BITCOIN - BTC/USD - 1H - Technical analysis published on 01/27/2023 (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:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 22,650.30 USD
My targets
23,411.00 USD (+1.43%)
23,789.30 USD (+3.07%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 22,650.30 USD. Crossing the first resistance at 23,411.00 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 23,789.30 USD as an objective. Crossing it would then enable buyers to target 24,446.00 USD. Caution, a return to below 22,650.30 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.6
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This analysis was given by Kryptonitehq. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 23,080.08 USD. On the day, this instrument gained +0.30% with the lowest point at 22,611.92 USD and the highest point at 23,489.32 USD. The deviation from the price is +2.07% for the low point and -1.74% for the high point.22,611.92
23,489.32
23,080.08
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
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 strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21,277.00 | 22,399.60 | 22,650.30 | 23,080.08 | 23,159.80 | 23,411.00 | 23,789.30 |
| Change (%) | -7.81% | -2.95% | -1.86% | - | +0.35% | +1.43% | +3.07% |
| Change | -1,803.08 | -680.48 | -429.78 | - | +79.72 | +330.92 | +709.22 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22,415.66 | 22,640.40 | 22,825.43 | 23,050.17 | 23,235.20 | 23,459.94 | 23,644.97 |
| Camarilla | 22,897.78 | 22,935.35 | 22,972.91 | 23,010.47 | 23,048.03 | 23,085.60 | 23,123.16 |
| Woodie | 22,395.82 | 22,630.47 | 22,805.59 | 23,040.24 | 23,215.36 | 23,450.01 | 23,625.13 |
| Fibonacci | 22,640.40 | 22,796.93 | 22,893.64 | 23,050.17 | 23,206.70 | 23,303.41 | 23,459.94 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.28 | |
| MACD (12,26,9): | 33.1700 | |
| Directional Movement: | 9.77 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 23,087.32 | |
| Parabolic SAR (0,02-0,02-0,2): | 23,479.06 | |
| Elder Ray (13): | -40.33 | |
| Super Trend (3,10): | 22,811.32 | |
| Zig ZAG (10): | 23,036.44 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 30.15 | |
| TEMA (21): | 23,104.60 | |
| Williams %R (14): | -71.01 | |
| Chande Momentum Oscillator (20): | 68.57 | |
| Repulse (5,40,3): | -0.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.33 |
| MA7: | 22,884.33 | |
| MA20: | 20,860.58 | |
| MA50: | 18,474.78 | |
| MA100: | 18,275.40 | |
| MAexp7: | 23,082.85 | |
| MAexp20: | 23,042.58 | |
| MAexp50: | 22,993.12 | |
| MAexp100: | 22,885.10 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | +10.64% | |
| Price / MA50: | +24.93% | |
| Price / MA100: | +26.29% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +0.85% |
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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