BITCOIN - BTC/USD - 1H - Technical analysis published on 02/17/2021 (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 50,607.40 USD
My targets
51,640.32 USD (+0.81%)
56,043.16 USD (+9.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 50,607.40 USD. The buyers” bullish objective is set at 51,640.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 56,043.16 USD. If there is any crossing, the next objective would be the resistance located at 63,176.62 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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 51,225.45 USD. On the day, this instrument gained +4.21% and was traded between 48,944.00 USD and 51,706.23 USD over the period. The price is currently at +4.66% from its lowest and -0.93% from its highest.48,944.00
51,706.23
51,225.45
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
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
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
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
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 48,195.30 | 49,699.90 | 50,607.40 | 51,225.45 |
| Change (%) | -5.92% | -2.98% | -1.21% | - |
| Change | -3,030.15 | -1,525.55 | -618.05 | - |
| Level | Intermediate | Minor | Intermediate | - |
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 | 43,717.75 | 45,385.88 | 47,271.14 | 48,939.28 | 50,824.54 | 52,492.68 | 54,377.94 |
| Camarilla | 48,179.23 | 48,504.95 | 48,830.68 | 49,156.41 | 49,482.14 | 49,807.87 | 50,133.59 |
| Woodie | 43,826.31 | 45,440.16 | 47,379.71 | 48,993.56 | 50,933.11 | 52,546.96 | 54,486.51 |
| Fibonacci | 45,385.88 | 46,743.28 | 47,581.88 | 48,939.28 | 50,296.68 | 51,135.28 | 52,492.68 |
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): | 59.69 | |
| MACD (12,26,9): | 622.9000 | |
| Directional Movement: | 13.81 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 50,968.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 49,628.27 | |
| Elder Ray (13): | 274.79 | |
| Super Trend (3,10): | 49,408.00 | |
| Zig ZAG (10): | 50,964.06 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 76.66 | |
| TEMA (21): | 51,309.06 | |
| Williams %R (14): | -30.66 | |
| Chande Momentum Oscillator (20): | 1,579.45 | |
| Repulse (5,40,3): | -0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 8.55 |
| MA7: | 48,497.07 | |
| MA20: | 41,937.68 | |
| MA50: | 37,449.67 | |
| MA100: | 28,639.02 | |
| MAexp7: | 50,962.05 | |
| MAexp20: | 50,188.32 | |
| MAexp50: | 49,384.07 | |
| MAexp100: | 48,621.37 | |
| Price / MA7: | +5.63% | |
| Price / MA20: | +22.15% | |
| Price / MA50: | +36.78% | |
| Price / MA100: | +78.87% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +2.07% | |
| Price / MAexp50: | +3.73% | |
| Price / MAexp100: | +5.36% |
Quotes :
2021-02-17 14:01:13
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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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