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 03/07/2021 (GMT)

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

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 50,253.00 USD
My targets
51,808.90 USD (+2.34%)
52,665.40 USD (+4.04%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 50,253.00 USD. The buyers” bullish objective is set at 51,808.90 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 52,665.40 USD. If there is any crossing, the next objective would be the resistance located at 57,489.20 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
6.4

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 zabela403. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 50,622.37 USD. On the day, this instrument gained +3.52% and was traded between 48,895.51 USD and 51,244.94 USD over the period. The price is currently at +3.53% from its lowest and -1.21% from its highest.

48,895.51
51,244.94
50,622.37

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

Bullish opening

Type : Bullish

Timeframe : Openning


Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 46,226.50 48,392.70 50,253.00 50,622.37 51,808.90 52,665.40 57,489.20
Change (%) -8.68% -4.40% -0.73% - +2.34% +4.04% +13.56%
Change -4,395.87 -2,229.67 -369.37 - +1,186.53 +2,043.03 +6,866.83
Level Intermediate Intermediate Intermediate - Minor Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard47,439.3047,859.7648,380.2448,800.7049,321.1849,741.6550,262.12
Camarilla48,641.9548,728.2148,814.4648,900.7148,986.9649,073.2249,159.47
Woodie47,489.3047,884.7748,430.2448,825.7149,371.1849,766.6550,312.12
Fibonacci47,859.7648,219.2048,441.2748,800.7049,160.1449,382.2149,741.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard34,076.9438,547.5743,724.1448,194.7753,371.3457,841.9763,018.54
Camarilla46,247.7347,132.0648,016.3848,900.7149,785.0450,669.3751,553.69
Woodie34,429.9138,724.0644,077.1148,371.2653,724.3158,018.4663,371.51
Fibonacci38,547.5742,232.8044,509.5448,194.7751,880.0054,156.7457,841.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6,232.6719,282.4332,267.1745,316.9358,301.6671,351.4384,336.16
Camarilla38,092.4140,478.9142,865.4045,251.9047,638.3950,024.8952,411.38
Woodie6,200.1519,266.1732,234.6545,300.6858,269.1571,335.1884,303.65
Fibonacci19,282.4329,227.6135,371.7545,316.9355,262.1161,406.2671,351.43

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 62.17
MACD (12,26,9): 580.3700
Directional Movement: 20.84
AROON (14): 100.00
DEMA (21): 50,636.98
Parabolic SAR (0,02-0,02-0,2): 49,329.08
Elder Ray (13): 471.83
Super Trend (3,10): 48,994.27
Zig ZAG (10): 50,590.96
VORTEX (21): 1.0400
Stochastique (14,3,5): 80.16
TEMA (21): 50,947.98
Williams %R (14): -28.80
Chande Momentum Oscillator (20): 1,014.47
Repulse (5,40,3): 0.0800
ROCnROLL: 1
TRIX (15,9): 0.1500
Courbe Coppock: 6.12
MA7: 49,299.73
MA20: 50,250.91
MA50: 42,895.46
MA100: 34,569.30
MAexp7: 50,569.25
MAexp20: 49,913.69
MAexp50: 49,245.25
MAexp100: 48,926.98
Price / MA7: +2.68%
Price / MA20: +0.74%
Price / MA50: +18.01%
Price / MA100: +46.44%
Price / MAexp7: +0.11%
Price / MAexp20: +1.42%
Price / MAexp50: +2.80%
Price / MAexp100: +3.47%

Quotes : 2021-03-07 15:09:55 - Real time data - Cryptocompare

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

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