BITCOIN - BTC/USD - 1H - Technical analysis published on 04/12/2021 (GMT)
- 182
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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%
22%
50%
My opinion
Bullish above 59,462.50 USD
My targets
61,170.60 USD (+2.15%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 59,462.50 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 59,462.50 USD. The next bullish objective for buyers is set at 61,170.60 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 59,462.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 59,884.48 USD. The price registered a decrease of -0.17% on the session and was traded between 59,382.98 USD and 61,199.98 USD over the period. The price is currently at +0.84% from its lowest and -2.15% from its highest.59,382.98
61,199.98
59,884.48
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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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 bullish. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 58,474.30 | 58,875.90 | 59,462.50 | 59,884.48 | 61,170.60 |
| Change (%) | -2.35% | -1.68% | -0.70% | - | +2.15% |
| Change | -1,410.18 | -1,008.58 | -421.98 | - | +1,286.12 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 57,773.45 | 58,475.28 | 59,230.73 | 59,932.56 | 60,688.01 | 61,389.84 | 62,145.29 |
| Camarilla | 59,585.42 | 59,719.00 | 59,852.59 | 59,986.17 | 60,119.75 | 60,253.34 | 60,386.92 |
| Woodie | 57,800.25 | 58,488.69 | 59,257.53 | 59,945.97 | 60,714.81 | 61,403.25 | 62,172.09 |
| Fibonacci | 58,475.28 | 59,031.96 | 59,375.88 | 59,932.56 | 60,489.24 | 60,833.16 | 61,389.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50,577.23 | 52,992.17 | 56,385.93 | 58,800.87 | 62,194.63 | 64,609.57 | 68,003.33 |
| Camarilla | 58,182.31 | 58,714.77 | 59,247.24 | 59,779.70 | 60,312.16 | 60,844.63 | 61,377.09 |
| Woodie | 51,066.65 | 53,236.88 | 56,875.35 | 59,045.58 | 62,684.05 | 64,854.28 | 68,492.75 |
| Fibonacci | 52,992.17 | 55,211.09 | 56,581.94 | 58,800.87 | 61,019.79 | 62,390.64 | 64,609.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31,887.30 | 38,464.90 | 48,631.10 | 55,208.70 | 65,374.90 | 71,952.50 | 82,118.70 |
| Camarilla | 54,192.76 | 55,727.60 | 57,262.45 | 58,797.30 | 60,332.15 | 61,867.00 | 63,401.85 |
| Woodie | 33,681.60 | 39,362.05 | 50,425.40 | 56,105.85 | 67,169.20 | 72,849.65 | 83,913.00 |
| Fibonacci | 38,464.90 | 44,861.03 | 48,812.57 | 55,208.70 | 61,604.83 | 65,556.37 | 71,952.50 |
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): | 49.85 | |
| MACD (12,26,9): | 12.9900 | |
| Directional Movement: | -2.51 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 60,052.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 60,522.88 | |
| Elder Ray (13): | -18.89 | |
| Super Trend (3,10): | 59,460.72 | |
| Zig ZAG (10): | 59,935.89 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 36.79 | |
| TEMA (21): | 59,927.42 | |
| Williams %R (14): | -69.82 | |
| Chande Momentum Oscillator (20): | 121.08 | |
| Repulse (5,40,3): | -0.1800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.00 |
| MA7: | 58,533.18 | |
| MA20: | 57,378.25 | |
| MA50: | 54,803.45 | |
| MA100: | 47,156.23 | |
| MAexp7: | 59,936.60 | |
| MAexp20: | 60,012.95 | |
| MAexp50: | 59,845.55 | |
| MAexp100: | 59,433.96 | |
| Price / MA7: | +2.31% | |
| Price / MA20: | +4.37% | |
| Price / MA50: | +9.27% | |
| Price / MA100: | +26.99% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.07% | |
| Price / MAexp100: | +0.76% |
Quotes :
-
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