BITCOIN - BTC/USD - 1H - Technical analysis published on 06/18/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
11%
67%
22%
My opinion
Bullish above 8,820.82 USD
My targets
9,200.10 USD (+0.23%)
9,389.09 USD (+2.29%)
My analysis
The basic trend is bullish on Bitcoin - BTC/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 8,820.82 USD. Sellers would then use the next support located at 8,397.92 USD as an objective. Crossing it would then enable sellers to target 8,052.66 USD. If there is a return to above the resistance located at 9,200.10 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 9,389.09 USD and 9,844.73 USD by extension.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin - BTC/USD rating 9,178.92 USD. The price is lower by -1.67% since the last closing with the lowest point at 9,031.33 USD and the highest point at 9,355.88 USD. The deviation from the price is +1.63% for the low point and -1.89% for the high point.9,031.33
9,355.88
9,178.92
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:
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
Technical analysis of this 1H chart of Bitcoin - BTC/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,052.66 | 8,397.92 | 8,820.82 | 9,178.92 | 9,200.10 | 9,389.09 | 9,844.73 |
| Change (%) | -12.27% | -8.51% | -3.90% | - | +0.23% | +2.29% | +7.25% |
| Change | -1,126.26 | -781.00 | -358.10 | - | +21.18 | +210.17 | +665.81 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 8,541.84 | 8,757.28 | 9,046.05 | 9,261.49 | 9,550.26 | 9,765.70 | 10,054.47 |
| Camarilla | 9,196.17 | 9,242.39 | 9,288.61 | 9,334.83 | 9,381.05 | 9,427.27 | 9,473.49 |
| Woodie | 8,578.52 | 8,775.61 | 9,082.73 | 9,279.82 | 9,586.93 | 9,784.03 | 10,091.14 |
| Fibonacci | 8,757.28 | 8,949.88 | 9,068.88 | 9,261.49 | 9,454.09 | 9,573.09 | 9,765.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,549.29 | 7,029.94 | 7,944.65 | 8,425.30 | 9,340.01 | 9,820.66 | 10,735.37 |
| Camarilla | 8,475.63 | 8,603.53 | 8,731.44 | 8,859.35 | 8,987.26 | 9,115.17 | 9,243.07 |
| Woodie | 6,766.31 | 7,138.46 | 8,161.67 | 8,533.81 | 9,557.03 | 9,929.17 | 10,952.39 |
| Fibonacci | 7,029.94 | 7,562.97 | 7,892.28 | 8,425.30 | 8,958.33 | 9,287.64 | 9,820.66 |
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): | 46.15 | |
| MACD (12,26,9): | -5.6200 | |
| Directional Movement: | -9.44 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 9,238.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,445.09 | |
| Elder Ray (13): | -91.88 | |
| Super Trend (3,10): | 9,034.26 | |
| Zig ZAG (10): | 9,139.70 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 22.11 | |
| TEMA (21): | 9,183.01 | |
| Williams %R (14): | -76.39 | |
| Chande Momentum Oscillator (20): | -148.11 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.86 |
| MA7: | 8,776.43 | |
| MA20: | 8,322.33 | |
| MA50: | 7,615.30 | |
| MA100: | 6,132.11 | |
| MAexp7: | 9,193.56 | |
| MAexp20: | 9,226.28 | |
| MAexp50: | 9,155.68 | |
| MAexp100: | 8,954.49 | |
| Price / MA7: | +4.59% | |
| Price / MA20: | +10.29% | |
| Price / MA50: | +20.53% | |
| Price / MA100: | +49.69% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.51% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +2.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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