BITCOIN - BTC/USD - 1H - Technical analysis published on 10/15/2021 (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
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 58,992.90 USD
My targets
61,799.93 USD (+2.93%)
63,577.00 USD (+5.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 58,992.90 USD. The buyers' bullish objective is set at 61,799.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 63,577.00 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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This analysis was given by AKOUSA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 60,041.20 USD. The price registered an increase of +4.67% on the session and was between 56,891.75 USD and 60,344.26 USD. This implies that the price is at +5.54% from its lowest and at -0.50% from its highest.56,891.75
60,344.26
60,041.20
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:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 58,060.50 | 58,520.20 | 58,992.90 | 60,041.20 | 63,577.00 |
| Change (%) | -3.30% | -2.53% | -1.75% | - | +5.89% |
| Change | -1,980.70 | -1,521.00 | -1,048.30 | - | +3,535.80 |
| Level | Major | Minor | Intermediate | - | Major |
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 | 54,997.88 | 55,934.05 | 56,647.83 | 57,584.00 | 58,297.78 | 59,233.95 | 59,947.73 |
| Camarilla | 56,907.86 | 57,059.11 | 57,210.36 | 57,361.60 | 57,512.85 | 57,664.09 | 57,815.34 |
| Woodie | 54,886.68 | 55,878.45 | 56,536.63 | 57,528.40 | 58,186.58 | 59,178.35 | 59,836.53 |
| Fibonacci | 55,934.05 | 56,564.33 | 56,953.72 | 57,584.00 | 58,214.28 | 58,603.67 | 59,233.95 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 40,105.27 | 43,522.73 | 49,243.87 | 52,661.33 | 58,382.47 | 61,799.93 | 67,521.07 |
| Camarilla | 52,451.89 | 53,289.59 | 54,127.30 | 54,965.00 | 55,802.71 | 56,640.41 | 57,478.12 |
| Woodie | 41,257.10 | 44,098.65 | 50,395.70 | 53,237.25 | 59,534.30 | 62,375.85 | 68,672.90 |
| Fibonacci | 43,522.73 | 47,013.68 | 49,170.39 | 52,661.33 | 56,152.28 | 58,308.99 | 61,799.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,721.17 | 32,175.13 | 38,000.87 | 45,454.83 | 51,280.57 | 58,734.53 | 64,560.27 |
| Camarilla | 40,174.68 | 41,391.99 | 42,609.29 | 43,826.60 | 45,043.91 | 46,261.21 | 47,478.52 |
| Woodie | 23,907.05 | 31,768.08 | 37,186.75 | 45,047.78 | 50,466.45 | 58,327.48 | 63,746.15 |
| Fibonacci | 32,175.13 | 37,247.98 | 40,381.99 | 45,454.83 | 50,527.68 | 53,661.69 | 58,734.53 |
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): | 66.80 | |
| MACD (12,26,9): | 566.7200 | |
| Directional Movement: | 16.97 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 59,605.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 58,524.01 | |
| Elder Ray (13): | 618.82 | |
| Super Trend (3,10): | 58,070.06 | |
| Zig ZAG (10): | 60,041.87 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 85.26 | |
| TEMA (21): | 59,914.36 | |
| Williams %R (14): | -10.14 | |
| Chande Momentum Oscillator (20): | 815.98 | |
| Repulse (5,40,3): | 0.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 6.27 |
| MA7: | 56,852.03 | |
| MA20: | 50,879.62 | |
| MA50: | 48,497.71 | |
| MA100: | 44,290.95 | |
| MAexp7: | 59,579.51 | |
| MAexp20: | 58,823.76 | |
| MAexp50: | 57,999.25 | |
| MAexp100: | 57,212.82 | |
| Price / MA7: | +5.61% | |
| Price / MA20: | +18.01% | |
| Price / MA50: | +23.80% | |
| Price / MA100: | +35.56% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +2.07% | |
| Price / MAexp50: | +3.52% | |
| Price / MAexp100: | +4.94% |
Quotes :
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Real time data
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Cryptocompare
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