BITCOIN - BTC/USD - 1H - Technical analysis published on 08/05/2020 (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:
Bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 11,485.00 USD
My targets
12,113.70 USD (+3.60%)
12,932.90 USD (+10.61%)
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 11,485.00 USD. The next resistance located at 12,113.70 USD is the next bullish target 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 12,932.90 USD. After this resistance, buyers could then target 19,345.50 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
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
BITCOIN - BTC/USD rating 11,692.85 USD. On the day, this instrument gained +4.43% and was between 11,118.04 USD and 11,732.12 USD. This implies that the price is at +5.17% from its lowest and at -0.33% from its highest.11,118.04
11,732.12
11,692.85
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 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
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
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 | 10,870.80 | 11,088.60 | 11,485.00 | 11,692.85 | 11,736.20 | 12,113.70 | 12,932.90 |
| Change (%) | -7.03% | -5.17% | -1.78% | - | +0.37% | +3.60% | +10.61% |
| Change | -822.05 | -604.25 | -207.85 | - | +43.35 | +420.85 | +1,240.05 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,923.63 | 7,015.02 | 7,170.27 | 7,261.66 | 7,416.91 | 7,508.30 | 7,663.55 |
| Camarilla | 7,257.69 | 7,280.30 | 7,302.91 | 7,325.52 | 7,348.13 | 7,370.74 | 7,393.35 |
| Woodie | 6,955.56 | 7,030.99 | 7,202.20 | 7,277.63 | 7,448.84 | 7,524.27 | 7,695.48 |
| Fibonacci | 7,015.02 | 7,109.24 | 7,167.44 | 7,261.66 | 7,355.88 | 7,414.08 | 7,508.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.38 | 215.22 | 223.16 | 233.00 | 240.94 | 250.78 | 258.72 |
| Camarilla | 226.22 | 227.85 | 229.48 | 231.11 | 232.74 | 234.37 | 236.00 |
| Woodie | 204.44 | 214.75 | 222.22 | 232.53 | 240.00 | 250.31 | 257.78 |
| Fibonacci | 215.22 | 222.01 | 226.21 | 233.00 | 239.79 | 243.99 | 250.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,504.35 | 8,305.38 | 9,750.99 | 8,552.02 | 9,997.63 | 8,798.66 | 10,244.27 |
| Camarilla | 11,128.77 | 11,151.38 | 11,173.99 | 11,196.60 | 11,219.21 | 11,241.82 | 11,264.43 |
| Woodie | 10,826.64 | 8,966.53 | 11,073.28 | 9,213.17 | 11,319.92 | 9,459.81 | 11,566.56 |
| Fibonacci | 8,305.38 | 8,399.60 | 8,457.80 | 8,552.02 | 8,646.24 | 8,704.44 | 8,798.66 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 59.06 | |
| MACD (12,26,9): | 136.5500 | |
| Directional Movement: | 12.48 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 11,610.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,000.56 | |
| Elder Ray (13): | 142.02 | |
| Super Trend (3,10): | 11,210.28 | |
| Zig ZAG (10): | 11,695.78 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 94.46 | |
| TEMA (21): | 11,721.23 | |
| Williams %R (14): | -11.57 | |
| Chande Momentum Oscillator (20): | 403.75 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 12.36 |
| MA7: | 10,813.13 | |
| MA20: | 10,260.08 | |
| MA50: | 9,652.91 | |
| MA100: | 9,506.51 | |
| MAexp7: | 11,629.95 | |
| MAexp20: | 11,456.65 | |
| MAexp50: | 11,340.40 | |
| MAexp100: | 11,289.81 | |
| Price / MA7: | +8.14% | |
| Price / MA20: | +13.96% | |
| Price / MA50: | +21.13% | |
| Price / MA100: | +23.00% | |
| Price / MAexp7: | +0.54% | |
| Price / MAexp20: | +2.06% | |
| Price / MAexp50: | +3.11% | |
| Price / MAexp100: | +3.57% |
Quotes :
2020-08-05 19:33:25
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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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