BITCOIN - BTC/USD - 1H - Technical analysis published on 03/07/2021 (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:
Neutral
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 48,392.70 USD
My targets
50,253.00 USD (+0.92%)
51,808.90 USD (+4.05%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at 48,392.70 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 50,253.00 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 51,808.90 USD as an objective. Crossing it would then enable buyers to target 52,665.40 USD. If the support 48,392.70 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2
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This analysis was given by zabela403. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 49,793.94 USD. On the day, this instrument gained +1.83% and was between 48,895.51 USD and 51,349.18 USD. This implies that the price is at +1.84% from its lowest and at -3.03% from its highest.48,895.51
51,349.18
49,793.94
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.
Bullish opening
Type : Bullish
Timeframe : Openning
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 this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Doji
Type : Neutral
Timeframe : 1 hour
Three black crows
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45,079.80 | 46,226.50 | 48,392.70 | 49,793.94 | 50,253.00 | 51,808.90 | 52,665.40 |
| Change (%) | -9.47% | -7.16% | -2.81% | - | +0.92% | +4.05% | +5.77% |
| Change | -4,714.14 | -3,567.44 | -1,401.24 | - | +459.06 | +2,014.96 | +2,871.46 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 47,439.30 | 47,859.76 | 48,380.24 | 48,800.70 | 49,321.18 | 49,741.65 | 50,262.12 |
| Camarilla | 48,641.95 | 48,728.21 | 48,814.46 | 48,900.71 | 48,986.96 | 49,073.22 | 49,159.47 |
| Woodie | 47,489.30 | 47,884.77 | 48,430.24 | 48,825.71 | 49,371.18 | 49,766.65 | 50,312.12 |
| Fibonacci | 47,859.76 | 48,219.20 | 48,441.27 | 48,800.70 | 49,160.14 | 49,382.21 | 49,741.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,076.94 | 38,547.57 | 43,724.14 | 48,194.77 | 53,371.34 | 57,841.97 | 63,018.54 |
| Camarilla | 46,247.73 | 47,132.06 | 48,016.38 | 48,900.71 | 49,785.04 | 50,669.37 | 51,553.69 |
| Woodie | 34,429.91 | 38,724.06 | 44,077.11 | 48,371.26 | 53,724.31 | 58,018.46 | 63,371.51 |
| Fibonacci | 38,547.57 | 42,232.80 | 44,509.54 | 48,194.77 | 51,880.00 | 54,156.74 | 57,841.97 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.19 | |
| MACD (12,26,9): | 387.2700 | |
| Directional Movement: | 7.28 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 50,737.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 51,349.18 | |
| Elder Ray (13): | -297.72 | |
| Super Trend (3,10): | 49,166.92 | |
| Zig ZAG (10): | 49,871.45 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 46.61 | |
| TEMA (21): | 50,798.08 | |
| Williams %R (14): | -71.30 | |
| Chande Momentum Oscillator (20): | -445.50 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 3.47 |
| MA7: | 49,201.65 | |
| MA20: | 50,212.60 | |
| MA50: | 42,880.83 | |
| MA100: | 34,561.80 | |
| MAexp7: | 50,432.80 | |
| MAexp20: | 50,173.38 | |
| MAexp50: | 49,519.88 | |
| MAexp100: | 49,108.57 | |
| Price / MA7: | +1.20% | |
| Price / MA20: | -0.83% | |
| Price / MA50: | +16.12% | |
| Price / MA100: | +44.07% | |
| Price / MAexp7: | -1.27% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | +0.55% | |
| Price / MAexp100: | +1.40% |
Quotes :
2021-03-07 20:29:22
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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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