BITCOIN - BTC/USD - 1H - Technical analysis published on 07/16/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bearish
Technical indicators
39%
17%
44%
My opinion
Bullish above 10,357.50 USD
My targets
10,956.10 USD (+1.30%)
11,504.60 USD (+6.37%)
My analysis
The strong short-term increase in Bitcoin - BTC/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 10,357.50 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 10,956.10 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11,504.60 USD as an objective. Crossing it would then enable buyers to target 11,886.40 USD. Caution, a return under 10,357.50 USD could jeopardize the reversal.
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 10,815.47 USD. On the day, this instrument lost -0.35% and was between 10,514.74 USD and 11,036.35 USD. This implies that the price is at +2.86% from its lowest and at -2.00% from its highest.10,514.74
11,036.35
10,815.47
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Technical
A technical analysis in 1H of this Bitcoin - BTC/USD chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,647.80 | 9,844.73 | 10,357.50 | 10,815.47 | 10,956.10 | 11,504.60 | 11,886.40 |
| Change (%) | -29.29% | -8.98% | -4.23% | - | +1.30% | +6.37% | +9.90% |
| Change | -3,167.67 | -970.74 | -457.97 | - | +140.63 | +689.13 | +1,070.93 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,841.57 | 9,333.44 | 10,093.20 | 10,585.07 | 11,344.83 | 11,836.70 | 12,596.46 |
| Camarilla | 10,508.77 | 10,623.50 | 10,738.24 | 10,852.97 | 10,967.70 | 11,082.44 | 11,197.17 |
| Woodie | 8,975.53 | 9,400.41 | 10,227.16 | 10,652.04 | 11,478.78 | 11,903.67 | 12,730.42 |
| Fibonacci | 9,333.44 | 9,811.56 | 10,106.94 | 10,585.07 | 11,063.19 | 11,358.57 | 11,836.70 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,002.88 | 9,404.30 | 10,394.06 | 11,795.48 | 12,785.24 | 14,186.66 | 15,176.42 |
| Camarilla | 10,726.25 | 10,945.44 | 11,164.63 | 11,383.82 | 11,603.01 | 11,822.20 | 12,041.40 |
| Woodie | 7,797.05 | 9,301.38 | 10,188.23 | 11,692.57 | 12,579.41 | 14,083.75 | 14,970.59 |
| Fibonacci | 9,404.30 | 10,317.73 | 10,882.05 | 11,795.48 | 12,708.91 | 13,273.23 | 14,186.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,082.83 | 4,258.67 | 7,508.93 | 10,684.77 | 13,935.03 | 17,110.87 | 20,361.13 |
| Camarilla | 8,992.02 | 9,581.08 | 10,170.14 | 10,759.20 | 11,348.26 | 11,937.32 | 12,526.38 |
| Woodie | 1,120.05 | 4,277.28 | 7,546.15 | 10,703.38 | 13,972.25 | 17,129.48 | 20,398.35 |
| Fibonacci | 4,258.67 | 6,713.44 | 8,230.00 | 10,684.77 | 13,139.54 | 14,656.10 | 17,110.87 |
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): | 54.24 | |
| MACD (12,26,9): | 64.3000 | |
| Directional Movement: | -1.79 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 10,817.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,944.67 | |
| Elder Ray (13): | 34.15 | |
| Super Trend (3,10): | 10,422.24 | |
| Zig ZAG (10): | 10,843.28 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 49.22 | |
| TEMA (21): | 10,887.05 | |
| Williams %R (14): | -44.77 | |
| Chande Momentum Oscillator (20): | -106.08 | |
| Repulse (5,40,3): | 1.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.19 |
| MA7: | 11,216.79 | |
| MA20: | 11,383.71 | |
| MA50: | 9,953.26 | |
| MA100: | 8,095.14 | |
| MAexp7: | 10,801.59 | |
| MAexp20: | 10,721.71 | |
| MAexp50: | 10,726.54 | |
| MAexp100: | 10,947.98 | |
| Price / MA7: | -3.58% | |
| Price / MA20: | -4.99% | |
| Price / MA50: | +8.66% | |
| Price / MA100: | +33.60% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.87% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | -1.21% |
This member declared not having a position on this financial instrument or a related financial instrument.
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