BITCOIN - BTC/USD - 1H - Technical analysis published on 03/23/2023 (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:
Bullish
Technical indicators
89%
0%
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
0
10
7.5
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.
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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:
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
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
S3
S2
S1
R1
R2
R3
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
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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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