BITCOIN - BTC/USD - 1H - Technical analysis published on 09/04/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 10,281.80 USD
My targets
10,783.80 USD (+2.29%)
11,504.60 USD (+9.12%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on Bitcoin - BTC/USD. As long as you are above the support located at 10,281.80 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 10,783.80 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 11,504.60 USD as an objective. Crossing it would then enable buyers to target 12,932.90 USD. If the support 10,281.80 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more 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 MK. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Bitcoin - BTC/USD rating is 10,542.82 USD. On the day, this instrument lost -0.80% with the lowest point at 10,443.16 USD and the highest point at 10,645.31 USD. The deviation from the price is +0.95% for the low point and -0.96% for the high point.10,443.16
10,645.31
10,542.82
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of Bitcoin - BTC/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance 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 | 9,700.97 | 10,024.50 | 10,281.80 | 10,542.82 | 10,783.80 | 11,504.60 | 12,932.90 |
| Change (%) | -7.99% | -4.92% | -2.48% | - | +2.29% | +9.12% | +22.67% |
| Change | -841.85 | -518.32 | -261.02 | - | +240.98 | +961.78 | +2,390.08 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,845.44 | 10,064.38 | 10,345.89 | 10,564.83 | 10,846.34 | 11,065.28 | 11,346.79 |
| Camarilla | 10,489.79 | 10,535.66 | 10,581.54 | 10,627.41 | 10,673.29 | 10,719.16 | 10,765.03 |
| Woodie | 9,876.74 | 10,080.02 | 10,377.19 | 10,580.47 | 10,877.64 | 11,080.92 | 11,378.09 |
| Fibonacci | 10,064.38 | 10,255.55 | 10,373.66 | 10,564.83 | 10,756.00 | 10,874.11 | 11,065.28 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.70 | |
| MACD (12,26,9): | 42.6800 | |
| Directional Movement: | -4.03 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 10,645.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,738.84 | |
| Elder Ray (13): | -29.10 | |
| Super Trend (3,10): | 10,458.79 | |
| Zig ZAG (10): | 10,544.99 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 43.52 | |
| TEMA (21): | 10,588.73 | |
| Williams %R (14): | -63.09 | |
| Chande Momentum Oscillator (20): | -161.43 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.24 |
| MA7: | 10,000.88 | |
| MA20: | 10,187.71 | |
| MA50: | 10,420.25 | |
| MA100: | 10,173.09 | |
| MAexp7: | 10,581.01 | |
| MAexp20: | 10,568.26 | |
| MAexp50: | 10,392.39 | |
| MAexp100: | 10,175.07 | |
| Price / MA7: | +5.42% | |
| Price / MA20: | +3.49% | |
| Price / MA50: | +1.18% | |
| Price / MA100: | +3.63% | |
| Price / MAexp7: | -0.36% | |
| Price / MAexp20: | -0.24% | |
| Price / MAexp50: | +1.45% | |
| Price / MAexp100: | +3.61% |
This member declared not having a position on this financial instrument or a related financial instrument.
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