BITCOIN - BTC/USD - 1H - Technical analysis published on 04/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 61,170.60 USD
My targets
63,765.10 USD (+1.65%)
64,882.40 USD (+3.43%)
My analysis
With a bullish background trend, the price of BITCOIN - BTC/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 61,170.60 USD. A bullish break in the resistance located at 63,765.10 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 64,882.40 USD. PS: if there is a bearish break in the support located at 61,170.60 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
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This analysis was given by zabela403. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 62,731.88 USD. The price registered a decrease of -0.38% on the session and was traded between 62,625.62 USD and 63,388.36 USD over the period. The price is currently at +0.17% from its lowest and -1.04% from its highest.62,625.62
63,388.36
62,731.88
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.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish 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 Moving Average 50
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 7 are bullish, 7 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: 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
Williams %R indicator is overbought : over -20
Type : Neutral
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
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 57,259.70 | 59,374.50 | 61,170.60 | 62,731.88 | 63,765.10 | 64,882.40 |
| Change (%) | -8.72% | -5.35% | -2.49% | - | +1.65% | +3.43% |
| Change | -5,472.18 | -3,357.38 | -1,561.28 | - | +1,033.22 | +2,150.52 |
| Level | Minor | Intermediate | Major | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57,595.20 | 59,438.09 | 61,205.53 | 63,048.42 | 64,815.86 | 66,658.75 | 68,426.19 |
| Camarilla | 61,980.14 | 62,311.09 | 62,642.03 | 62,972.98 | 63,303.93 | 63,634.87 | 63,965.82 |
| Woodie | 57,557.49 | 59,419.23 | 61,167.82 | 63,029.56 | 64,778.15 | 66,639.89 | 68,388.48 |
| Fibonacci | 59,438.09 | 60,817.23 | 61,669.27 | 63,048.42 | 64,427.56 | 65,279.60 | 66,658.75 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.30 | |
| MACD (12,26,9): | -127.2000 | |
| Directional Movement: | -3.43 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 62,871.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 61,364.42 | |
| Elder Ray (13): | -110.53 | |
| Super Trend (3,10): | 64,694.12 | |
| Zig ZAG (10): | 62,785.12 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 47.27 | |
| TEMA (21): | 62,569.34 | |
| Williams %R (14): | -48.28 | |
| Chande Momentum Oscillator (20): | 22.64 | |
| Repulse (5,40,3): | 0.3800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 3.59 |
| MA7: | 61,038.78 | |
| MA20: | 58,905.92 | |
| MA50: | 55,534.80 | |
| MA100: | 48,057.26 | |
| MAexp7: | 62,854.26 | |
| MAexp20: | 62,984.63 | |
| MAexp50: | 62,655.14 | |
| MAexp100: | 61,735.76 | |
| Price / MA7: | +2.77% | |
| Price / MA20: | +6.50% | |
| Price / MA50: | +12.96% | |
| Price / MA100: | +30.54% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +1.61% |
Quotes :
-
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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