BITCOIN - BTC/USD - 1H - Technical analysis published on 10/14/2020 (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%
22%
33%
My opinion
Bullish above 11,313.90 USD
My targets
11,725.90 USD (+1.71%)
12,303.60 USD (+6.73%)
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 11,313.90 USD. The next resistance located at 11,725.90 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.4
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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 rating is 11,528.20 USD. The price has increased by +0.87% since the last closing with the lowest point at 11,370.00 USD and the highest point at 11,555.00 USD. The deviation from the price is +1.39% for the low point and -0.23% for the high point.11,370.00
11,555.00
11,528.20
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
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 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. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,838.30 | 11,313.90 | 11,504.60 | 11,528.20 | 11,725.90 | 12,303.60 | 12,932.90 |
| Change (%) | -5.98% | -1.86% | -0.20% | - | +1.71% | +6.73% | +12.18% |
| Change | -689.90 | -214.30 | -23.60 | - | +197.70 | +775.40 | +1,404.70 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,064.50 | 11,189.80 | 11,309.20 | 11,434.50 | 11,553.90 | 11,679.20 | 11,798.60 |
| Camarilla | 11,361.31 | 11,383.74 | 11,406.17 | 11,428.60 | 11,451.03 | 11,473.46 | 11,495.89 |
| Woodie | 11,061.55 | 11,188.32 | 11,306.25 | 11,433.03 | 11,550.95 | 11,677.73 | 11,795.65 |
| Fibonacci | 11,189.80 | 11,283.28 | 11,341.02 | 11,434.50 | 11,527.98 | 11,585.72 | 11,679.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,745.37 | 10,134.43 | 10,716.87 | 11,105.93 | 11,688.37 | 12,077.43 | 12,659.87 |
| Camarilla | 11,032.14 | 11,121.19 | 11,210.25 | 11,299.30 | 11,388.35 | 11,477.41 | 11,566.46 |
| Woodie | 9,842.05 | 10,182.78 | 10,813.55 | 11,154.28 | 11,785.05 | 12,125.78 | 12,756.55 |
| Fibonacci | 10,134.43 | 10,505.55 | 10,734.82 | 11,105.93 | 11,477.05 | 11,706.32 | 12,077.43 |
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): | 50.03 | |
| MACD (12,26,9): | -8.4900 | |
| Directional Movement: | -5.07 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 11,410.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,598.32 | |
| Elder Ray (13): | 5.11 | |
| Super Trend (3,10): | 11,303.10 | |
| Zig ZAG (10): | 11,424.30 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 30.15 | |
| TEMA (21): | 11,404.21 | |
| Williams %R (14): | -55.81 | |
| Chande Momentum Oscillator (20): | -30.40 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.38 |
| MA7: | 11,293.04 | |
| MA20: | 10,908.24 | |
| MA50: | 10,843.68 | |
| MA100: | 10,766.85 | |
| MAexp7: | 11,411.04 | |
| MAexp20: | 11,431.42 | |
| MAexp50: | 11,426.33 | |
| MAexp100: | 11,358.93 | |
| Price / MA7: | +2.08% | |
| Price / MA20: | +5.68% | |
| Price / MA50: | +6.31% | |
| Price / MA100: | +7.07% | |
| Price / MAexp7: | +1.03% | |
| Price / MAexp20: | +0.85% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | +1.49% |
Quotes :
2020-10-14 13:54:08
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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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