 USDT as an objective. Crossing it would then enable buyers to target 8,562.41 USDT. Caution, a return to below 7,990.56 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.3
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 8,076.91 USDT. The price is lower by -1.40% since the last closing with the lowest point at 8,012.08 USDT and the highest point at 8,247.92 USDT. The deviation from the price is +0.81% for the low point and -2.07% for the high point.8,012.08
8,247.92
8,076.91
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 8 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,402.17 | 7,685.10 | 7,990.56 | 8,076.91 | 8,266.28 | 8,438.27 | 8,562.41 |
| Change (%) | -8.35% | -4.85% | -1.07% | - | +2.34% | +4.47% | +6.01% |
| Change | -674.74 | -391.81 | -86.35 | - | +189.37 | +361.36 | +485.50 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,346.73 | 7,515.91 | 7,853.55 | 8,022.73 | 8,360.37 | 8,529.55 | 8,867.19 |
| Camarilla | 8,051.81 | 8,098.26 | 8,144.72 | 8,191.18 | 8,237.64 | 8,284.10 | 8,330.56 |
| Woodie | 7,430.95 | 7,558.03 | 7,937.77 | 8,064.85 | 8,444.59 | 8,571.67 | 8,951.41 |
| Fibonacci | 7,515.91 | 7,709.52 | 7,829.13 | 8,022.73 | 8,216.34 | 8,335.95 | 8,529.55 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.92 | |
| MACD (12,26,9): | 27.7900 | |
| Directional Movement: | 7.47 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 8,117.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,152.01 | |
| Elder Ray (13): | 9.93 | |
| Super Trend (3,10): | 7,954.36 | |
| Zig ZAG (10): | 8,091.74 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 28.91 | |
| TEMA (21): | 8,107.52 | |
| Williams %R (14): | -66.61 | |
| Chande Momentum Oscillator (20): | -117.75 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 1.58 |
| MA7: | 7,915.85 | |
| MA20: | 7,482.86 | |
| MA50: | 7,351.97 | |
| MA100: | 7,934.86 | |
| MAexp7: | 8,080.03 | |
| MAexp20: | 8,072.45 | |
| MAexp50: | 8,015.75 | |
| MAexp100: | 7,946.31 | |
| Price / MA7: | +2.03% | |
| Price / MA20: | +7.94% | |
| Price / MA50: | +9.86% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +1.64% |
This member declared not having a position on this financial instrument or a related financial instrument.
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