BITCOIN - BTC/USD - 1H - Technical analysis published on 09/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 19,900.90 USD
My targets
20,392.10 USD (+1.29%)
21,500.20 USD (+6.79%)
My analysis
BITCOIN - BTC/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 19,900.90 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 20,392.10 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 21,500.20 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 21,815.80 USD. Beware of a possible return to under the support located at 19,900.90 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
4.8
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This analysis was given by EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 20,132.69 USD. On the day, this instrument gained +1.70% and was between 19,757.75 USD and 20,187.80 USD. This implies that the price is at +1.90% from its lowest and at -0.27% from its highest.19,757.75
20,187.80
20,132.69
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 12,932.90 | 19,345.50 | 19,900.90 | 20,132.69 | 20,392.10 | 21,500.20 | 21,815.80 |
| Change (%) | -35.76% | -3.91% | -1.15% | - | +1.29% | +6.79% | +8.36% |
| Change | -7,199.79 | -787.19 | -231.79 | - | +259.41 | +1,367.51 | +1,683.11 |
| Level | Intermediate | Major | Intermediate | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,919.76 | 19,131.55 | 19,463.78 | 19,675.57 | 20,007.80 | 20,219.59 | 20,551.82 |
| Camarilla | 19,646.41 | 19,696.27 | 19,746.14 | 19,796.01 | 19,845.88 | 19,895.75 | 19,945.62 |
| Woodie | 18,979.98 | 19,161.66 | 19,524.00 | 19,705.68 | 20,068.02 | 20,249.70 | 20,612.04 |
| Fibonacci | 19,131.55 | 19,339.37 | 19,467.75 | 19,675.57 | 19,883.39 | 20,011.77 | 20,219.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,308.40 | 17,436.00 | 19,545.40 | 20,673.00 | 22,782.40 | 23,910.00 | 26,019.40 |
| Camarilla | 20,764.63 | 21,061.35 | 21,358.08 | 21,654.80 | 21,951.53 | 22,248.25 | 22,544.98 |
| Woodie | 16,799.30 | 17,681.45 | 20,036.30 | 20,918.45 | 23,273.30 | 24,155.45 | 26,510.30 |
| Fibonacci | 17,436.00 | 18,672.53 | 19,436.47 | 20,673.00 | 21,909.53 | 22,673.47 | 23,910.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12,312.67 | 15,920.53 | 17,986.47 | 21,594.33 | 23,660.27 | 27,268.13 | 29,334.07 |
| Camarilla | 18,492.11 | 19,012.20 | 19,532.30 | 20,052.40 | 20,572.50 | 21,092.60 | 21,612.70 |
| Woodie | 11,541.70 | 15,535.05 | 17,215.50 | 21,208.85 | 22,889.30 | 26,882.65 | 28,563.10 |
| Fibonacci | 15,920.53 | 18,087.93 | 19,426.94 | 21,594.33 | 23,761.73 | 25,100.74 | 27,268.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.07 | |
| MACD (12,26,9): | 66.8900 | |
| Directional Movement: | 5.57 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 20,045.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,948.30 | |
| Elder Ray (13): | 48.96 | |
| Super Trend (3,10): | 19,774.31 | |
| Zig ZAG (10): | 20,063.17 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 70.67 | |
| TEMA (21): | 20,102.91 | |
| Williams %R (14): | -27.99 | |
| Chande Momentum Oscillator (20): | 197.06 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.77 |
| MA7: | 20,602.03 | |
| MA20: | 20,224.58 | |
| MA50: | 21,686.83 | |
| MA100: | 21,631.47 | |
| MAexp7: | 20,039.16 | |
| MAexp20: | 19,960.84 | |
| MAexp50: | 19,938.56 | |
| MAexp100: | 20,116.62 | |
| Price / MA7: | -2.28% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -7.17% | |
| Price / MA100: | -6.93% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +0.86% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +0.08% |
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.
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