BITCOIN - BTC/USD - 1H - Technical analysis published on 03/03/2021 (GMT)
- 192
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 49,737.30 USD
My targets
54,982.39 USD (+6.77%)
57,489.20 USD (+11.64%)
My analysis
BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 49,737.30 USD. The next resistance located at 54,982.39 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 57,489.20 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
9.1
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:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 51,494.78 USD. The price registered an increase of +6.15% on the session with the lowest point at 48,170.18 USD and the highest point at 51,718.48 USD. The deviation from the price is +6.90% for the low point and -0.43% for the high point.48,170.18
51,718.48
51,494.78
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 17 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
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 under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 48,402.60 | 49,737.30 | 51,417.10 | 51,494.78 | 55,034.90 | 57,489.20 |
| Change (%) | -6.00% | -3.41% | -0.15% | - | +6.87% | +11.64% |
| Change | -3,092.18 | -1,757.48 | -77.68 | - | +3,540.12 | +5,994.42 |
| Level | Intermediate | Intermediate | 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 | 43,780.28 | 45,420.38 | 46,966.45 | 48,606.56 | 50,152.63 | 51,792.73 | 53,338.79 |
| Camarilla | 47,636.32 | 47,928.39 | 48,220.45 | 48,512.52 | 48,804.58 | 49,096.65 | 49,388.72 |
| Woodie | 43,733.26 | 45,396.88 | 46,919.43 | 48,583.05 | 50,105.61 | 51,769.22 | 53,291.78 |
| Fibonacci | 45,420.38 | 46,637.50 | 47,389.44 | 48,606.56 | 49,823.68 | 50,575.61 | 51,792.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,540.79 | 35,343.34 | 40,761.59 | 49,564.15 | 54,982.39 | 63,784.94 | 69,203.19 |
| Camarilla | 42,269.12 | 43,572.69 | 44,876.27 | 46,179.84 | 47,483.41 | 48,786.99 | 50,090.56 |
| Woodie | 24,848.64 | 34,497.27 | 39,069.44 | 48,718.07 | 53,290.24 | 62,938.87 | 67,511.04 |
| Fibonacci | 35,343.34 | 40,775.69 | 44,131.80 | 49,564.15 | 54,996.49 | 58,352.60 | 63,784.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,232.67 | 19,282.43 | 32,267.17 | 45,316.93 | 58,301.66 | 71,351.43 | 84,336.16 |
| Camarilla | 38,092.41 | 40,478.91 | 42,865.40 | 45,251.90 | 47,638.39 | 50,024.89 | 52,411.38 |
| Woodie | 6,200.15 | 19,266.17 | 32,234.65 | 45,300.68 | 58,269.15 | 71,335.18 | 84,303.65 |
| Fibonacci | 19,282.43 | 29,227.61 | 35,371.75 | 45,316.93 | 55,262.11 | 61,406.26 | 71,351.43 |
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): | 76.79 | |
| MACD (12,26,9): | 568.7000 | |
| Directional Movement: | 27.73 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 49,736.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 48,915.39 | |
| Elder Ray (13): | 1,625.15 | |
| Super Trend (3,10): | 49,132.49 | |
| Zig ZAG (10): | 51,267.19 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 95.34 | |
| TEMA (21): | 50,051.78 | |
| Williams %R (14): | -5.07 | |
| Chande Momentum Oscillator (20): | 3,794.43 | |
| Repulse (5,40,3): | 3.3700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 8.22 |
| MA7: | 47,746.18 | |
| MA20: | 50,032.03 | |
| MA50: | 41,968.99 | |
| MA100: | 33,335.50 | |
| MAexp7: | 50,006.75 | |
| MAexp20: | 49,165.44 | |
| MAexp50: | 48,464.58 | |
| MAexp100: | 48,122.77 | |
| Price / MA7: | +7.85% | |
| Price / MA20: | +2.92% | |
| Price / MA50: | +22.70% | |
| Price / MA100: | +54.47% | |
| Price / MAexp7: | +2.98% | |
| Price / MAexp20: | +4.74% | |
| Price / MAexp50: | +6.25% | |
| Price / MAexp100: | +7.01% |
Quotes :
2021-03-03 10:08:28
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H