BITCOIN - BTC/USD - 1H - Technical analysis published on 09/02/2019 (GMT)
- Who voted?
- 155
- 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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 9,629.79 USD
My targets
10,024.30 USD (+2.64%)
10,277.00 USD (+5.23%)
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 9,629.79 USD. The buyers” bullish objective is set at 10,024.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,277.00 USD. If there is any crossing, the next objective would be the resistance located at 10,663.60 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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 price is 9,766.26 USD. The price registered a decrease of -0.03% on the session and was traded between 9,756.47 USD and 9,800.57 USD over the period. The price is currently at +0.10% from its lowest and -0.35% from its highest.9,756.47
9,800.57
9,766.26
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this Bitcoin - BTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed 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 technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
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 | 9,419.45 | 9,524.35 | 9,629.79 | 9,766.26 | 10,024.30 | 10,277.00 | 10,663.60 |
| Change (%) | -3.55% | -2.48% | -1.40% | - | +2.64% | +5.23% | +9.19% |
| Change | -346.81 | -241.91 | -136.47 | - | +258.04 | +510.74 | +897.34 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,296.52 | 9,418.85 | 9,594.23 | 9,716.56 | 9,891.94 | 10,014.27 | 10,189.65 |
| Camarilla | 9,687.75 | 9,715.04 | 9,742.33 | 9,769.62 | 9,796.91 | 9,824.20 | 9,851.49 |
| Woodie | 9,323.06 | 9,432.11 | 9,620.77 | 9,729.82 | 9,918.48 | 10,027.53 | 10,216.19 |
| Fibonacci | 9,418.85 | 9,532.57 | 9,602.83 | 9,716.56 | 9,830.28 | 9,900.54 | 10,014.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,720.68 | 8,521.49 | 9,061.97 | 9,862.78 | 10,403.26 | 11,204.07 | 11,744.55 |
| Camarilla | 9,233.59 | 9,356.54 | 9,479.49 | 9,602.44 | 9,725.39 | 9,848.34 | 9,971.30 |
| Woodie | 7,590.51 | 8,456.41 | 8,931.80 | 9,797.70 | 10,273.09 | 11,138.99 | 11,614.38 |
| Fibonacci | 8,521.49 | 9,033.87 | 9,350.41 | 9,862.78 | 10,375.16 | 10,691.70 | 11,204.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,498.54 | 7,410.43 | 8,506.43 | 10,418.32 | 11,514.32 | 13,426.21 | 14,522.21 |
| Camarilla | 8,775.27 | 9,050.99 | 9,326.72 | 9,602.44 | 9,878.16 | 10,153.89 | 10,429.61 |
| Woodie | 5,090.61 | 7,206.46 | 8,098.50 | 10,214.35 | 11,106.39 | 13,222.24 | 14,114.28 |
| Fibonacci | 7,410.43 | 8,559.44 | 9,269.30 | 10,418.32 | 11,567.33 | 12,277.19 | 13,426.21 |
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): | 62.74 | |
| MACD (12,26,9): | 42.9500 | |
| Directional Movement: | 16.02 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 9,784.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,691.46 | |
| Elder Ray (13): | 18.22 | |
| Super Trend (3,10): | 9,661.19 | |
| Zig ZAG (10): | 9,772.71 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 71.02 | |
| TEMA (21): | 9,803.39 | |
| Williams %R (14): | -32.44 | |
| Chande Momentum Oscillator (20): | 65.93 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.91 |
| MA7: | 9,728.75 | |
| MA20: | 10,114.55 | |
| MA50: | 10,390.01 | |
| MA100: | 10,130.31 | |
| MAexp7: | 9,768.80 | |
| MAexp20: | 9,728.32 | |
| MAexp50: | 9,674.56 | |
| MAexp100: | 9,691.53 | |
| Price / MA7: | +0.39% | |
| Price / MA20: | -3.44% | |
| Price / MA50: | -6.00% | |
| Price / MA100: | -3.59% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.39% | |
| Price / MAexp50: | +0.95% | |
| Price / MAexp100: | +0.77% |
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