BITCOIN - BTC/USD - 1H - Technical analysis published on 01/26/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 22,399.60 USD
My targets
23,411.00 USD (+1.15%)
24,446.00 USD (+5.62%)
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 22,399.60 USD. The buyers' bullish objective is set at 23,411.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24,446.00 USD. If there is any crossing, the next objective would be the resistance located at 29,794.70 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, 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
7.3
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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 23,144.31 USD. The price has increased by +0.37% since the last closing and was traded between 23,057.03 USD and 23,274.90 USD over the period. The price is currently at +0.38% from its lowest and -0.56% from its highest.23,057.03
23,274.90
23,144.31
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20,448.30 | 21,277.00 | 22,399.60 | 23,144.31 | 23,161.30 | 23,411.00 | 24,446.00 |
| Change (%) | -11.65% | -8.07% | -3.22% | - | +0.07% | +1.15% | +5.62% |
| Change | -2,696.01 | -1,867.31 | -744.71 | - | +16.99 | +266.69 | +1,301.69 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20,906.63 | 21,629.21 | 22,344.17 | 23,066.75 | 23,781.71 | 24,504.29 | 25,219.25 |
| Camarilla | 22,663.80 | 22,795.57 | 22,927.35 | 23,059.12 | 23,190.90 | 23,322.67 | 23,454.44 |
| Woodie | 20,902.81 | 21,627.31 | 22,340.35 | 23,064.85 | 23,777.89 | 24,502.39 | 25,215.43 |
| Fibonacci | 21,629.21 | 22,178.35 | 22,517.61 | 23,066.75 | 23,615.89 | 23,955.15 | 24,504.29 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.26 | |
| MACD (12,26,9): | 121.6000 | |
| Directional Movement: | 19.57 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 23,116.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,775.72 | |
| Elder Ray (13): | 120.01 | |
| Super Trend (3,10): | 22,615.81 | |
| Zig ZAG (10): | 23,158.48 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 53.96 | |
| TEMA (21): | 23,227.39 | |
| Williams %R (14): | -50.69 | |
| Chande Momentum Oscillator (20): | 578.33 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.94 |
| MA7: | 22,849.14 | |
| MA20: | 20,565.45 | |
| MA50: | 18,362.38 | |
| MA100: | 18,238.16 | |
| MAexp7: | 23,130.34 | |
| MAexp20: | 22,983.23 | |
| MAexp50: | 22,879.92 | |
| MAexp100: | 22,739.81 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +12.54% | |
| Price / MA50: | +26.04% | |
| Price / MA100: | +26.90% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +1.78% |
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.
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