BITCOIN - BTC/USD - 1H - Technical analysis published on 08/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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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 11,828.90 USD
My targets
12,113.70 USD (+0.77%)
12,932.90 USD (+7.58%)
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 11,828.90 USD. The next resistance located at 12,113.70 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 12,932.90 USD. After this resistance, buyers could then target 19,345.50 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.
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
7.9
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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 12,021.51 USD. The price has increased by +2.85% since the last closing and was traded between 11,688.29 USD and 12,081.80 USD over the period. The price is currently at +2.85% from its lowest and -0.50% from its highest.11,688.29
12,081.80
12,021.51
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed 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, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance 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 | 11,485.00 | 11,662.00 | 11,828.90 | 12,021.51 | 12,113.70 | 12,932.90 | 19,345.50 |
| Change (%) | -4.46% | -2.99% | -1.60% | - | +0.77% | +7.58% | +60.92% |
| Change | -536.51 | -359.51 | -192.61 | - | +92.19 | +911.39 | +7,323.99 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,268.39 | 11,400.44 | 11,544.25 | 11,676.30 | 11,820.11 | 11,952.16 | 12,095.97 |
| Camarilla | 11,612.19 | 11,637.48 | 11,662.76 | 11,688.05 | 11,713.34 | 11,738.62 | 11,763.91 |
| Woodie | 11,274.26 | 11,403.38 | 11,550.12 | 11,679.24 | 11,825.98 | 11,955.10 | 12,101.84 |
| Fibonacci | 11,400.44 | 11,505.82 | 11,570.93 | 11,676.30 | 11,781.68 | 11,846.79 | 11,952.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,531.77 | 10,115.79 | 10,945.67 | 11,529.69 | 12,359.57 | 12,943.59 | 13,773.47 |
| Camarilla | 11,386.74 | 11,516.35 | 11,645.95 | 11,775.56 | 11,905.17 | 12,034.78 | 12,164.38 |
| Woodie | 9,654.71 | 10,177.26 | 11,068.61 | 11,591.16 | 12,482.51 | 13,005.06 | 13,896.41 |
| Fibonacci | 10,115.79 | 10,655.90 | 10,989.58 | 11,529.69 | 12,069.80 | 12,403.48 | 12,943.59 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 75.05 | |
| MACD (12,26,9): | 38.5400 | |
| Directional Movement: | 31.14 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 11,750.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,651.35 | |
| Elder Ray (13): | 226.80 | |
| Super Trend (3,10): | 11,714.23 | |
| Zig ZAG (10): | 12,014.68 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 92.42 | |
| TEMA (21): | 11,861.34 | |
| Williams %R (14): | -14.26 | |
| Chande Momentum Oscillator (20): | 414.87 | |
| Repulse (5,40,3): | 1.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.05 |
| MA7: | 11,686.17 | |
| MA20: | 10,992.23 | |
| MA50: | 9,938.23 | |
| MA100: | 9,670.32 | |
| MAexp7: | 11,854.88 | |
| MAexp20: | 11,718.72 | |
| MAexp50: | 11,696.32 | |
| MAexp100: | 11,656.19 | |
| Price / MA7: | +2.87% | |
| Price / MA20: | +9.36% | |
| Price / MA50: | +20.96% | |
| Price / MA100: | +24.31% | |
| Price / MAexp7: | +1.43% | |
| Price / MAexp20: | +2.61% | |
| Price / MAexp50: | +2.80% | |
| Price / MAexp100: | +3.16% |
Quotes :
2020-08-10 03:08:48
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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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