BITCOIN - BTC/USD - 1H - Technical analysis published on 10/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 11,313.90 USD
My targets
11,504.60 USD (+0.62%)
11,725.90 USD (+2.55%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USD. This is a positive signal for buyers. As long as the price remains above 11,313.90 USD, a purchase could be considered. 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 11,725.90 USD as an objective. Crossing it would then enable buyers to target 12,303.60 USD. In the event of a return below 11,313.90 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be 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
6.8
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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
The BITCOIN - BTC/USD price is 11,434.20 USD. The price has increased by +0.62% since the last closing and was between 11,355.70 USD and 11,477.00 USD. This implies that the price is at +0.69% from its lowest and at -0.37% from its highest.11,355.70
11,477.00
11,434.20
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
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 bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Piercing line
Type : Bullish
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
Grip bottom and piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,110.30 | 11,208.30 | 11,313.90 | 11,434.20 | 11,504.60 | 11,725.90 | 12,303.60 |
| Change (%) | -2.83% | -1.98% | -1.05% | - | +0.62% | +2.55% | +7.60% |
| Change | -323.90 | -225.90 | -120.30 | - | +70.40 | +291.70 | +869.40 |
| Level | Minor | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,117.73 | 11,186.17 | 11,274.93 | 11,343.37 | 11,432.13 | 11,500.57 | 11,589.33 |
| Camarilla | 11,320.47 | 11,334.88 | 11,349.29 | 11,363.70 | 11,378.11 | 11,392.52 | 11,406.93 |
| Woodie | 11,127.90 | 11,191.25 | 11,285.10 | 11,348.45 | 11,442.30 | 11,505.65 | 11,599.50 |
| Fibonacci | 11,186.17 | 11,246.22 | 11,283.32 | 11,343.37 | 11,403.42 | 11,440.52 | 11,500.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,620.27 | 10,913.83 | 11,138.77 | 11,432.33 | 11,657.27 | 11,950.83 | 12,175.77 |
| Camarilla | 11,221.11 | 11,268.64 | 11,316.17 | 11,363.70 | 11,411.23 | 11,458.76 | 11,506.29 |
| Woodie | 10,585.95 | 10,896.68 | 11,104.45 | 11,415.18 | 11,622.95 | 11,933.68 | 12,141.45 |
| Fibonacci | 10,913.83 | 11,111.90 | 11,234.27 | 11,432.33 | 11,630.40 | 11,752.77 | 11,950.83 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.49 | |
| MACD (12,26,9): | 20.6700 | |
| Directional Movement: | 15.11 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 11,421.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,317.59 | |
| Elder Ray (13): | 20.82 | |
| Super Trend (3,10): | 11,362.21 | |
| Zig ZAG (10): | 11,423.88 | |
| VORTEX (21): | 1.1600 | |
| Stochastique (14,3,5): | 59.55 | |
| TEMA (21): | 11,438.73 | |
| Williams %R (14): | -37.46 | |
| Chande Momentum Oscillator (20): | 61.85 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.26 |
| MA7: | 11,432.07 | |
| MA20: | 11,039.16 | |
| MA50: | 10,838.09 | |
| MA100: | 10,849.80 | |
| MAexp7: | 11,424.84 | |
| MAexp20: | 11,397.72 | |
| MAexp50: | 11,381.52 | |
| MAexp100: | 11,375.39 | |
| Price / MA7: | +0.02% | |
| Price / MA20: | +3.58% | |
| Price / MA50: | +5.50% | |
| Price / MA100: | +5.39% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +0.52% |
Quotes :
2020-10-18 12:08:40
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Real time data
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Cryptocompare
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