BITCOIN - BTC/USD - 1H - Technical analysis published on 10/05/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 10,661.80 USD
My targets
10,952.60 USD (+1.98%)
11,504.60 USD (+7.12%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 10,661.80 USD, you could try to benefit from the boom. The first bullish objective is located at 10,952.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11,504.60 USD as an objective. Crossing it would then enable buyers to target 12,303.60 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
8.4
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This analysis was given by Currenciesboost. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 10,739.54 USD. On the day, this instrument gained +0.64% with the lowest point at 10,622.04 USD and the highest point at 10,774.47 USD. The deviation from the price is +1.11% for the low point and -0.32% for the high point.10,622.04
10,774.47
10,739.54
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. 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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 10,428.90 | 10,597.70 | 10,661.80 | 10,739.54 | 10,798.80 | 10,952.60 | 11,504.60 |
| Change (%) | -2.89% | -1.32% | -0.72% | - | +0.55% | +1.98% | +7.12% |
| Change | -310.64 | -141.84 | -77.74 | - | +59.26 | +213.06 | +765.06 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,391.12 | 10,457.31 | 10,564.22 | 10,630.41 | 10,737.32 | 10,803.51 | 10,910.42 |
| Camarilla | 10,623.54 | 10,639.41 | 10,655.27 | 10,671.14 | 10,687.01 | 10,702.87 | 10,718.74 |
| Woodie | 10,411.49 | 10,467.49 | 10,584.59 | 10,640.59 | 10,757.69 | 10,813.69 | 10,930.79 |
| Fibonacci | 10,457.31 | 10,523.43 | 10,564.28 | 10,630.41 | 10,696.53 | 10,737.38 | 10,803.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,703.58 | 10,033.74 | 10,292.28 | 10,622.44 | 10,880.98 | 11,211.14 | 11,469.68 |
| Camarilla | 10,388.93 | 10,442.89 | 10,496.86 | 10,550.82 | 10,604.78 | 10,658.75 | 10,712.71 |
| Woodie | 9,667.77 | 10,015.84 | 10,256.47 | 10,604.54 | 10,845.17 | 11,193.23 | 11,433.87 |
| Fibonacci | 10,033.74 | 10,258.62 | 10,397.56 | 10,622.44 | 10,847.32 | 10,986.26 | 11,211.14 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,533.72 | 8,697.37 | 9,736.49 | 10,900.14 | 11,939.26 | 13,102.91 | 14,142.03 |
| Camarilla | 10,169.84 | 10,371.76 | 10,573.68 | 10,775.60 | 10,977.52 | 11,179.44 | 11,381.36 |
| Woodie | 7,471.45 | 8,666.24 | 9,674.22 | 10,869.01 | 11,876.98 | 13,071.78 | 14,079.75 |
| Fibonacci | 8,697.37 | 9,538.83 | 10,058.69 | 10,900.14 | 11,741.60 | 12,261.46 | 13,102.91 |
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): | 60.20 | |
| MACD (12,26,9): | 25.1400 | |
| Directional Movement: | 13.14 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 10,729.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,652.01 | |
| Elder Ray (13): | 17.73 | |
| Super Trend (3,10): | 10,630.74 | |
| Zig ZAG (10): | 10,742.35 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 62.82 | |
| TEMA (21): | 10,732.34 | |
| Williams %R (14): | -25.80 | |
| Chande Momentum Oscillator (20): | 39.98 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.77 |
| MA7: | 10,681.48 | |
| MA20: | 10,721.70 | |
| MA50: | 10,950.24 | |
| MA100: | 10,586.00 | |
| MAexp7: | 10,723.83 | |
| MAexp20: | 10,699.32 | |
| MAexp50: | 10,658.84 | |
| MAexp100: | 10,645.82 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +0.17% | |
| Price / MA50: | -1.92% | |
| Price / MA100: | +1.45% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.88% |
Quotes :
2020-10-05 20:45:49
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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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