BITCOIN - BTC/USD - 1H - Technical analysis published on 01/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 36,645.30 USD
My targets
38,742.60 USD (+4.48%)
40,672.60 USD (+9.68%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 36,645.30 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 36,645.30 USD. The next bullish objective for buyers is set at 38,742.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40,672.60 USD. PS: if there is a bearish break in the support located at 36,645.30 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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
4.5
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This analysis was given by apjha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 37,081.30 USD. The price registered an increase of +0.80% on the session and was traded between 35,557.00 USD and 37,947.50 USD over the period. The price is currently at +4.29% from its lowest and -2.28% from its highest.35,557.00
37,947.50
37,081.30
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
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. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 32,455.50 | 34,844.00 | 36,645.30 | 37,081.30 | 38,742.60 | 40,672.60 |
| Change (%) | -12.47% | -6.03% | -1.18% | - | +4.48% | +9.68% |
| Change | -4,625.80 | -2,237.30 | -436.00 | - | +1,661.30 | +3,591.30 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major |
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 | 28,880.48 | 31,625.74 | 34,205.82 | 36,951.08 | 39,531.16 | 42,276.42 | 44,856.50 |
| Camarilla | 35,321.43 | 35,809.59 | 36,297.74 | 36,785.90 | 37,274.05 | 37,762.21 | 38,250.37 |
| Woodie | 28,797.89 | 31,584.44 | 34,123.23 | 36,909.78 | 39,448.57 | 42,235.13 | 44,773.91 |
| Fibonacci | 31,625.74 | 33,660.02 | 34,916.80 | 36,951.08 | 38,985.36 | 40,242.14 | 42,276.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,289.89 | 22,575.64 | 31,416.48 | 36,702.24 | 45,543.08 | 50,828.84 | 59,669.69 |
| Camarilla | 36,372.51 | 37,667.45 | 38,962.39 | 40,257.33 | 41,552.27 | 42,847.21 | 44,142.14 |
| Woodie | 19,067.43 | 23,464.41 | 33,194.03 | 37,591.02 | 47,320.63 | 51,717.61 | 61,447.23 |
| Fibonacci | 22,575.64 | 27,972.00 | 31,305.88 | 36,702.24 | 42,098.60 | 45,432.48 | 50,828.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,521.43 | 13,551.47 | 21,259.83 | 25,289.87 | 32,998.23 | 37,028.27 | 44,736.63 |
| Camarilla | 25,740.14 | 26,816.16 | 27,892.18 | 28,968.20 | 30,044.22 | 31,120.24 | 32,196.26 |
| Woodie | 11,360.60 | 14,471.05 | 23,099.00 | 26,209.45 | 34,837.40 | 37,947.85 | 46,575.80 |
| Fibonacci | 13,551.47 | 18,035.53 | 20,805.80 | 25,289.87 | 29,773.93 | 32,544.20 | 37,028.27 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.45 | |
| MACD (12,26,9): | 70.5000 | |
| Directional Movement: | -2.73 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 37,086.75 | |
| Parabolic SAR (0,02-0,02-0,2): | 36,108.89 | |
| Elder Ray (13): | 318.88 | |
| Super Trend (3,10): | 38,129.47 | |
| Zig ZAG (10): | 37,161.20 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 74.29 | |
| TEMA (21): | 37,346.39 | |
| Williams %R (14): | -28.35 | |
| Chande Momentum Oscillator (20): | 1,411.90 | |
| Repulse (5,40,3): | 0.1900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.35 |
| MA7: | 36,888.76 | |
| MA20: | 34,422.36 | |
| MA50: | 26,267.33 | |
| MA100: | 20,411.98 | |
| MAexp7: | 37,266.78 | |
| MAexp20: | 37,068.45 | |
| MAexp50: | 37,105.43 | |
| MAexp100: | 36,987.10 | |
| Price / MA7: | +0.52% | |
| Price / MA20: | +7.72% | |
| Price / MA50: | +41.17% | |
| Price / MA100: | +81.66% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | +0.25% |
Quotes :
2021-01-16 17:14:04
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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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