BITCOIN - BTC/USD - 1H - Technical analysis published on 07/31/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 9,652.26 USD
My targets
9,844.73 USD (+0.76%)
10,182.60 USD (+4.22%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on Bitcoin - BTC/USD as long as the price remains well above 9,652.26 USD. The buyers” bullish objective is set at 9,844.73 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,182.60 USD. If there is any crossing, the next objective would be the resistance located at 10,380.40 USD.
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 9,770.04 USD. The price has increased by +1.86% since the last closing and was between 9,576.68 USD and 9,825.72 USD. This implies that the price is at +2.02% from its lowest and at -0.57% from its highest.9,576.68
9,825.72
9,770.04
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 this 1H chart of Bitcoin - BTC/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
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
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,113.75 | 9,372.29 | 9,652.26 | 9,770.04 | 9,844.73 | 10,182.60 | 10,380.40 |
| Change (%) | -6.72% | -4.07% | -1.21% | - | +0.76% | +4.22% | +6.25% |
| Change | -656.29 | -397.75 | -117.78 | - | +74.69 | +412.56 | +610.36 |
| Level | Minor | Intermediate | Intermediate | - | Major | Major | Minor |
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 | 9,000.95 | 9,189.28 | 9,390.72 | 9,579.05 | 9,780.49 | 9,968.82 | 10,170.26 |
| Camarilla | 9,484.96 | 9,520.69 | 9,556.42 | 9,592.15 | 9,627.88 | 9,663.61 | 9,699.34 |
| Woodie | 9,007.50 | 9,192.56 | 9,397.27 | 9,582.33 | 9,787.04 | 9,972.10 | 10,176.81 |
| Fibonacci | 9,189.28 | 9,338.18 | 9,430.16 | 9,579.05 | 9,727.95 | 9,819.93 | 9,968.82 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.87 | |
| MACD (12,26,9): | 55.4100 | |
| Directional Movement: | 17.75 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 9,736.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,650.11 | |
| Elder Ray (13): | 51.52 | |
| Super Trend (3,10): | 9,557.29 | |
| Zig ZAG (10): | 9,745.29 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 74.37 | |
| TEMA (21): | 9,764.99 | |
| Williams %R (14): | -24.96 | |
| Chande Momentum Oscillator (20): | 177.40 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.65 |
| MA7: | 9,652.29 | |
| MA20: | 10,170.90 | |
| MA50: | 10,473.90 | |
| MA100: | 8,797.33 | |
| MAexp7: | 9,726.90 | |
| MAexp20: | 9,669.94 | |
| MAexp50: | 9,608.64 | |
| MAexp100: | 9,628.34 | |
| Price / MA7: | +1.22% | |
| Price / MA20: | -3.94% | |
| Price / MA50: | -6.72% | |
| Price / MA100: | +11.06% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.68% | |
| Price / MAexp100: | +1.47% |
This member declared not having a position on this financial instrument or a related financial instrument.
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