BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 02/17/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 50,607.40 USD
My targets
51,640.32 USD (+0.23%)
56,043.16 USD (+8.77%)
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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 51,522.19 USD. The price registered an increase of +4.81% on the session with the lowest point at 48,944.00 USD and the highest point at 51,706.23 USD. The deviation from the price is +5.27% for the low point and -0.36% for the high point.

48,944.00
51,706.23
51,522.19

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



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of triangle is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 48,195.30 49,699.90 50,607.40 51,522.19
Change (%) -6.46% -3.54% -1.78% -
Change -3,326.89 -1,822.29 -914.79 -
Level Intermediate Minor Intermediate -



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard43,717.7545,385.8847,271.1448,939.2850,824.5452,492.6854,377.94
Camarilla48,179.2348,504.9548,830.6849,156.4149,482.1449,807.8750,133.59
Woodie43,826.3145,440.1647,379.7148,993.5650,933.1152,546.9654,486.51
Fibonacci45,385.8846,743.2847,581.8848,939.2850,296.6851,135.2852,492.68


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28,567.7232,970.5640,104.0244,506.8651,640.3256,043.1663,176.62
Camarilla44,065.0045,122.4946,179.9947,237.4848,294.9849,352.4750,409.96
Woodie29,933.0333,653.2141,469.3345,189.5253,005.6356,725.8164,541.93
Fibonacci32,970.5637,377.4340,099.9944,506.8648,913.7351,636.2956,043.16


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12,541.9320,201.6726,668.5334,328.2740,795.1348,454.8754,921.73
Camarilla29,250.5830,545.5231,840.4633,135.4034,430.3435,725.2837,020.21
Woodie11,945.5019,903.4526,072.1034,030.0540,198.7048,156.6554,325.30
Fibonacci20,201.6725,598.0328,931.9134,328.2739,724.6343,058.5148,454.87

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): 65.37
MACD (12,26,9): 644.4200
Directional Movement: 13.32
AROON (14): 57.14
DEMA (21): 51,250.80
Parabolic SAR (0,02-0,02-0,2): 50,023.09
Elder Ray (13): 546.31
Super Trend (3,10): 49,459.16
Zig ZAG (10): 51,395.04
VORTEX (21): 1.2600
Stochastique (14,3,5): 85.09
TEMA (21): 51,365.10
Williams %R (14): -31.32
Chande Momentum Oscillator (20): 1,184.71
Repulse (5,40,3): -0.5100
ROCnROLL: 1
TRIX (15,9): 0.1600
Courbe Coppock: 8.28
MA7: 48,458.99
MA20: 41,952.43
MA50: 37,454.44
MA100: 28,642.16
MAexp7: 50,935.05
MAexp20: 50,307.18
MAexp50: 49,466.55
MAexp100: 48,679.01
Price / MA7: +6.32%
Price / MA20: +22.81%
Price / MA50: +37.56%
Price / MA100: +79.88%
Price / MAexp7: +1.15%
Price / MAexp20: +2.42%
Price / MAexp50: +4.16%
Price / MAexp100: +5.84%

Quotes : 2021-02-17 15:06:38 - Real time data - Cryptocompare

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

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