BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 01/16/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 36,645.30 USD
My targets
38,742.60 USD (+4.34%)
40,672.60 USD (+9.54%)
My analysis
A bullish trend on BITCOIN - BTC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 36,645.30 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 38,742.60 USD. Then the price could move towards 40,672.60 USD. Be careful, a return below 36,645.30 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by apjha. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 37,131.00 USD. The price has increased by +0.94% since the last closing and was traded between 35,557.00 USD and 37,947.50 USD over the period. The price is currently at +4.43% from its lowest and -2.15% from its highest.

35,557.00
37,947.50
37,131.00

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 32,455.50 34,844.00 36,645.30 37,131.00 38,742.60 40,672.60
Change (%) -12.59% -6.16% -1.31% - +4.34% +9.54%
Change -4,675.50 -2,287.00 -485.70 - +1,611.60 +3,541.60
Level Intermediate Minor Intermediate - Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28,880.4831,625.7434,205.8236,951.0839,531.1642,276.4244,856.50
Camarilla35,321.4335,809.5936,297.7436,785.9037,274.0537,762.2138,250.37
Woodie28,797.8931,584.4434,123.2336,909.7839,448.5742,235.1344,773.91
Fibonacci31,625.7433,660.0234,916.8036,951.0838,985.3640,242.1442,276.42


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17,289.8922,575.6431,416.4836,702.2445,543.0850,828.8459,669.69
Camarilla36,372.5137,667.4538,962.3940,257.3341,552.2742,847.2144,142.14
Woodie19,067.4323,464.4133,194.0337,591.0247,320.6351,717.6161,447.23
Fibonacci22,575.6427,972.0031,305.8836,702.2442,098.6045,432.4850,828.84


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,521.4313,551.4721,259.8325,289.8732,998.2337,028.2744,736.63
Camarilla25,740.1426,816.1627,892.1828,968.2030,044.2231,120.2432,196.26
Woodie11,360.6014,471.0523,099.0026,209.4534,837.4037,947.8546,575.80
Fibonacci13,551.4718,035.5320,805.8025,289.8729,773.9332,544.2037,028.27

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): 51.04
MACD (12,26,9): 29.8000
Directional Movement: -6.75
AROON (14): 35.72
DEMA (21): 36,953.38
Parabolic SAR (0,02-0,02-0,2): 35,952.48
Elder Ray (13): -16.10
Super Trend (3,10): 38,129.47
Zig ZAG (10): 37,163.40
VORTEX (21): 1.1200
Stochastique (14,3,5): 69.32
TEMA (21): 37,180.46
Williams %R (14): -33.01
Chande Momentum Oscillator (20): 961.90
Repulse (5,40,3): -0.1100
ROCnROLL: 1
TRIX (15,9): -0.0500
Courbe Coppock: 3.91
MA7: 36,870.10
MA20: 34,412.06
MA50: 26,263.82
MA100: 20,410.58
MAexp7: 37,167.37
MAexp20: 37,003.14
MAexp50: 37,082.13
MAexp100: 36,968.97
Price / MA7: +0.71%
Price / MA20: +7.90%
Price / MA50: +41.38%
Price / MA100: +81.92%
Price / MAexp7: -0.10%
Price / MAexp20: +0.35%
Price / MAexp50: +0.13%
Price / MAexp100: +0.44%

Quotes : 2021-01-16 15:08:51 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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