BITCOIN - BTC/USD - 1H - Technical analysis published on 09/26/2020 (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
67%
0%
33%
My opinion
Bullish above 10,554.40 USD
My targets
10,815.90 USD (+0.61%)
10,987.90 USD (+2.21%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 10,554.40 USD, you could try to benefit from the boom. The first bullish objective is located at 10,815.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10,987.90 USD as an objective. Crossing it would then enable buyers to target 11,174.30 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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 Jireh2360. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 10,749.80 USD. On the day, this instrument gained +0.51% and was traded between 10,662.20 USD and 10,750.00 USD over the period. The price is currently at +0.82% from its lowest and +0.00% from its highest.10,662.20
10,750.00
10,749.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
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:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
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:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
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 | 10,371.20 | 10,554.40 | 10,731.40 | 10,749.80 | 10,815.90 | 10,987.90 | 11,174.30 |
| Change (%) | -3.52% | -1.82% | -0.17% | - | +0.61% | +2.21% | +3.95% |
| Change | -378.60 | -195.40 | -18.40 | - | +66.10 | +238.10 | +424.50 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,365.98 | 10,459.49 | 10,577.20 | 10,670.71 | 10,788.42 | 10,881.93 | 10,999.64 |
| Camarilla | 10,636.82 | 10,656.18 | 10,675.54 | 10,694.90 | 10,714.26 | 10,733.62 | 10,752.99 |
| Woodie | 10,378.07 | 10,465.54 | 10,589.29 | 10,676.76 | 10,800.51 | 10,887.98 | 11,011.73 |
| Fibonacci | 10,459.49 | 10,540.18 | 10,590.03 | 10,670.71 | 10,751.40 | 10,801.25 | 10,881.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,507.64 | 9,859.62 | 10,470.34 | 10,822.32 | 11,433.04 | 11,785.02 | 12,395.74 |
| Camarilla | 10,816.32 | 10,904.57 | 10,992.81 | 11,081.06 | 11,169.31 | 11,257.56 | 11,345.80 |
| Woodie | 9,637.01 | 9,924.31 | 10,599.71 | 10,887.01 | 11,562.41 | 11,849.71 | 12,525.11 |
| Fibonacci | 9,859.62 | 10,227.37 | 10,454.57 | 10,822.32 | 11,190.07 | 11,417.27 | 11,785.02 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 60.98 | |
| MACD (12,26,9): | 29.2200 | |
| Directional Movement: | 3.37 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 10,734.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,660.40 | |
| Elder Ray (13): | 33.69 | |
| Super Trend (3,10): | 10,607.44 | |
| Zig ZAG (10): | 10,745.90 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 81.11 | |
| TEMA (21): | 10,729.30 | |
| Williams %R (14): | -11.90 | |
| Chande Momentum Oscillator (20): | 39.11 | |
| Repulse (5,40,3): | 0.4400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.24 |
| MA7: | 10,612.61 | |
| MA20: | 10,595.23 | |
| MA50: | 11,138.64 | |
| MA100: | 10,463.08 | |
| MAexp7: | 10,721.21 | |
| MAexp20: | 10,692.04 | |
| MAexp50: | 10,631.28 | |
| MAexp100: | 10,608.98 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | -3.49% | |
| Price / MA100: | +2.74% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.54% | |
| Price / MAexp50: | +1.11% | |
| Price / MAexp100: | +1.33% |
Quotes :
2020-09-26 05:40:31
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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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