BITCOIN - BTC/USD - 1H - Technical analysis published on 10/10/2020 (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
44%
11%
44%
My opinion
Bullish above 11,110.30 USD
My targets
11,504.60 USD (+1.08%)
12,303.60 USD (+8.10%)
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 11,110.30 USD. The next resistance located at 11,504.60 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 12,303.60 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.1
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This analysis was given by TurtleHermitZ9k. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 11,382.09 USD. The price registered an increase of +2.93% on the session and was between 11,056.39 USD and 11,494.97 USD. This implies that the price is at +2.95% from its lowest and at -0.98% from its highest.11,056.39
11,494.97
11,382.09
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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. 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, only 8 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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:
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 | 10,834.80 | 10,962.70 | 11,110.30 | 11,382.09 | 11,504.60 | 12,303.60 | 12,932.90 |
| Change (%) | -4.81% | -3.68% | -2.39% | - | +1.08% | +8.10% | +13.63% |
| Change | -547.29 | -419.39 | -271.79 | - | +122.51 | +921.51 | +1,550.81 |
| Level | Intermediate | 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 | 10,616.22 | 10,725.51 | 10,891.71 | 11,001.00 | 11,167.20 | 11,276.49 | 11,442.69 |
| Camarilla | 10,982.15 | 11,007.40 | 11,032.66 | 11,057.91 | 11,083.16 | 11,108.42 | 11,133.67 |
| Woodie | 10,644.68 | 10,739.74 | 10,920.17 | 11,015.23 | 11,195.66 | 11,290.72 | 11,471.15 |
| Fibonacci | 10,725.51 | 10,830.75 | 10,895.76 | 11,001.00 | 11,106.24 | 11,171.25 | 11,276.49 |
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): | 71.75 | |
| MACD (12,26,9): | 90.0900 | |
| Directional Movement: | 21.53 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 11,403.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,470.69 | |
| Elder Ray (13): | 50.05 | |
| Super Trend (3,10): | 11,215.70 | |
| Zig ZAG (10): | 11,375.13 | |
| VORTEX (21): | 1.2600 | |
| Stochastique (14,3,5): | 68.68 | |
| TEMA (21): | 11,406.57 | |
| Williams %R (14): | -30.91 | |
| Chande Momentum Oscillator (20): | -39.75 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.57 |
| MA7: | 10,873.35 | |
| MA20: | 10,714.72 | |
| MA50: | 10,856.23 | |
| MA100: | 10,675.29 | |
| MAexp7: | 11,355.12 | |
| MAexp20: | 11,279.24 | |
| MAexp50: | 11,110.37 | |
| MAexp100: | 10,956.04 | |
| Price / MA7: | +4.68% | |
| Price / MA20: | +6.23% | |
| Price / MA50: | +4.84% | |
| Price / MA100: | +6.62% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +2.45% | |
| Price / MAexp100: | +3.89% |
Quotes :
2020-10-10 15:28:16
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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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