BITCOIN - BTC/USD - 1H - Technical analysis published on 07/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 9,191.84 USD
My targets
9,662.41 USD (+4.16%)
9,789.32 USD (+5.53%)
My analysis
BITCOIN - BTC/USD 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 9,191.84 USD. The next resistance located at 9,662.41 USD 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 9,789.32 USD. After this resistance, buyers could then target 10,371.20 USD. 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
BITCOIN - BTC/USD rating 9,276.66 USD. On the day, this instrument gained +1.55% and was traded between 9,094.86 USD and 9,299.39 USD over the period. The price is currently at +2.00% from its lowest and -0.24% from its highest.9,094.86
9,299.39
9,276.66
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
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 | 8,934.30 | 9,022.28 | 9,191.84 | 9,276.66 | 9,286.26 | 9,662.41 | 9,789.32 |
| Change (%) | -3.69% | -2.74% | -0.91% | - | +0.10% | +4.16% | +5.53% |
| Change | -342.36 | -254.38 | -84.82 | - | +9.60 | +385.75 | +512.66 |
| Level | Minor | Major | Major | - | Major | Minor | 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 | 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): | 68.73 | |
| MACD (12,26,9): | 30.1200 | |
| Directional Movement: | 20.76 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 9,223.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,138.98 | |
| Elder Ray (13): | 69.36 | |
| Super Trend (3,10): | 9,156.71 | |
| Zig ZAG (10): | 9,275.01 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 93.10 | |
| TEMA (21): | 9,248.07 | |
| Williams %R (14): | -13.58 | |
| Chande Momentum Oscillator (20): | 130.37 | |
| Repulse (5,40,3): | 0.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.09 |
| MA7: | 9,160.09 | |
| MA20: | 9,335.16 | |
| MA50: | 9,427.43 | |
| MA100: | 8,488.42 | |
| MAexp7: | 9,238.00 | |
| MAexp20: | 9,190.84 | |
| MAexp50: | 9,161.51 | |
| MAexp100: | 9,157.20 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -1.60% | |
| Price / MA100: | +9.29% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.93% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +1.30% |
Quotes :
2020-07-01 17:32:04
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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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