BITCOIN - BTC/USD - 1H - Technical analysis published on 01/26/2022 (GMT)
- 158
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 37,531.00 USD
My targets
40,643.20 USD (+7.19%)
42,640.00 USD (+12.46%)
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 37,531.00 USD. The buyers' bullish objective is set at 40,643.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 42,640.00 USD. If there is any crossing, the next objective would be the resistance located at 43,506.90 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, 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
8.4
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 baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 37,915.72 USD. On the day, this instrument gained +2.54% with the lowest point at 36,595.88 USD and the highest point at 38,242.35 USD. The deviation from the price is +3.61% for the low point and -0.85% for the high point.36,595.88
38,242.35
37,915.72
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. 89.29% of the signals given by moving averages are bullish. This strongly 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, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 34,243.90 | 36,482.40 | 37,531.00 | 37,915.72 | 40,643.20 | 42,640.00 | 43,506.90 |
| Change (%) | -9.68% | -3.78% | -1.01% | - | +7.19% | +12.46% | +14.75% |
| Change | -3,671.82 | -1,433.32 | -384.72 | - | +2,727.48 | +4,724.28 | +5,591.18 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34,121.55 | 34,921.03 | 35,948.29 | 36,747.77 | 37,775.03 | 38,574.51 | 39,601.77 |
| Camarilla | 36,473.21 | 36,640.66 | 36,808.11 | 36,975.56 | 37,143.01 | 37,310.46 | 37,477.91 |
| Woodie | 34,235.45 | 34,977.98 | 36,062.19 | 36,804.72 | 37,888.93 | 38,631.46 | 39,715.67 |
| Fibonacci | 34,921.03 | 35,618.84 | 36,049.95 | 36,747.77 | 37,445.58 | 37,876.69 | 38,574.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,157.53 | 28,112.89 | 31,596.19 | 37,551.55 | 41,034.85 | 46,990.21 | 50,473.51 |
| Camarilla | 32,483.87 | 33,349.08 | 34,214.29 | 35,079.50 | 35,944.71 | 36,809.92 | 37,675.13 |
| Woodie | 20,921.51 | 27,494.88 | 30,360.17 | 36,933.54 | 39,798.83 | 46,372.20 | 49,237.49 |
| Fibonacci | 28,112.89 | 31,718.46 | 33,945.98 | 37,551.55 | 41,157.12 | 43,384.64 | 46,990.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37,198.73 | 41,353.17 | 43,771.53 | 47,925.97 | 50,344.33 | 54,498.77 | 56,917.13 |
| Camarilla | 44,382.38 | 44,984.89 | 45,587.39 | 46,189.90 | 46,792.41 | 47,394.91 | 47,997.42 |
| Woodie | 36,330.70 | 40,919.15 | 42,903.50 | 47,491.95 | 49,476.30 | 54,064.75 | 56,049.10 |
| Fibonacci | 41,353.17 | 43,863.98 | 45,415.16 | 47,925.97 | 50,436.78 | 51,987.96 | 54,498.77 |
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): | 63.68 | |
| MACD (12,26,9): | 353.9300 | |
| Directional Movement: | 15.05 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 37,656.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 37,126.93 | |
| Elder Ray (13): | 330.37 | |
| Super Trend (3,10): | 36,567.50 | |
| Zig ZAG (10): | 37,810.87 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 82.56 | |
| TEMA (21): | 37,726.36 | |
| Williams %R (14): | -12.19 | |
| Chande Momentum Oscillator (20): | 827.39 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.54 |
| MA7: | 37,152.06 | |
| MA20: | 40,588.15 | |
| MA50: | 44,942.62 | |
| MA100: | 52,390.31 | |
| MAexp7: | 37,565.84 | |
| MAexp20: | 37,191.49 | |
| MAexp50: | 36,659.27 | |
| MAexp100: | 36,738.02 | |
| Price / MA7: | +2.06% | |
| Price / MA20: | -6.58% | |
| Price / MA50: | -15.64% | |
| Price / MA100: | -27.63% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | +1.95% | |
| Price / MAexp50: | +3.43% | |
| Price / MAexp100: | +3.21% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H