BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 03/23/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 27,820.70 USD

My targets

28,876.80 USD (+1.19%)

29,794.70 USD (+4.41%)

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 27,820.70 USD. The buyers' bullish objective is set at 28,876.80 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 29,794.70 USD. If there is any crossing, the next objective would be the resistance located at 35,079.50 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 28,536.31 USD. On the day, this instrument gained +4.48% and was between 27,174.42 USD and 28,790.42 USD. This implies that the price is at +5.01% from its lowest and at -0.88% from its highest.

27,174.42

28,790.42

28,536.31

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 BITCOIN - BTC/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	26,640.30	27,374.80	27,820.70	28,536.31	28,876.80	29,794.70	35,079.50
Change (%)	-6.64%	-4.07%	-2.51%	-	+1.19%	+4.41%	+22.93%
Change	-1,896.01	-1,161.51	-715.61	-	+340.49	+1,258.39	+6,543.19
Level	Intermediate	Intermediate	Minor	-	Minor	Intermediate	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	24,132.99	25,394.76	26,353.20	27,614.97	28,573.41	29,835.18	30,793.62
Camarilla	26,701.07	26,904.59	27,108.11	27,311.63	27,515.15	27,718.67	27,922.19
Woodie	23,981.32	25,318.93	26,201.53	27,539.14	28,421.74	29,759.35	30,641.95
Fibonacci	25,394.76	26,242.88	26,766.85	27,614.97	28,463.09	28,987.06	29,835.18

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):	64.38
MACD (12,26,9):	87.8900
Directional Movement:	17.13
AROON (14):	92.86
DEMA (21):	27,888.57
Parabolic SAR (0,02-0,02-0,2):	26,953.79
Elder Ray (13):	651.23
Super Trend (3,10):	27,592.35
Zig ZAG (10):	28,442.69
VORTEX (21):	1.2900
Stochastique (14,3,5):	88.76
TEMA (21):	28,032.05
Williams %R (14):	-24.29
Chande Momentum Oscillator (20):	1,124.87
Repulse (5,40,3):	1.8100
ROCnROLL:	1
TRIX (15,9):	-0.0300
Courbe Coppock:	4.67

MA7:	27,743.75
MA20:	24,356.04
MA50:	23,703.76
MA100:	21,391.32
MAexp7:	28,067.84
MAexp20:	27,847.11
MAexp50:	27,853.78
MAexp100:	27,694.70
Price / MA7:	+2.86%
Price / MA20:	+17.16%
Price / MA50:	+20.39%
Price / MA100:	+33.40%
Price / MAexp7:	+1.67%
Price / MAexp20:	+2.47%
Price / MAexp50:	+2.45%
Price / MAexp100:	+3.04%

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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