BITCOIN - BTC/USD
BITCOIN - BTC/USD
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Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 09/20/2019 (GMT)

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  • Timeframe : 1H
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  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
22%
22%
56%
My opinion
Bullish above 10,072.40 USD
My targets
10,265.20 USD (+0.95%)
10,375.70 USD (+2.04%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 10,072.40 USD. The buyers” bullish objective is set at 10,265.20 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,375.70 USD. If there is any crossing, the next objective would be the resistance located at 10,605.40 USD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9

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:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 10,168.46 USD. The price registered a decrease of -1.03% on the session and was traded between 10,153.58 USD and 10,308.88 USD over the period. The price is currently at +0.15% from its lowest and -1.36% from its highest.

10,153.58
10,308.88
10,168.46

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:

Technical


Technical analysis of BITCOIN - BTC/USD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 10 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9,595.62 9,816.47 10,072.40 10,168.46 10,265.20 10,375.70 10,605.40
Change (%) -5.63% -3.46% -0.94% - +0.95% +2.04% +4.30%
Change -572.84 -351.99 -96.06 - +96.74 +207.24 +436.94
Level Intermediate Minor Major - Intermediate Intermediate Intermediate



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
Standard9,010.199,302.909,788.6010,081.3110,567.0110,859.7211,345.42
Camarilla10,060.2310,131.5810,202.9410,274.2910,345.6510,417.0010,488.35
Woodie9,106.689,351.159,885.0910,129.5610,663.5010,907.9711,441.91
Fibonacci9,302.909,600.269,783.9610,081.3110,378.6710,562.3710,859.72


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard9,218.899,541.279,950.8310,273.2210,682.7811,005.1711,414.73
Camarilla10,159.1110,226.2110,293.3110,360.4010,427.5010,494.5910,561.69
Woodie9,262.489,563.069,994.4310,295.0110,726.3811,026.9611,458.32
Fibonacci9,541.279,820.879,993.6110,273.2210,552.8210,725.5611,005.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,498.547,410.438,506.4310,418.3211,514.3213,426.2114,522.21
Camarilla8,775.279,050.999,326.729,602.449,878.1610,153.8910,429.61
Woodie5,090.617,206.468,098.5010,214.3511,106.3913,222.2414,114.28
Fibonacci7,410.438,559.449,269.3010,418.3211,567.3312,277.1913,426.21

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): 53.74
MACD (12,26,9): 37.3600
Directional Movement: 4.10
AROON (14): 7.14
DEMA (21): 10,199.49
Parabolic SAR (0,02-0,02-0,2): 10,063.30
Elder Ray (13): 3.48
Super Trend (3,10): 10,061.32
Zig ZAG (10): 10,162.82
VORTEX (21): 1.2200
Stochastique (14,3,5): 32.86
TEMA (21): 10,234.25
Williams %R (14): -78.85
Chande Momentum Oscillator (20): -96.39
Repulse (5,40,3): -0.4900
ROCnROLL: -1
TRIX (15,9): 0.0700
Courbe Coppock: 2.54
MA7: 10,245.31
MA20: 10,310.41
MA50: 10,508.01
MA100: 10,516.48
MAexp7: 10,181.86
MAexp20: 10,150.96
MAexp50: 10,127.11
MAexp100: 10,155.04
Price / MA7: -0.75%
Price / MA20: -1.38%
Price / MA50: -3.23%
Price / MA100: -3.31%
Price / MAexp7: -0.13%
Price / MAexp20: +0.17%
Price / MAexp50: +0.41%
Price / MAexp100: +0.13%

This member declared not having a position on this financial instrument or a related financial instrument.

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