BITCOIN - BTC/USD - 1H - Technical analysis published on 07/30/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 9,653.19 USD
My targets
9,844.73 USD (+1.96%)
10,183.30 USD (+5.47%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on Bitcoin - BTC/USD. This is a positive signal for buyers. As long as the price remains above 9,653.19 USD, a purchase could be considered. The first bullish objective is located at 9,844.73 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10,183.30 USD as an objective. Crossing it would then enable buyers to target 10,665.50 USD. In the event of a return below 9,653.19 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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 9,655.10 USD. The price has increased by +1.65% since the last closing and was traded between 9,377.62 USD and 9,767.39 USD over the period. The price is currently at +2.96% from its lowest and -1.15% from its highest.9,377.62
9,767.39
9,655.10
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of Bitcoin - BTC/USD in 1H shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bearish signals that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,113.75 | 9,287.02 | 9,653.19 | 9,655.10 | 9,844.73 | 10,183.30 | 10,665.50 |
| Change (%) | -5.61% | -3.81% | -0.02% | - | +1.96% | +5.47% | +10.46% |
| Change | -541.35 | -368.08 | -1.91 | - | +189.63 | +528.20 | +1,010.40 |
| Level | Minor | Intermediate | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,975.90 | 9,169.87 | 9,334.36 | 9,528.33 | 9,692.82 | 9,886.79 | 10,051.28 |
| Camarilla | 9,400.26 | 9,433.12 | 9,465.98 | 9,498.84 | 9,531.70 | 9,564.56 | 9,597.42 |
| Woodie | 8,961.15 | 9,162.50 | 9,319.61 | 9,520.96 | 9,678.07 | 9,879.42 | 10,036.53 |
| Fibonacci | 9,169.87 | 9,306.81 | 9,391.40 | 9,528.33 | 9,665.27 | 9,749.86 | 9,886.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,332.29 | 8,307.56 | 8,891.15 | 9,866.42 | 10,450.01 | 11,425.28 | 12,008.87 |
| Camarilla | 9,046.04 | 9,188.94 | 9,331.84 | 9,474.73 | 9,617.63 | 9,760.52 | 9,903.42 |
| Woodie | 7,136.44 | 8,209.64 | 8,695.30 | 9,768.50 | 10,254.16 | 11,327.36 | 11,813.02 |
| Fibonacci | 8,307.56 | 8,903.05 | 9,270.94 | 9,866.42 | 10,461.91 | 10,829.80 | 11,425.28 |
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): | 63.67 | |
| MACD (12,26,9): | 39.2000 | |
| Directional Movement: | 11.26 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 9,599.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,482.64 | |
| Elder Ray (13): | 60.99 | |
| Super Trend (3,10): | 9,469.45 | |
| Zig ZAG (10): | 9,656.55 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 71.42 | |
| TEMA (21): | 9,641.40 | |
| Williams %R (14): | -30.34 | |
| Chande Momentum Oscillator (20): | 157.26 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.98 |
| MA7: | 9,664.50 | |
| MA20: | 10,253.05 | |
| MA50: | 10,438.24 | |
| MA100: | 8,754.20 | |
| MAexp7: | 9,610.85 | |
| MAexp20: | 9,559.04 | |
| MAexp50: | 9,544.04 | |
| MAexp100: | 9,607.93 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | -5.83% | |
| Price / MA50: | -7.50% | |
| Price / MA100: | +10.29% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +0.49% |
This member declared not having a position on this financial instrument or a related financial instrument.
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