BITCOIN - BTC/USD - 1H - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 10,489.00 USD
My targets
10,645.30 USD (+0.89%)
10,783.80 USD (+2.20%)
My analysis
The basic trend is bullish on Bitcoin - BTC/USD and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 10,489.00 USD. Sellers would then use the next support located at 10,281.80 USD as an objective. Crossing it would then enable sellers to target 9,700.97 USD. If there is a return to above the resistance located at 10,645.30 USD, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 10,783.80 USD and 11,504.60 USD by extension.
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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 10,551.78 USD. The price is lower by -0.31% since the last closing and was traded between 10,502.82 USD and 10,651.98 USD over the period. The price is currently at +0.47% from its lowest and -0.94% from its highest.10,502.82
10,651.98
10,551.78
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this Bitcoin - BTC/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
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 | 10,281.80 | 10,489.00 | 10,551.78 | 10,645.30 | 10,783.80 | 11,504.60 |
| Change (%) | -8.06% | -2.56% | -0.59% | - | +0.89% | +2.20% | +9.03% |
| Change | -850.81 | -269.98 | -62.78 | - | +93.52 | +232.02 | +952.82 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Major |
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 | 9,918.47 | 10,150.09 | 10,367.18 | 10,598.80 | 10,815.89 | 11,047.51 | 11,264.60 |
| Camarilla | 10,460.89 | 10,502.02 | 10,543.15 | 10,584.28 | 10,625.41 | 10,666.54 | 10,707.68 |
| Woodie | 9,911.22 | 10,146.46 | 10,359.93 | 10,595.17 | 10,808.64 | 11,043.88 | 11,257.35 |
| Fibonacci | 10,150.09 | 10,321.49 | 10,427.39 | 10,598.80 | 10,770.20 | 10,876.10 | 11,047.51 |
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): | 48.09 | |
| MACD (12,26,9): | 10.5200 | |
| Directional Movement: | 6.46 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 10,586.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,775.56 | |
| Elder Ray (13): | 10.56 | |
| Super Trend (3,10): | 10,397.07 | |
| Zig ZAG (10): | 10,538.75 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 24.55 | |
| TEMA (21): | 10,557.56 | |
| Williams %R (14): | -86.03 | |
| Chande Momentum Oscillator (20): | -164.67 | |
| Repulse (5,40,3): | -0.3700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.42 |
| MA7: | 10,158.91 | |
| MA20: | 10,198.58 | |
| MA50: | 10,437.62 | |
| MA100: | 10,191.69 | |
| MAexp7: | 10,578.17 | |
| MAexp20: | 10,568.75 | |
| MAexp50: | 10,491.82 | |
| MAexp100: | 10,310.79 | |
| Price / MA7: | +3.87% | |
| Price / MA20: | +3.46% | |
| Price / MA50: | +1.09% | |
| Price / MA100: | +3.53% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +2.34% |
This member declared not having a position on this financial instrument or a related financial instrument.
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