BITCOIN - BTC/USD - 1H - Technical analysis published on 07/03/2019 (GMT)
- 195
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 11,074.00 USD
My targets
11,504.60 USD (+2.13%)
12,445.90 USD (+10.48%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 11,074.00 USD. The buyers” bullish objective is set at 11,504.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,445.90 USD. If there is any crossing, the next objective would be the resistance located at 12,932.90 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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 11,265.19 USD. The price has increased by +4.01% since the last closing and was traded between 10,834.34 USD and 11,572.67 USD over the period. The price is currently at +3.98% from its lowest and -2.66% from its highest.10,834.34
11,572.67
11,265.19
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Bitcoin - BTC/USD:
Technical
Technical analysis of Bitcoin - BTC/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 10,301.40 | 10,655.50 | 11,074.00 | 11,265.19 | 11,504.60 | 12,445.90 | 12,932.90 |
| Change (%) | -8.56% | -5.41% | -1.70% | - | +2.13% | +10.48% | +14.80% |
| Change | -963.79 | -609.69 | -191.19 | - | +239.41 | +1,180.71 | +1,667.71 |
| Level | Intermediate | 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 | 8,656.85 | 9,135.65 | 9,983.51 | 10,462.31 | 11,310.17 | 11,788.97 | 12,636.83 |
| Camarilla | 10,466.55 | 10,588.16 | 10,709.77 | 10,831.38 | 10,952.99 | 11,074.60 | 11,196.21 |
| Woodie | 8,841.39 | 9,227.92 | 10,168.05 | 10,554.58 | 11,494.71 | 11,881.23 | 12,821.37 |
| Fibonacci | 9,135.65 | 9,642.43 | 9,955.52 | 10,462.31 | 10,969.09 | 11,282.18 | 11,788.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,599.01 | 8,449.86 | 10,158.91 | 12,009.76 | 13,718.81 | 15,569.66 | 17,278.71 |
| Camarilla | 10,889.00 | 11,215.32 | 11,541.65 | 11,867.97 | 12,194.29 | 12,520.62 | 12,846.94 |
| Woodie | 6,528.12 | 8,414.41 | 10,088.02 | 11,974.31 | 13,647.92 | 15,534.21 | 17,207.82 |
| Fibonacci | 8,449.86 | 9,809.74 | 10,649.88 | 12,009.76 | 13,369.64 | 14,209.77 | 15,569.66 |
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): | 54.00 | |
| MACD (12,26,9): | 125.1300 | |
| Directional Movement: | -2.52 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11,382.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,490.37 | |
| Elder Ray (13): | 4.00 | |
| Super Trend (3,10): | 10,709.99 | |
| Zig ZAG (10): | 11,244.33 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 54.69 | |
| TEMA (21): | 11,376.88 | |
| Williams %R (14): | -46.07 | |
| Chande Momentum Oscillator (20): | 184.48 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 0.24 |
| MA7: | 11,264.77 | |
| MA20: | 10,500.70 | |
| MA50: | 9,054.79 | |
| MA100: | 7,190.84 | |
| MAexp7: | 11,283.74 | |
| MAexp20: | 11,196.93 | |
| MAexp50: | 11,002.18 | |
| MAexp100: | 11,041.26 | |
| Price / MA7: | +0.00% | |
| Price / MA20: | +7.28% | |
| Price / MA50: | +24.41% | |
| Price / MA100: | +56.66% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | +0.61% | |
| Price / MAexp50: | +2.39% | |
| Price / MAexp100: | +2.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H