BITCOIN - BTC/USD - 1H - Technical analysis published on 07/31/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 11,189.20 USD
My targets
11,612.71 USD (+1.77%)
12,932.90 USD (+13.34%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 11,189.20 USD, you could try to benefit from the boom. The first bullish objective is located at 11,612.71 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,932.90 USD as an objective. Crossing it would then enable buyers to target 19,345.50 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 11,410.98 USD. The price registered an increase of +2.66% on the session and was between 10,975.61 USD and 11,459.24 USD. This implies that the price is at +3.97% from its lowest and at -0.42% from its highest.10,975.61
11,459.24
11,410.98
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. 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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
White morning star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 10,870.80 | 11,189.20 | 11,400.00 | 11,410.98 | 12,932.90 | 19,345.50 |
| Change (%) | -4.73% | -1.94% | -0.10% | - | +13.34% | +69.53% |
| Change | -540.18 | -221.78 | -10.98 | - | +1,521.92 | +7,934.52 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major |
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 | 10,607.52 | 10,738.35 | 10,924.85 | 11,055.68 | 11,242.18 | 11,373.01 | 11,559.51 |
| Camarilla | 11,024.10 | 11,053.18 | 11,082.27 | 11,111.36 | 11,140.45 | 11,169.54 | 11,198.63 |
| Woodie | 10,635.37 | 10,752.27 | 10,952.70 | 11,069.60 | 11,270.03 | 11,386.93 | 11,587.36 |
| Fibonacci | 10,738.35 | 10,859.57 | 10,934.46 | 11,055.68 | 11,176.90 | 11,251.79 | 11,373.01 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,663.19 | 8,886.64 | 9,299.15 | 9,522.60 | 9,935.11 | 10,158.56 | 10,571.07 |
| Camarilla | 9,536.77 | 9,595.07 | 9,653.36 | 9,711.66 | 9,769.96 | 9,828.25 | 9,886.55 |
| Woodie | 8,757.72 | 8,933.91 | 9,393.68 | 9,569.87 | 10,029.64 | 10,205.83 | 10,665.60 |
| Fibonacci | 8,886.64 | 9,129.58 | 9,279.66 | 9,522.60 | 9,765.54 | 9,915.62 | 10,158.56 |
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 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): | 66.08 | |
| MACD (12,26,9): | 69.3100 | |
| Directional Movement: | 16.47 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 11,310.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,239.87 | |
| Elder Ray (13): | 95.03 | |
| Super Trend (3,10): | 11,085.13 | |
| Zig ZAG (10): | 11,393.75 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 69.17 | |
| TEMA (21): | 11,361.18 | |
| Williams %R (14): | -11.91 | |
| Chande Momentum Oscillator (20): | 276.05 | |
| Repulse (5,40,3): | 1.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 4.18 |
| MA7: | 10,747.54 | |
| MA20: | 9,809.06 | |
| MA50: | 9,500.50 | |
| MA100: | 9,321.46 | |
| MAexp7: | 11,308.57 | |
| MAexp20: | 11,237.39 | |
| MAexp50: | 11,136.28 | |
| MAexp100: | 10,947.20 | |
| Price / MA7: | +6.17% | |
| Price / MA20: | +16.33% | |
| Price / MA50: | +20.11% | |
| Price / MA100: | +22.42% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +1.54% | |
| Price / MAexp50: | +2.47% | |
| Price / MAexp100: | +4.24% |
Quotes :
2020-07-31 21:14:18
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Real time data
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Cryptocompare
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