BITCOIN GOLD - BTG/USD - 1H - Technical analysis published on 09/17/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 10.02 USD
My targets
10.42 USD (+1.36%)
10.64 USD (+3.50%)
My analysis
A bullish trend on Bitcoin Gold - BTG/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 10.02 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 10.42 USD. Then the price could move towards 10.64 USD. Then 10.77 USD by extension. Be careful, a return below 10.02 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.4
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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 Gold - BTG/USD rating 10.28 USD. The price has increased by +2.09% since the last closing and was traded between 9.84 USD and 10.37 USD over the period. The price is currently at +4.47% from its lowest and -0.87% from its highest.9.84
10.37
10.28
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
Technical analysis of Bitcoin Gold - BTG/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the 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 shows a strong bullish signal.
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 9.86 | 10.02 | 10.28 | 10.42 | 10.64 | 10.77 |
| Change (%) | -4.09% | -2.53% | - | +1.36% | +3.50% | +4.77% |
| Change | -0.42 | -0.26 | - | +0.14 | +0.36 | +0.49 |
| Level | Minor | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.52 | 9.77 | 9.92 | 10.17 | 10.32 | 10.57 | 10.72 |
| Camarilla | 9.96 | 10.00 | 10.03 | 10.07 | 10.11 | 10.14 | 10.18 |
| Woodie | 9.47 | 9.75 | 9.87 | 10.15 | 10.27 | 10.55 | 10.67 |
| Fibonacci | 9.77 | 9.92 | 10.02 | 10.17 | 10.32 | 10.42 | 10.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.56 | 9.21 | 9.73 | 10.38 | 10.90 | 11.55 | 12.07 |
| Camarilla | 9.93 | 10.04 | 10.14 | 10.25 | 10.36 | 10.46 | 10.57 |
| Woodie | 8.50 | 9.18 | 9.67 | 10.35 | 10.84 | 11.52 | 12.01 |
| Fibonacci | 9.21 | 9.66 | 9.93 | 10.38 | 10.83 | 11.10 | 11.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.07 | 11.41 | 10.81 | 12.15 | 11.55 | 12.89 | 12.29 |
| Camarilla | 10.01 | 10.07 | 10.14 | 10.21 | 10.28 | 10.35 | 10.41 |
| Woodie | 9.10 | 10.93 | 9.84 | 11.67 | 10.58 | 12.41 | 11.32 |
| Fibonacci | 11.41 | 11.69 | 11.87 | 12.15 | 12.43 | 12.61 | 12.89 |
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): | 63.07 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 16.74 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 10.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.03 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 10.02 | |
| Zig ZAG (10): | 10.29 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 84.31 | |
| TEMA (21): | 10.25 | |
| Williams %R (14): | -11.76 | |
| Chande Momentum Oscillator (20): | 0.39 | |
| Repulse (5,40,3): | 0.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 4.87 |
| MA7: | 10.58 | |
| MA20: | 10.70 | |
| MA50: | 13.21 | |
| MA100: | 19.81 | |
| MAexp7: | 10.23 | |
| MAexp20: | 10.14 | |
| MAexp50: | 10.14 | |
| MAexp100: | 10.18 | |
| Price / MA7: | -2.84% | |
| Price / MA20: | -3.93% | |
| Price / MA50: | -22.18% | |
| Price / MA100: | -48.11% | |
| Price / MAexp7: | +0.49% | |
| Price / MAexp20: | +1.38% | |
| Price / MAexp50: | +1.38% | |
| Price / MAexp100: | +0.98% |
This member declared not having a position on this financial instrument or a related financial instrument.
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