BITCOIN - BTC/USD - 1H - Technical analysis published on 01/25/2023 (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:
Slightly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 22,750.00 USD
My targets
23,160.60 USD (+1.04%)
23,411.00 USD (+2.14%)
My analysis
The strong short-term increase for BITCOIN - BTC/USD reinforces the current slightly bullish trend. As long as the price remains above 22,750.00 USD, you could take advantage of this bullish acceleration. The first bullish objective is located at 23,160.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 23,411.00 USD as an objective. Crossing it would then enable buyers to target 24,446.00 USD. A return to 22,750.00 USD would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4
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This analysis was given by Kryptonitehq. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 22,921.27 USD. The price registered an increase of +1.26% on the session and was traded between 22,351.80 USD and 22,937.70 USD over the period. The price is currently at +2.55% from its lowest and -0.07% from its highest.22,351.80
22,937.70
22,921.27
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
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
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 21,602.90 | 22,399.60 | 22,750.00 | 22,921.27 | 23,160.60 | 23,411.00 | 24,446.00 |
Change (%) | -5.75% | -2.28% | -0.75% | - | +1.04% | +2.14% | +6.65% |
Change | -1,318.37 | -521.67 | -171.27 | - | +239.33 | +489.73 | +1,524.73 |
Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21,693.21 | 22,090.54 | 22,363.59 | 22,760.92 | 23,033.97 | 23,431.30 | 23,704.35 |
Camarilla | 22,452.29 | 22,513.74 | 22,575.19 | 22,636.64 | 22,698.09 | 22,759.54 | 22,821.00 |
Woodie | 21,631.07 | 22,059.47 | 22,301.45 | 22,729.85 | 22,971.83 | 23,400.23 | 23,642.21 |
Fibonacci | 22,090.54 | 22,346.63 | 22,504.84 | 22,760.92 | 23,017.01 | 23,175.22 | 23,431.30 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18,054.87 | 19,251.58 | 21,017.57 | 22,214.28 | 23,980.27 | 25,176.98 | 26,942.97 |
Camarilla | 21,968.81 | 22,240.39 | 22,511.97 | 22,783.55 | 23,055.13 | 23,326.71 | 23,598.29 |
Woodie | 18,339.50 | 19,393.90 | 21,302.20 | 22,356.60 | 24,264.90 | 25,319.30 | 27,227.60 |
Fibonacci | 19,251.58 | 20,383.34 | 21,082.53 | 22,214.28 | 23,346.04 | 24,045.23 | 25,176.98 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13,753.03 | 15,033.87 | 15,783.03 | 17,063.87 | 17,813.03 | 19,093.87 | 19,843.03 |
Camarilla | 15,973.95 | 16,160.03 | 16,346.12 | 16,532.20 | 16,718.28 | 16,904.37 | 17,090.45 |
Woodie | 13,487.20 | 14,900.95 | 15,517.20 | 16,930.95 | 17,547.20 | 18,960.95 | 19,577.20 |
Fibonacci | 15,033.87 | 15,809.33 | 16,288.41 | 17,063.87 | 17,839.33 | 18,318.41 | 19,093.87 |
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): | 56.74 | |
MACD (12,26,9): | -24.8400 | |
Directional Movement: | 0.72 | |
AROON (14): | 35.71 | |
DEMA (21): | 22,647.48 | |
Parabolic SAR (0,02-0,02-0,2): | 22,375.68 | |
Elder Ray (13): | 138.76 | |
Super Trend (3,10): | 22,909.03 | |
Zig ZAG (10): | 22,896.47 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 95.86 | |
TEMA (21): | 22,679.09 | |
Williams %R (14): | -3.07 | |
Chande Momentum Oscillator (20): | 245.66 | |
Repulse (5,40,3): | 1.5200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0400 | |
Courbe Coppock: | 0.36 |
MA7: | 22,536.43 | |
MA20: | 20,239.34 | |
MA50: | 18,229.64 | |
MA100: | 18,196.79 | |
MAexp7: | 22,726.34 | |
MAexp20: | 22,682.38 | |
MAexp50: | 22,743.64 | |
MAexp100: | 22,648.45 | |
Price / MA7: | +1.71% | |
Price / MA20: | +13.25% | |
Price / MA50: | +25.74% | |
Price / MA100: | +25.96% | |
Price / MAexp7: | +0.86% | |
Price / MAexp20: | +1.05% | |
Price / MAexp50: | +0.78% | |
Price / MAexp100: | +1.20% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
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