BITCOIN - BTC/USD - 1H - Technical analysis published on 02/16/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 48,198.20 USD
My targets
49,699.90 USD (+1.34%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 48,198.20 USD, you could try to benefit from the boom. The first bullish objective is located at 49,699.90 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating 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
8
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This analysis was given by TurtleHermitZ9k. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 49,040.55 USD. The price has increased by +2.32% since the last closing and was traded between 47,054.01 USD and 50,607.41 USD over the period. The price is currently at +4.22% from its lowest and -3.10% from its highest.47,054.01
50,607.41
49,040.55
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:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
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 this signal:
Support of triangle is broken
Type : Bearish
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:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 44,993.20 | 46,305.30 | 48,198.20 | 49,040.55 | 49,699.90 |
| Change (%) | -8.25% | -5.58% | -1.72% | - | +1.34% |
| Change | -4,047.35 | -2,735.25 | -842.35 | - | +659.35 |
| Level | Minor | Major | Intermediate | - | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,824.24 | 44,299.05 | 46,114.92 | 47,589.73 | 49,405.60 | 50,880.41 | 52,696.28 |
| Camarilla | 47,025.85 | 47,327.50 | 47,629.14 | 47,930.79 | 48,232.43 | 48,534.08 | 48,835.73 |
| Woodie | 42,994.77 | 44,384.32 | 46,285.45 | 47,674.99 | 49,576.13 | 50,965.68 | 52,866.81 |
| Fibonacci | 44,299.05 | 45,556.09 | 46,332.69 | 47,589.73 | 48,846.77 | 49,623.37 | 50,880.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,567.72 | 32,970.56 | 40,104.02 | 44,506.86 | 51,640.32 | 56,043.16 | 63,176.62 |
| Camarilla | 44,065.00 | 45,122.49 | 46,179.99 | 47,237.48 | 48,294.98 | 49,352.47 | 50,409.96 |
| Woodie | 29,933.03 | 33,653.21 | 41,469.33 | 45,189.52 | 53,005.63 | 56,725.81 | 64,541.93 |
| Fibonacci | 32,970.56 | 37,377.43 | 40,099.99 | 44,506.86 | 48,913.73 | 51,636.29 | 56,043.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,541.93 | 20,201.67 | 26,668.53 | 34,328.27 | 40,795.13 | 48,454.87 | 54,921.73 |
| Camarilla | 29,250.58 | 30,545.52 | 31,840.46 | 33,135.40 | 34,430.34 | 35,725.28 | 37,020.21 |
| Woodie | 11,945.50 | 19,903.45 | 26,072.10 | 34,030.05 | 40,198.70 | 48,156.65 | 54,325.30 |
| Fibonacci | 20,201.67 | 25,598.03 | 28,931.91 | 34,328.27 | 39,724.63 | 43,058.51 | 48,454.87 |
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): | 58.88 | |
| MACD (12,26,9): | 323.4800 | |
| Directional Movement: | 14.47 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 49,269.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 48,046.75 | |
| Elder Ray (13): | 423.26 | |
| Super Trend (3,10): | 47,488.68 | |
| Zig ZAG (10): | 49,407.55 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 69.28 | |
| TEMA (21): | 49,495.76 | |
| Williams %R (14): | -30.13 | |
| Chande Momentum Oscillator (20): | 1,238.30 | |
| Repulse (5,40,3): | 0.9800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 4.14 |
| MA7: | 47,654.28 | |
| MA20: | 41,087.87 | |
| MA50: | 36,987.95 | |
| MA100: | 28,285.91 | |
| MAexp7: | 49,233.95 | |
| MAexp20: | 48,868.94 | |
| MAexp50: | 48,458.93 | |
| MAexp100: | 47,865.11 | |
| Price / MA7: | +2.91% | |
| Price / MA20: | +19.36% | |
| Price / MA50: | +32.59% | |
| Price / MA100: | +73.37% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | +1.20% | |
| Price / MAexp100: | +2.46% |
Quotes :
2021-02-16 13:42:13
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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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