BITCOIN - BTC/USD - 1H - Technical analysis published on 10/09/2020 (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
83%
0%
17%
My opinion
Bullish above 10,962.70 USD
My targets
11,504.60 USD (+3.83%)
12,303.60 USD (+11.04%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 10,962.70 USD, you could try to benefit from the boom. The first bullish objective is located at 11,504.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 12,303.60 USD as an objective. Crossing it would then enable buyers to target 12,932.90 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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
BITCOIN - BTC/USD rating 11,080.75 USD. The price registered an increase of +1.36% on the session and was traded between 10,834.80 USD and 11,110.29 USD over the period. The price is currently at +2.27% from its lowest and -0.27% from its highest.10,834.80
11,110.29
11,080.75
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 (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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
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 : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 10,680.20 | 10,799.30 | 10,962.70 | 11,080.75 | 11,504.60 | 12,303.60 | 12,932.90 |
| Change (%) | -3.61% | -2.54% | -1.07% | - | +3.83% | +11.04% | +16.72% |
| Change | -400.55 | -281.45 | -118.05 | - | +423.85 | +1,222.85 | +1,852.15 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
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 | 10,225.40 | 10,378.94 | 10,655.64 | 10,809.18 | 11,085.88 | 11,239.42 | 11,516.12 |
| Camarilla | 10,814.02 | 10,853.46 | 10,892.90 | 10,932.34 | 10,971.78 | 11,011.22 | 11,050.66 |
| Woodie | 10,286.98 | 10,409.73 | 10,717.22 | 10,839.97 | 11,147.46 | 11,270.21 | 11,577.70 |
| Fibonacci | 10,378.94 | 10,543.29 | 10,644.83 | 10,809.18 | 10,973.53 | 11,075.07 | 11,239.42 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 76.02 | |
| MACD (12,26,9): | 72.6000 | |
| Directional Movement: | 29.55 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 11,012.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,864.62 | |
| Elder Ray (13): | 113.13 | |
| Super Trend (3,10): | 10,905.65 | |
| Zig ZAG (10): | 11,084.44 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 85.68 | |
| TEMA (21): | 11,061.77 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 174.16 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 2.13 |
| MA7: | 10,756.87 | |
| MA20: | 10,693.16 | |
| MA50: | 10,859.65 | |
| MA100: | 10,652.67 | |
| MAexp7: | 11,003.04 | |
| MAexp20: | 10,921.04 | |
| MAexp50: | 10,818.69 | |
| MAexp100: | 10,751.15 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | +3.62% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +4.02% | |
| Price / MAexp7: | +0.71% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +2.42% | |
| Price / MAexp100: | +3.07% |
Quotes :
2020-10-09 14:07:14
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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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