BITCOIN - BTC/USD

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 03/19/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 27,007.90 USD

My targets

29,712.14 USD (+8.82%)

32,457.92 USD (+18.87%)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 27,007.90 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 27,007.90 USD. The next bullish objective for buyers is set at 29,712.14 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 32,457.92 USD. If there is any crossing, the next objective would be the resistance located at 35,079.50 USD. PS: if there is a bearish break in the support located at 27,007.90 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

3.2

Comment on the analysis

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 Consciousconnection. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 27,304.97 USD. The price registered an increase of +1.26% on the session and was traded between 26,967.19 USD and 27,349.07 USD over the period. The price is currently at +1.25% from its lowest and -0.16% from its highest.

26,967.19

27,349.07

27,304.97

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

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 bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23,949.90	24,838.40	27,007.90	27,304.97	29,794.70	35,079.50	40,632.20
Change (%)	-12.29%	-9.03%	-1.09%	-	+9.12%	+28.47%	+48.81%
Change	-3,355.07	-2,466.57	-297.07	-	+2,489.73	+7,774.53	+13,327.23
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	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	25,346.71	25,985.48	26,475.92	27,114.69	27,605.13	28,243.90	28,734.34
Camarilla	26,655.83	26,759.34	26,862.85	26,966.36	27,069.87	27,173.38	27,276.89
Woodie	25,272.55	25,948.40	26,401.76	27,077.61	27,530.97	28,206.82	28,660.18
Fibonacci	25,985.48	26,416.84	26,683.33	27,114.69	27,546.05	27,812.54	28,243.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,956.14	17,701.92	22,334.14	25,079.92	29,712.14	32,457.92	37,090.14
Camarilla	24,937.41	25,613.73	26,290.04	26,966.36	27,642.68	28,318.99	28,995.31
Woodie	15,899.36	18,173.53	23,277.36	25,551.53	30,655.36	32,929.53	38,033.36
Fibonacci	17,701.92	20,520.32	22,261.52	25,079.92	27,898.32	29,639.52	32,457.92

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,417.63	19,401.07	21,267.03	23,250.47	25,116.43	27,099.87	28,965.83
Camarilla	22,074.42	22,427.28	22,780.14	23,133.00	23,485.86	23,838.72	24,191.59
Woodie	17,358.90	19,371.70	21,208.30	23,221.10	25,057.70	27,070.50	28,907.10
Fibonacci	19,401.07	20,871.54	21,780.00	23,250.47	24,720.94	25,629.40	27,099.87

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):	50.03
MACD (12,26,9):	32.4000
Directional Movement:	-9.26
AROON (14):	-14.29
DEMA (21):	27,329.10
Parabolic SAR (0,02-0,02-0,2):	27,382.24
Elder Ray (13):	-51.79
Super Trend (3,10):	26,788.75
Zig ZAG (10):	27,181.91
VORTEX (21):	0.9400
Stochastique (14,3,5):	51.73
TEMA (21):	27,107.28
Williams %R (14):	-48.17
Chande Momentum Oscillator (20):	-113.07
Repulse (5,40,3):	-0.0500
ROCnROLL:	-1
TRIX (15,9):	0.0500
Courbe Coppock:	2.31

MA7:	25,711.13
MA20:	23,351.26
MA50:	23,318.76
MA100:	20,956.40
MAexp7:	27,183.37
MAexp20:	27,234.42
MAexp50:	26,840.86
MAexp100:	25,998.05
Price / MA7:	+6.20%
Price / MA20:	+16.93%
Price / MA50:	+17.09%
Price / MA100:	+30.29%
Price / MAexp7:	+0.45%
Price / MAexp20:	+0.26%
Price / MAexp50:	+1.73%
Price / MAexp100:	+5.03%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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