BITCOIN - BTC/USD - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Neutral
Technical indicators
56%
11%
33%
My opinion
Neutral between 10,870.80 USD and 11,459.20 USD
My targets
-
My analysis
The short-term and basic trend is neutral. In this situation, the price of BITCOIN - BTC/USD could just as easily move towards the first resistance as the first support. No statistical advantage is given for one of these levels to be achieved before the other. It will be necessary to create a new automated analysis when the conditions have progressed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below. The first resistance is located at 11,459.20 USD. The first support is located at 10,870.80 USD.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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
The BITCOIN - BTC/USD price is 11,229.66 USD. The price has increased by +1.49% since the last closing and was traded between 10,962.67 USD and 11,246.40 USD over the period. The price is currently at +2.44% from its lowest and -0.15% from its highest.10,962.67
11,246.40
11,229.66
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a neutral overall trend. This generally neutral trend is confirmed by the neutral signals currently given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,371.20 | 10,870.80 | 11,189.20 | 11,229.66 | 11,459.20 | 12,932.90 | 19,345.50 |
| Change (%) | -7.64% | -3.20% | -0.36% | - | +2.04% | +15.17% | +72.27% |
| Change | -858.46 | -358.86 | -40.46 | - | +229.54 | +1,703.24 | +8,115.84 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 9,057.82 | 9,878.81 | 10,471.68 | 11,292.67 | 11,885.54 | 12,706.53 | 13,299.40 |
| Camarilla | 10,675.74 | 10,805.34 | 10,934.95 | 11,064.55 | 11,194.15 | 11,323.76 | 11,453.36 |
| Woodie | 8,943.76 | 9,821.78 | 10,357.62 | 11,235.64 | 11,771.48 | 12,649.50 | 13,185.34 |
| Fibonacci | 9,878.81 | 10,418.90 | 10,752.58 | 11,292.67 | 11,832.77 | 12,166.44 | 12,706.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,144.89 | 8,903.52 | 10,366.22 | 11,124.85 | 12,587.55 | 13,346.18 | 14,808.88 |
| Camarilla | 11,218.05 | 11,421.68 | 11,625.30 | 11,828.92 | 12,032.54 | 12,236.16 | 12,439.79 |
| Woodie | 8,496.93 | 9,079.54 | 10,718.26 | 11,300.87 | 12,939.59 | 13,522.20 | 15,160.92 |
| Fibonacci | 8,903.52 | 9,752.07 | 10,276.30 | 11,124.85 | 11,973.40 | 12,497.63 | 13,346.18 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,171.52 | 8,050.55 | 9,701.13 | 10,580.16 | 12,230.74 | 13,109.77 | 14,760.35 |
| Camarilla | 10,656.06 | 10,887.94 | 11,119.82 | 11,351.70 | 11,583.58 | 11,815.46 | 12,047.34 |
| Woodie | 7,557.28 | 8,243.44 | 10,086.90 | 10,773.05 | 12,616.51 | 13,302.66 | 15,146.12 |
| Fibonacci | 8,050.55 | 9,016.86 | 9,613.85 | 10,580.16 | 11,546.47 | 12,143.46 | 13,109.77 |
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): | 51.64 | |
| MACD (12,26,9): | -31.9100 | |
| Directional Movement: | -10.31 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 11,136.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,471.04 | |
| Elder Ray (13): | 30.92 | |
| Super Trend (3,10): | 11,426.70 | |
| Zig ZAG (10): | 11,199.37 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 77.04 | |
| TEMA (21): | 11,164.81 | |
| Williams %R (14): | -9.65 | |
| Chande Momentum Oscillator (20): | 152.72 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.79 |
| MA7: | 11,227.15 | |
| MA20: | 10,123.64 | |
| MA50: | 9,616.82 | |
| MA100: | 9,436.90 | |
| MAexp7: | 11,179.17 | |
| MAexp20: | 11,196.00 | |
| MAexp50: | 11,272.02 | |
| MAexp100: | 11,231.79 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +10.93% | |
| Price / MA50: | +16.77% | |
| Price / MA100: | +19.00% | |
| Price / MAexp7: | +0.45% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.02% |
Quotes :
2020-08-03 11:56:03
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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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