BITCOIN - BTC/USD - 1H - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
17%
56%
28%
My opinion
Bullish above 12,190.50 USD
My targets
12,944.80 USD (+5.37%)
13,860.60 USD (+12.83%)
My analysis
With a bullish background trend, the price of Bitcoin - BTC/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 12,190.50 USD. A bullish break in the resistance located at 12,944.80 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 13,860.60 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 12,944.80 USD before allowing yourself to re trade long positions (at purchase) on Bitcoin - BTC/USD. PS: if there is a bearish break in the support located at 12,190.50 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.
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
The Bitcoin - BTC/USD price is 12,284.63 USD. The price registered a decrease of -5.01% on the session with the lowest point at 12,080.67 USD and the highest point at 13,349.62 USD. The deviation from the price is +1.69% for the low point and -7.98% for the high point.12,080.67
13,349.62
12,284.63
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
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. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,844.73 | 11,504.60 | 12,190.50 | 12,284.63 | 12,944.80 | 13,860.60 | 19,345.50 |
| Change (%) | -19.86% | -6.35% | -0.77% | - | +5.37% | +12.83% | +57.48% |
| Change | -2,439.90 | -780.03 | -94.13 | - | +660.17 | +1,575.97 | +7,060.87 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Major |
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 | 9,598.96 | 10,636.84 | 11,784.86 | 12,822.74 | 13,970.76 | 15,008.64 | 16,156.66 |
| Camarilla | 12,331.76 | 12,532.13 | 12,732.51 | 12,932.88 | 13,133.25 | 13,333.63 | 13,534.00 |
| Woodie | 9,654.03 | 10,664.37 | 11,839.93 | 12,850.27 | 14,025.83 | 15,036.18 | 16,211.73 |
| Fibonacci | 10,636.84 | 11,471.85 | 11,987.73 | 12,822.74 | 13,657.75 | 14,173.63 | 15,008.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,846.46 | 7,826.83 | 9,245.55 | 10,225.92 | 11,644.64 | 12,625.01 | 14,043.73 |
| Camarilla | 10,004.51 | 10,224.43 | 10,444.34 | 10,664.26 | 10,884.18 | 11,104.09 | 11,324.01 |
| Woodie | 7,065.62 | 7,936.42 | 9,464.71 | 10,335.51 | 11,863.80 | 12,734.60 | 14,262.89 |
| Fibonacci | 7,826.83 | 8,743.29 | 9,309.47 | 10,225.92 | 11,142.38 | 11,708.56 | 12,625.01 |
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): | 44.21 | |
| MACD (12,26,9): | 53.1300 | |
| Directional Movement: | -8.33 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 12,847.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 13,158.97 | |
| Elder Ray (13): | -328.00 | |
| Super Trend (3,10): | 13,734.22 | |
| Zig ZAG (10): | 12,316.64 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 33.84 | |
| TEMA (21): | 12,631.39 | |
| Williams %R (14): | -76.31 | |
| Chande Momentum Oscillator (20): | -335.14 | |
| Repulse (5,40,3): | -1.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2100 | |
| Courbe Coppock: | 7.05 |
| MA7: | 11,401.92 | |
| MA20: | 9,576.66 | |
| MA50: | 8,576.33 | |
| MA100: | 6,764.90 | |
| MAexp7: | 12,633.24 | |
| MAexp20: | 12,715.20 | |
| MAexp50: | 12,332.38 | |
| MAexp100: | 11,756.42 | |
| Price / MA7: | +7.74% | |
| Price / MA20: | +28.28% | |
| Price / MA50: | +43.24% | |
| Price / MA100: | +81.59% | |
| Price / MAexp7: | -2.78% | |
| Price / MAexp20: | -3.41% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | +4.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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