BITCOIN - BTC/USD - 1H - Technical analysis published on 09/18/2020 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10,743.90 USD
My targets
11,098.60 USD (+1.25%)
11,989.00 USD (+9.37%)
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 10,743.90 USD. The next resistance located at 11,098.60 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 11,989.00 USD. After this resistance, buyers could then target 12,932.90 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
8.2
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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 10,962.10 USD. The price registered an increase of +0.17% on the session and was traded between 10,882.90 USD and 10,979.28 USD over the period. The price is currently at +0.73% from its lowest and -0.16% from its highest.10,882.90
10,979.28
10,962.10
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,581.20 | 10,743.90 | 10,940.00 | 10,962.10 | 11,098.60 | 11,989.00 | 12,932.90 |
| Change (%) | -3.47% | -1.99% | -0.20% | - | +1.25% | +9.37% | +17.98% |
| Change | -380.90 | -218.20 | -22.10 | - | +136.50 | +1,026.90 | +1,970.80 |
| Level | Minor | Minor | Minor | - | Intermediate | 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 | 10,476.32 | 10,609.75 | 10,776.81 | 10,910.24 | 11,077.30 | 11,210.73 | 11,377.79 |
| Camarilla | 10,861.23 | 10,888.77 | 10,916.32 | 10,943.86 | 10,971.41 | 10,998.95 | 11,026.50 |
| Woodie | 10,493.13 | 10,618.16 | 10,793.62 | 10,918.65 | 11,094.11 | 11,219.14 | 11,394.60 |
| Fibonacci | 10,609.75 | 10,724.54 | 10,795.46 | 10,910.24 | 11,025.03 | 11,095.95 | 11,210.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,413.75 | 9,637.39 | 10,040.92 | 10,264.56 | 10,668.09 | 10,891.73 | 11,295.26 |
| Camarilla | 10,271.98 | 10,329.47 | 10,386.96 | 10,444.45 | 10,501.94 | 10,559.43 | 10,616.92 |
| Woodie | 9,503.70 | 9,682.36 | 10,130.87 | 10,309.53 | 10,758.04 | 10,936.70 | 11,385.21 |
| Fibonacci | 9,637.39 | 9,876.97 | 10,024.98 | 10,264.56 | 10,504.14 | 10,652.15 | 10,891.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,975.53 | 9,837.67 | 10,747.93 | 11,610.07 | 12,520.33 | 13,382.47 | 14,292.73 |
| Camarilla | 11,170.79 | 11,333.26 | 11,495.73 | 11,658.20 | 11,820.67 | 11,983.14 | 12,145.61 |
| Woodie | 8,999.60 | 9,849.70 | 10,772.00 | 11,622.10 | 12,544.40 | 13,394.50 | 14,316.80 |
| Fibonacci | 9,837.67 | 10,514.72 | 10,933.01 | 11,610.07 | 12,287.12 | 12,705.41 | 13,382.47 |
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): | 57.05 | |
| MACD (12,26,9): | 15.1900 | |
| Directional Movement: | -0.26 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 10,936.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,886.72 | |
| Elder Ray (13): | 19.74 | |
| Super Trend (3,10): | 10,811.37 | |
| Zig ZAG (10): | 10,944.17 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 81.51 | |
| TEMA (21): | 10,944.45 | |
| Williams %R (14): | -21.78 | |
| Chande Momentum Oscillator (20): | 22.73 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.01 |
| MA7: | 10,726.25 | |
| MA20: | 10,716.15 | |
| MA50: | 11,267.98 | |
| MA100: | 10,363.04 | |
| MAexp7: | 10,937.88 | |
| MAexp20: | 10,920.99 | |
| MAexp50: | 10,888.27 | |
| MAexp100: | 10,799.09 | |
| Price / MA7: | +2.20% | |
| Price / MA20: | +2.30% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | +5.78% | |
| Price / MAexp7: | +0.22% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +1.51% |
Quotes :
2020-09-18 09:04:49
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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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