BITCOIN - BTC/USD - 1H - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 9,246.31 USD
My targets
9,476.52 USD (+1.81%)
9,945.31 USD (+6.85%)
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 9,246.31 USD. The buyers” bullish objective is set at 9,476.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,945.31 USD. If there is any crossing, the next objective would be the resistance located at 10,594.50 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.3
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This analysis was given by MK. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 9,307.78 USD. The price registered a decrease of -1.12% on the session with the lowest point at 9,181.27 USD and the highest point at 9,481.60 USD. The deviation from the price is +1.38% for the low point and -1.83% for the high point.9,181.27
9,481.60
9,307.78
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bullish trend. The signals returned by the moving averages are 67.86% 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,951.00 | 9,072.99 | 9,246.31 | 9,307.78 | 9,476.52 | 9,945.31 | 10,594.50 |
| Change (%) | -3.83% | -2.52% | -0.66% | - | +1.81% | +6.85% | +13.82% |
| Change | -356.78 | -234.79 | -61.47 | - | +168.74 | +637.53 | +1,286.72 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
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 | 9,048.43 | 9,087.12 | 9,141.04 | 9,179.73 | 9,233.65 | 9,272.34 | 9,326.26 |
| Camarilla | 9,169.48 | 9,177.97 | 9,186.46 | 9,194.95 | 9,203.44 | 9,211.93 | 9,220.42 |
| Woodie | 9,056.04 | 9,090.93 | 9,148.65 | 9,183.54 | 9,241.26 | 9,276.15 | 9,333.86 |
| Fibonacci | 9,087.12 | 9,122.50 | 9,144.36 | 9,179.73 | 9,215.11 | 9,236.97 | 9,272.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,862.49 | 8,406.75 | 8,856.80 | 9,401.06 | 9,851.11 | 10,395.37 | 10,845.42 |
| Camarilla | 9,033.43 | 9,124.57 | 9,215.72 | 9,306.86 | 9,398.01 | 9,489.15 | 9,580.30 |
| Woodie | 7,815.40 | 8,383.20 | 8,809.71 | 9,377.51 | 9,804.02 | 10,371.82 | 10,798.33 |
| Fibonacci | 8,406.75 | 8,786.57 | 9,021.23 | 9,401.06 | 9,780.88 | 10,015.54 | 10,395.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,216.82 | 5,757.51 | 7,454.83 | 8,995.52 | 10,692.84 | 12,233.53 | 13,930.86 |
| Camarilla | 8,261.71 | 8,558.53 | 8,855.34 | 9,152.16 | 9,448.98 | 9,745.80 | 10,042.61 |
| Woodie | 4,295.15 | 5,796.67 | 7,533.16 | 9,034.68 | 10,771.17 | 12,272.69 | 14,009.18 |
| Fibonacci | 5,757.51 | 6,994.43 | 7,758.60 | 8,995.52 | 10,232.44 | 10,996.61 | 12,233.53 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.10 | |
| MACD (12,26,9): | 24.0200 | |
| Directional Movement: | 16.55 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 9,252.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,196.88 | |
| Elder Ray (13): | 54.22 | |
| Super Trend (3,10): | 9,170.08 | |
| Zig ZAG (10): | 9,305.06 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 82.80 | |
| TEMA (21): | 9,284.63 | |
| Williams %R (14): | -15.45 | |
| Chande Momentum Oscillator (20): | 153.91 | |
| Repulse (5,40,3): | 0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.30 |
| MA7: | 9,227.67 | |
| MA20: | 8,705.00 | |
| MA50: | 8,688.86 | |
| MA100: | 9,586.42 | |
| MAexp7: | 9,267.02 | |
| MAexp20: | 9,233.56 | |
| MAexp50: | 9,225.48 | |
| MAexp100: | 9,214.56 | |
| Price / MA7: | +0.87% | |
| Price / MA20: | +6.92% | |
| Price / MA50: | +7.12% | |
| Price / MA100: | -2.91% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +0.80% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | +1.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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