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 01/18/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 36,645.30 USD
My targets
38,742.60 USD (+4.27%)
40,672.60 USD (+9.47%)
My analysis
The strong short-term increase for BITCOIN - BTC/USD reinforces the current slightly bullish trend. As long as the price remains above 36,645.30 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 38,742.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 40,672.60 USD as an objective. A return to 36,645.30 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 37,154.89 USD. The price has increased by +3.72% since the last closing and was traded between 34,743.53 USD and 37,401.94 USD over the period. The price is currently at +6.94% from its lowest and -0.66% from its highest.

34,743.53
37,401.94
37,154.89

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of BITCOIN - BTC/USD in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 16 technical indicators on 18 studied are currently positioned bullish. 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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 32,455.50 34,844.00 36,645.30 37,154.89 38,742.60 40,672.60
Change (%) -12.65% -6.22% -1.37% - +4.27% +9.47%
Change -4,699.39 -2,310.89 -509.59 - +1,587.71 +3,517.71
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
Standard31,160.2732,506.4034,165.1635,511.2937,170.0538,516.1840,174.94
Camarilla34,997.5735,273.0135,548.4635,823.9136,099.3636,374.8136,650.26
Woodie31,316.5832,584.5634,321.4735,589.4537,326.3638,594.3440,331.25
Fibonacci32,506.4033,654.2734,363.4335,511.2936,659.1637,368.3238,516.18


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19,087.6324,647.6730,329.2335,889.2741,570.8347,130.8752,812.44
Camarilla32,919.3633,949.8434,980.3236,010.8037,041.2838,071.7639,102.24
Woodie19,148.4024,678.0530,390.0035,919.6541,631.6047,161.2552,873.21
Fibonacci24,647.6728,941.9631,594.9835,889.2740,183.5642,836.5847,130.87


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 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): 62.88
MACD (12,26,9): 182.5600
Directional Movement: 12.98
AROON (14): 50.00
DEMA (21): 36,158.70
Parabolic SAR (0,02-0,02-0,2): 34,854.62
Elder Ray (13): 390.36
Super Trend (3,10): 34,726.84
Zig ZAG (10): 36,394.59
VORTEX (21): 1.1300
Stochastique (14,3,5): 83.40
TEMA (21): 36,452.86
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 1,245.44
Repulse (5,40,3): 3.8100
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 1.61
MA7: 36,644.71
MA20: 35,296.20
MA50: 26,985.99
MA100: 20,905.77
MAexp7: 36,422.49
MAexp20: 35,988.77
MAexp50: 36,059.74
MAexp100: 36,329.76
Price / MA7: +1.39%
Price / MA20: +5.27%
Price / MA50: +37.68%
Price / MA100: +77.73%
Price / MAexp7: +2.01%
Price / MAexp20: +3.24%
Price / MAexp50: +3.04%
Price / MAexp100: +2.27%

Quotes : 2021-01-18 12:36:07 - Real time data - Cryptocompare

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

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