BITCOIN - BTC/USD - 1H - Technical analysis published on 07/21/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 10,514.70 USD
My targets
10,793.10 USD (+0.98%)
11,078.60 USD (+3.65%)
My analysis
A bullish trend on Bitcoin - BTC/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 10,514.70 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 10,793.10 USD. Then the price could move towards 11,078.60 USD. Then 11,504.60 USD by extension. Be careful, a return below 10,514.70 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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 rating is 10,688.10 USD. The price is lower by -0.67% since the last closing and was traded between 10,481.20 USD and 10,841.72 USD over the period. The price is currently at +1.97% from its lowest and -1.42% from its highest.10,481.20
10,841.72
10,688.10
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of Bitcoin - BTC/USD in 1H shows an overall bullish trend. 75% 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 detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
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 bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 9,844.73 | 10,097.20 | 10,514.70 | 10,688.10 | 10,793.10 | 11,078.60 | 11,504.60 |
| Change (%) | -7.89% | -5.53% | -1.62% | - | +0.98% | +3.65% | +7.64% |
| Change | -843.37 | -590.90 | -173.40 | - | +105.00 | +390.50 | +816.50 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,182.07 | 8,734.34 | 9,687.55 | 10,239.82 | 11,193.03 | 11,745.30 | 12,698.51 |
| Camarilla | 10,226.76 | 10,364.77 | 10,502.77 | 10,640.77 | 10,778.77 | 10,916.77 | 11,054.78 |
| Woodie | 8,382.55 | 8,834.57 | 9,888.03 | 10,340.06 | 11,393.51 | 11,845.54 | 12,898.99 |
| Fibonacci | 8,734.34 | 9,309.43 | 9,664.72 | 10,239.82 | 10,814.91 | 11,170.20 | 11,745.30 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.77 | |
| MACD (12,26,9): | 40.6400 | |
| Directional Movement: | 9.19 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 10,496.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,112.89 | |
| Elder Ray (13): | 91.15 | |
| Super Trend (3,10): | 10,087.36 | |
| Zig ZAG (10): | 10,539.35 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 57.57 | |
| TEMA (21): | 10,444.47 | |
| Williams %R (14): | -33.52 | |
| Chande Momentum Oscillator (20): | 198.51 | |
| Repulse (5,40,3): | 1.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 1.37 |
| MA7: | 10,393.22 | |
| MA20: | 11,089.83 | |
| MA50: | 10,030.02 | |
| MA100: | 8,232.02 | |
| MAexp7: | 10,461.59 | |
| MAexp20: | 10,423.03 | |
| MAexp50: | 10,300.47 | |
| MAexp100: | 10,312.10 | |
| Price / MA7: | +2.84% | |
| Price / MA20: | -3.62% | |
| Price / MA50: | +6.56% | |
| Price / MA100: | +29.84% | |
| Price / MAexp7: | +2.17% | |
| Price / MAexp20: | +2.54% | |
| Price / MAexp50: | +3.76% | |
| Price / MAexp100: | +3.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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