BITCOIN - BTC/USD - 1H - Technical analysis published on 05/30/2023 (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
44%
6%
50%
My opinion
Bullish above 27,478.20 USD
My targets
29,002.93 USD (+4.56%)
29,794.70 USD (+7.41%)
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 27,478.20 USD. Crossing the first resistance at 29,002.93 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 29,794.70 USD as an objective. Crossing it would then enable buyers to target 35,079.50 USD. Caution, a return to below 27,478.20 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 27,738.81 USD. The price is lower by -0.03% since the last closing with the lowest point at 27,596.37 USD and the highest point at 27,926.89 USD. The deviation from the price is +0.52% for the low point and -0.67% for the high point.27,596.37
27,926.89
27,738.81
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:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26,940.80 | 27,352.50 | 27,478.20 | 27,738.81 | 29,794.70 | 35,079.50 | 40,632.20 |
| Change (%) | -2.88% | -1.39% | -0.94% | - | +7.41% | +26.46% | +46.48% |
| Change | -798.01 | -386.31 | -260.61 | - | +2,055.89 | +7,340.69 | +12,893.39 |
| Level | Intermediate | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,492.04 | 27,021.22 | 27,384.03 | 27,913.21 | 28,276.02 | 28,805.20 | 29,168.01 |
| Camarilla | 27,501.55 | 27,583.32 | 27,665.08 | 27,746.85 | 27,828.62 | 27,910.38 | 27,992.15 |
| Woodie | 26,408.87 | 26,979.63 | 27,300.86 | 27,871.62 | 28,192.85 | 28,763.61 | 29,084.84 |
| Fibonacci | 27,021.22 | 27,361.96 | 27,572.47 | 27,913.21 | 28,253.95 | 28,464.46 | 28,805.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,665.53 | 25,348.97 | 26,111.33 | 26,794.77 | 27,557.13 | 28,240.57 | 29,002.93 |
| Camarilla | 26,476.11 | 26,608.64 | 26,741.17 | 26,873.70 | 27,006.23 | 27,138.76 | 27,271.30 |
| Woodie | 24,705.00 | 25,368.70 | 26,150.80 | 26,814.50 | 27,596.60 | 28,260.30 | 29,042.40 |
| Fibonacci | 25,348.97 | 25,901.26 | 26,242.47 | 26,794.77 | 27,347.06 | 27,688.27 | 28,240.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23,091.60 | 25,039.60 | 27,133.50 | 29,081.50 | 31,175.40 | 33,123.40 | 35,217.30 |
| Camarilla | 28,115.88 | 28,486.39 | 28,856.89 | 29,227.40 | 29,597.91 | 29,968.42 | 30,338.92 |
| Woodie | 23,164.55 | 25,076.08 | 27,206.45 | 29,117.98 | 31,248.35 | 33,159.88 | 35,290.25 |
| Fibonacci | 25,039.60 | 26,583.61 | 27,537.49 | 29,081.50 | 30,625.51 | 31,579.39 | 33,123.40 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.94 | |
| MACD (12,26,9): | 21.3400 | |
| Directional Movement: | 0.15 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 27,799.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 27,628.43 | |
| Elder Ray (13): | 38.65 | |
| Super Trend (3,10): | 28,008.89 | |
| Zig ZAG (10): | 27,781.59 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 60.08 | |
| TEMA (21): | 27,740.03 | |
| Williams %R (14): | -41.51 | |
| Chande Momentum Oscillator (20): | 83.75 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.52 |
| MA7: | 27,140.96 | |
| MA20: | 27,039.34 | |
| MA50: | 28,171.29 | |
| MA100: | 26,838.73 | |
| MAexp7: | 27,775.07 | |
| MAexp20: | 27,763.62 | |
| MAexp50: | 27,622.25 | |
| MAexp100: | 27,361.82 | |
| Price / MA7: | +2.20% | |
| Price / MA20: | +2.59% | |
| Price / MA50: | -1.54% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.09% | |
| Price / MAexp50: | +0.42% | |
| Price / MAexp100: | +1.38% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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