BITCOIN - BTC/USD - 1H - Technical analysis published on 07/01/2020 (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:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 9,022.28 USD
My targets
9,286.26 USD (+1.37%)
9,662.41 USD (+5.48%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 9,022.28 USD. The buyers” bullish objective is set at 9,286.26 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,662.41 USD. If there is any crossing, the next objective would be the resistance located at 9,789.32 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
5.7
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 9,160.52 USD. On the day, this instrument gained +0.28% and was traded between 9,094.86 USD and 9,189.76 USD over the period. The price is currently at +0.72% from its lowest and -0.32% from its highest.9,094.86
9,189.76
9,160.52
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,838.74 | 8,934.30 | 9,022.28 | 9,160.52 | 9,191.84 | 9,286.26 | 9,662.41 |
| Change (%) | -3.51% | -2.47% | -1.51% | - | +0.34% | +1.37% | +5.48% |
| Change | -321.78 | -226.22 | -138.24 | - | +31.32 | +125.74 | +501.89 |
| Level | Minor | Minor | Major | - | Major | 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 | 8,928.38 | 8,996.94 | 9,065.87 | 9,134.43 | 9,203.36 | 9,271.92 | 9,340.85 |
| Camarilla | 9,096.99 | 9,109.59 | 9,122.20 | 9,134.80 | 9,147.40 | 9,160.01 | 9,172.61 |
| Woodie | 8,928.57 | 8,997.03 | 9,066.06 | 9,134.52 | 9,203.55 | 9,272.01 | 9,341.04 |
| Fibonacci | 8,996.94 | 9,049.46 | 9,081.91 | 9,134.43 | 9,186.95 | 9,219.40 | 9,271.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,680.46 | 8,259.60 | 8,631.04 | 9,210.18 | 9,581.62 | 10,160.76 | 10,532.20 |
| Camarilla | 8,741.07 | 8,828.21 | 8,915.34 | 9,002.48 | 9,089.62 | 9,176.75 | 9,263.89 |
| Woodie | 7,576.61 | 8,207.68 | 8,527.19 | 9,158.26 | 9,477.77 | 10,108.84 | 10,428.35 |
| Fibonacci | 8,259.60 | 8,622.72 | 8,847.06 | 9,210.18 | 9,573.30 | 9,797.64 | 10,160.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,974.83 | 7,906.79 | 8,520.79 | 9,452.75 | 10,066.75 | 10,998.71 | 11,612.71 |
| Camarilla | 8,709.66 | 8,851.37 | 8,993.09 | 9,134.80 | 9,276.51 | 9,418.23 | 9,559.94 |
| Woodie | 6,815.86 | 7,827.30 | 8,361.82 | 9,373.26 | 9,907.78 | 10,919.22 | 11,453.74 |
| Fibonacci | 7,906.79 | 8,497.34 | 8,862.19 | 9,452.75 | 10,043.30 | 10,408.15 | 10,998.71 |
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): | 53.37 | |
| MACD (12,26,9): | 4.3300 | |
| Directional Movement: | 0.53 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 9,155.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,103.98 | |
| Elder Ray (13): | 10.41 | |
| Super Trend (3,10): | 9,072.85 | |
| Zig ZAG (10): | 9,166.07 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 71.69 | |
| TEMA (21): | 9,156.78 | |
| Williams %R (14): | -26.11 | |
| Chande Momentum Oscillator (20): | 38.38 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.40 |
| MA7: | 9,141.09 | |
| MA20: | 9,329.36 | |
| MA50: | 9,425.15 | |
| MA100: | 8,487.29 | |
| MAexp7: | 9,150.21 | |
| MAexp20: | 9,147.74 | |
| MAexp50: | 9,140.79 | |
| MAexp100: | 9,147.08 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -1.81% | |
| Price / MA50: | -2.81% | |
| Price / MA100: | +7.93% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.22% | |
| Price / MAexp100: | +0.15% |
Quotes :
2020-07-01 13:15:23
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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