BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 01/14/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 42,788.50 USD
My targets
43,453.50 USD (+0.67%)
44,431.00 USD (+2.94%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USD. This is a positive signal for buyers. As long as the price remains above 42,788.50 USD, a purchase could be considered. The first bullish objective is located at 43,453.50 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 44,431.00 USD as an objective. Crossing it would then enable buyers to target 46,242.70 USD. In the event of a return below 42,788.50 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

This analysis was given by acruciani. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly
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.

Additional analysis

Quotes

BITCOIN - BTC/USD rating 43,164.07 USD. The price registered an increase of +1.38% on the session and was traded between 41,803.75 USD and 43,385.37 USD over the period. The price is currently at +3.25% from its lowest and -0.51% from its highest.

41,803.75
43,385.37
43,164.07

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 40,652.10 41,281.30 42,788.50 43,164.07 43,453.50 44,431.00 46,242.70
Change (%) -5.82% -4.36% -0.87% - +0.67% +2.94% +7.13%
Change -2,511.97 -1,882.77 -375.57 - +289.43 +1,266.93 +3,078.63
Level Major Intermediate Minor - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard39,708.8741,024.1141,800.5443,115.7843,892.2145,207.4545,983.88
Camarilla42,001.7742,193.5142,385.2442,576.9842,768.7242,960.4543,152.19
Woodie39,439.4840,889.4141,531.1542,981.0843,622.8245,072.7545,714.49
Fibonacci41,024.1141,823.1342,316.7643,115.7843,914.8044,408.4345,207.45


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard31,434.0535,996.2338,843.9543,406.1346,253.8550,816.0353,663.75
Camarilla39,653.9640,333.2041,012.4441,691.6842,370.9243,050.1643,729.40
Woodie30,576.8335,567.6237,986.7342,977.5245,396.6350,387.4252,806.53
Fibonacci35,996.2338,826.8140,575.5543,406.1346,236.7147,985.4550,816.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18,919.0329,534.5737,862.2348,477.7756,805.4367,420.9775,748.63
Camarilla40,980.5242,716.9844,453.4446,189.9047,926.3649,662.8251,399.28
Woodie17,775.1028,962.6036,718.3047,905.8055,661.5066,849.0074,604.70
Fibonacci29,534.5736,770.8741,241.4648,477.7755,714.0760,184.6667,420.97

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): 56.98
MACD (12,26,9): 0.4000
Directional Movement: 7.18
AROON (14): 21.43
DEMA (21): 42,765.66
Parabolic SAR (0,02-0,02-0,2): 42,059.26
Elder Ray (13): 280.93
Super Trend (3,10): 42,048.50
Zig ZAG (10): 43,194.29
VORTEX (21): 1.0800
Stochastique (14,3,5): 84.41
TEMA (21): 42,931.37
Williams %R (14): -1.56
Chande Momentum Oscillator (20): 698.22
Repulse (5,40,3): 1.3600
ROCnROLL: 1
TRIX (15,9): -0.0400
Courbe Coppock: 1.05
MA7: 42,560.17
MA20: 45,099.11
MA50: 48,454.13
MA100: 54,583.80
MAexp7: 42,978.96
MAexp20: 42,820.40
MAexp50: 42,909.47
MAexp100: 42,871.33
Price / MA7: +1.42%
Price / MA20: -4.29%
Price / MA50: -10.92%
Price / MA100: -20.92%
Price / MAexp7: +0.43%
Price / MAexp20: +0.80%
Price / MAexp50: +0.59%
Price / MAexp100: +0.68%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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