BITCOIN - BTC/USD - 1H - Technical analysis published on 06/24/2021 (GMT)
- 178
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
50%
22%
28%
My opinion
Neutral between 31,757.90 USD and 34,845.10 USD
My targets
-
My analysis
There is no basic trend on BITCOIN - BTC/USD and in the short term, there are still few buyers. It is difficult to advise a trading direction under these conditions. The nearest resistance is located at 34,845.10 USD. The nearest support is located at 31,757.90 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this analysis.
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
The BITCOIN - BTC/USD price is 33,336.86 USD. On the day, this instrument lost -1.00% and was traded between 32,345.24 USD and 33,842.85 USD over the period. The price is currently at +3.07% from its lowest and -1.50% from its highest.32,345.24
33,842.85
33,336.86
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of BITCOIN - BTC/USD in 1H shows a neutral overall trend. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 30,409.80 | 31,757.90 | 33,299.00 | 33,336.86 | 34,845.10 | 36,186.60 | 38,141.40 |
| Change (%) | -8.78% | -4.74% | -0.11% | - | +4.52% | +8.55% | +14.41% |
| Change | -2,927.06 | -1,578.96 | -37.86 | - | +1,508.24 | +2,849.74 | +4,804.54 |
| Level | Major | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 29,046.66 | 30,427.29 | 32,049.67 | 33,430.30 | 35,052.68 | 36,433.31 | 38,055.69 |
| Camarilla | 32,846.22 | 33,121.50 | 33,396.77 | 33,672.05 | 33,947.33 | 34,222.60 | 34,497.88 |
| Woodie | 29,167.54 | 30,487.73 | 32,170.55 | 33,490.74 | 35,173.56 | 36,493.75 | 38,176.57 |
| Fibonacci | 30,427.29 | 31,574.44 | 32,283.15 | 33,430.30 | 34,577.45 | 35,286.16 | 36,433.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,609.79 | 30,710.04 | 33,113.79 | 37,214.04 | 39,617.79 | 43,718.04 | 46,121.79 |
| Camarilla | 33,728.93 | 34,325.13 | 34,921.33 | 35,517.53 | 36,113.73 | 36,709.93 | 37,306.13 |
| Woodie | 25,761.53 | 30,285.92 | 32,265.53 | 36,789.92 | 38,769.53 | 43,293.92 | 45,273.53 |
| Fibonacci | 30,710.04 | 33,194.57 | 34,729.52 | 37,214.04 | 39,698.57 | 41,233.52 | 43,718.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -4,574.17 | 12,716.37 | 25,010.13 | 42,300.67 | 54,594.43 | 71,884.97 | 84,178.73 |
| Camarilla | 29,168.22 | 31,880.11 | 34,592.01 | 37,303.90 | 40,015.79 | 42,727.69 | 45,439.58 |
| Woodie | -7,072.55 | 11,467.18 | 22,511.75 | 41,051.48 | 52,096.05 | 70,635.78 | 81,680.35 |
| Fibonacci | 12,716.37 | 24,017.57 | 30,999.46 | 42,300.67 | 53,601.87 | 60,583.76 | 71,884.97 |
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): | 52.79 | |
| MACD (12,26,9): | -54.8600 | |
| Directional Movement: | -1.36 | |
| AROON (14): | -28.58 | |
| DEMA (21): | 33,109.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 32,345.24 | |
| Elder Ray (13): | 255.74 | |
| Super Trend (3,10): | 32,467.12 | |
| Zig ZAG (10): | 33,418.07 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 57.58 | |
| TEMA (21): | 32,952.79 | |
| Williams %R (14): | -31.31 | |
| Chande Momentum Oscillator (20): | -122.03 | |
| Repulse (5,40,3): | 1.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.46 |
| MA7: | 34,012.20 | |
| MA20: | 35,974.44 | |
| MA50: | 40,546.59 | |
| MA100: | 48,668.11 | |
| MAexp7: | 33,098.29 | |
| MAexp20: | 33,178.77 | |
| MAexp50: | 33,218.47 | |
| MAexp100: | 33,660.43 | |
| Price / MA7: | -1.99% | |
| Price / MA20: | -7.33% | |
| Price / MA50: | -17.78% | |
| Price / MA100: | -31.50% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | -0.96% |
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.
About author
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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…
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