BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 01/25/2022 (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
50%
17%
33%
My opinion
Bullish above 35,494.80 USD
My targets
38,301.00 USD (+4.30%)
40,643.20 USD (+10.68%)
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 35,494.80 USD. The buyers' bullish objective is set at 38,301.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 40,643.20 USD. If there is any crossing, the next objective would be the resistance located at 42,640.00 USD.

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
5.7

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 skyallex. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 36,720.25 USD. On the day, this instrument gained +0.05% and was between 35,720.50 USD and 37,547.24 USD. This implies that the price is at +2.80% from its lowest and at -2.20% from its highest.

35,720.50
37,547.24
36,720.25

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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 this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 34,243.90 35,494.80 36,532.10 36,720.25 38,301.00 40,643.20 42,640.00
Change (%) -6.74% -3.34% -0.51% - +4.30% +10.68% +16.12%
Change -2,476.35 -1,225.45 -188.15 - +1,580.75 +3,922.95 +5,919.75
Level Intermediate Minor Minor - Minor Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard29,442.4031,212.7533,958.0035,728.3538,473.6040,243.9542,989.20
Camarilla35,461.4635,875.3936,289.3236,703.2537,117.1837,531.1137,945.04
Woodie29,929.8531,456.4834,445.4535,972.0838,961.0540,487.6843,476.65
Fibonacci31,212.7532,937.7134,003.3935,728.3537,453.3138,518.9940,243.95


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22,157.5328,112.8931,596.1937,551.5541,034.8546,990.2150,473.51
Camarilla32,483.8733,349.0834,214.2935,079.5035,944.7136,809.9237,675.13
Woodie20,921.5127,494.8830,360.1736,933.5439,798.8346,372.2049,237.49
Fibonacci28,112.8931,718.4633,945.9837,551.5541,157.1243,384.6446,990.21


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard37,198.7341,353.1743,771.5347,925.9750,344.3354,498.7756,917.13
Camarilla44,382.3844,984.8945,587.3946,189.9046,792.4147,394.9147,997.42
Woodie36,330.7040,919.1542,903.5047,491.9549,476.3054,064.7556,049.10
Fibonacci41,353.1743,863.9845,415.1647,925.9750,436.7851,987.9654,498.77

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): 56.24
MACD (12,26,9): 344.9400
Directional Movement: 8.50
AROON (14): 78.57
DEMA (21): 36,980.78
Parabolic SAR (0,02-0,02-0,2): 36,215.96
Elder Ray (13): 70.07
Super Trend (3,10): 35,779.73
Zig ZAG (10): 36,691.89
VORTEX (21): 1.0800
Stochastique (14,3,5): 60.81
TEMA (21): 37,089.33
Williams %R (14): -57.22
Chande Momentum Oscillator (20): 229.13
Repulse (5,40,3): -0.3000
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 4.07
MA7: 37,664.62
MA20: 40,841.62
MA50: 45,195.26
MA100: 52,630.83
MAexp7: 36,939.37
MAexp20: 36,579.53
MAexp50: 36,169.44
MAexp100: 36,555.45
Price / MA7: -2.51%
Price / MA20: -10.09%
Price / MA50: -18.75%
Price / MA100: -30.23%
Price / MAexp7: -0.59%
Price / MAexp20: +0.38%
Price / MAexp50: +1.52%
Price / MAexp100: +0.45%

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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