BITCOIN - BTC/USD - 1H - Technical analysis published on 08/13/2020 (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
89%
0%
11%
My opinion
Bullish above 11,664.40 USD
My targets
11,918.40 USD (+1.21%)
12,081.80 USD (+2.60%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USD. This is a positive signal for buyers. As long as the price remains above 11,664.40 USD, a purchase could be considered. The first bullish objective is located at 11,918.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,081.80 USD as an objective. Crossing it would then enable buyers to target 12,932.90 USD. In the event of a return below 11,664.40 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
7.5
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 11,775.92 USD. The price has increased by +1.73% since the last closing with the lowest point at 11,282.35 USD and the highest point at 11,794.95 USD. The deviation from the price is +4.37% for the low point and -0.16% for the high point.11,282.35
11,794.95
11,775.92
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
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 an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 11,350.60 | 11,533.70 | 11,664.40 | 11,775.92 | 11,828.90 | 11,918.40 | 12,081.80 |
| Change (%) | -3.61% | -2.06% | -0.95% | - | +0.45% | +1.21% | +2.60% |
| Change | -425.32 | -242.22 | -111.52 | - | +52.98 | +142.48 | +305.88 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 10,892.08 | 11,048.35 | 11,312.25 | 11,468.52 | 11,732.42 | 11,888.69 | 12,152.59 |
| Camarilla | 11,460.61 | 11,499.13 | 11,537.65 | 11,576.16 | 11,614.68 | 11,653.19 | 11,691.71 |
| Woodie | 10,945.91 | 11,075.26 | 11,366.08 | 11,495.43 | 11,786.25 | 11,915.60 | 12,206.42 |
| Fibonacci | 11,048.35 | 11,208.85 | 11,308.01 | 11,468.52 | 11,629.02 | 11,728.18 | 11,888.69 |
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 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): | 68.96 | |
| MACD (12,26,9): | 46.6100 | |
| Directional Movement: | 14.87 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 11,633.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,406.96 | |
| Elder Ray (13): | 155.90 | |
| Super Trend (3,10): | 11,520.55 | |
| Zig ZAG (10): | 11,777.28 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 91.56 | |
| TEMA (21): | 11,670.64 | |
| Williams %R (14): | -9.27 | |
| Chande Momentum Oscillator (20): | 204.49 | |
| Repulse (5,40,3): | 0.8200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.58 |
| MA7: | 11,669.72 | |
| MA20: | 11,287.37 | |
| MA50: | 10,058.46 | |
| MA100: | 9,748.27 | |
| MAexp7: | 11,630.90 | |
| MAexp20: | 11,584.94 | |
| MAexp50: | 11,564.40 | |
| MAexp100: | 11,589.67 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +4.33% | |
| Price / MA50: | +17.07% | |
| Price / MA100: | +20.80% | |
| Price / MAexp7: | +1.25% | |
| Price / MAexp20: | +1.65% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +1.61% |
Quotes :
2020-08-13 23:51:17
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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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