BITCOIN - BTC/USD - 1H - Technical analysis published on 11/23/2020 (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
61%
11%
28%
My opinion
Bullish above 17,720.80 USD
My targets
18,829.30 USD (+1.32%)
19,345.50 USD (+4.10%)
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 17,720.80 USD. The next resistance located at 18,829.30 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 19,345.50 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
6.6
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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 rating is 18,584.05 USD. On the day, this instrument gained +0.78% and was between 18,002.91 USD and 18,776.87 USD. This implies that the price is at +3.23% from its lowest and at -1.03% from its highest.18,002.91
18,776.87
18,584.05
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. 82.14% 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.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 15,607.60 | 16,169.20 | 17,720.80 | 18,584.05 | 18,829.30 | 19,345.50 |
| Change (%) | -16.02% | -12.99% | -4.65% | - | +1.32% | +4.10% |
| Change | -2,976.45 | -2,414.85 | -863.25 | - | +245.25 | +761.45 |
| Level | Major | Minor | 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 | 16,635.40 | 17,126.22 | 17,783.27 | 18,274.09 | 18,931.14 | 19,421.96 | 20,079.02 |
| Camarilla | 18,124.67 | 18,229.89 | 18,335.11 | 18,440.33 | 18,545.55 | 18,650.77 | 18,756.00 |
| Woodie | 16,718.52 | 17,167.78 | 17,866.40 | 18,315.65 | 19,014.27 | 19,463.52 | 20,162.14 |
| Fibonacci | 17,126.22 | 17,564.70 | 17,835.60 | 18,274.09 | 18,712.57 | 18,983.47 | 19,421.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,487.27 | 14,641.73 | 16,670.87 | 17,825.33 | 19,854.47 | 21,008.93 | 23,038.07 |
| Camarilla | 17,824.51 | 18,116.34 | 18,408.17 | 18,700.00 | 18,991.83 | 19,283.66 | 19,575.49 |
| Woodie | 13,924.60 | 14,860.40 | 17,108.20 | 18,044.00 | 20,291.80 | 21,227.60 | 23,475.40 |
| Fibonacci | 14,641.73 | 15,857.87 | 16,609.20 | 17,825.33 | 19,041.47 | 19,792.80 | 21,008.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,707.77 | 9,035.83 | 11,423.77 | 12,751.83 | 15,139.77 | 16,467.83 | 18,855.77 |
| Camarilla | 12,789.80 | 13,130.43 | 13,471.07 | 13,811.70 | 14,152.33 | 14,492.97 | 14,833.60 |
| Woodie | 8,237.70 | 9,300.80 | 11,953.70 | 13,016.80 | 15,669.70 | 16,732.80 | 19,385.70 |
| Fibonacci | 9,035.83 | 10,455.35 | 11,332.32 | 12,751.83 | 14,171.35 | 15,048.32 | 16,467.83 |
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): | 51.07 | |
| MACD (12,26,9): | 44.8700 | |
| Directional Movement: | -9.39 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 18,570.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 18,233.13 | |
| Elder Ray (13): | 28.43 | |
| Super Trend (3,10): | 18,158.27 | |
| Zig ZAG (10): | 18,638.73 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 85.69 | |
| TEMA (21): | 18,629.05 | |
| Williams %R (14): | -16.46 | |
| Chande Momentum Oscillator (20): | 404.13 | |
| Repulse (5,40,3): | 0.3000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.78 |
| MA7: | 18,255.62 | |
| MA20: | 16,554.87 | |
| MA50: | 13,974.83 | |
| MA100: | 12,474.47 | |
| MAexp7: | 18,619.30 | |
| MAexp20: | 18,517.95 | |
| MAexp50: | 18,479.27 | |
| MAexp100: | 18,309.25 | |
| Price / MA7: | +1.80% | |
| Price / MA20: | +12.26% | |
| Price / MA50: | +32.98% | |
| Price / MA100: | +48.98% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +1.50% |
Quotes :
2020-11-23 13:54:38
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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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