BITCOIN - BTC/USD - 1H - Technical analysis published on 11/11/2019 (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
72%
6%
22%
My opinion
Bullish above 8,675.10 USD
My targets
9,070.66 USD (+0.41%)
9,250.53 USD (+2.40%)
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 8,675.10 USD. The buyers” bullish objective is set at 9,070.66 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,250.53 USD. If there is any crossing, the next objective would be the resistance located at 9,476.52 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
5.7
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 telwaygas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 9,033.38 USD. The price registered a decrease of -0.07% on the session with the lowest point at 9,027.30 USD and the highest point at 9,068.20 USD. The deviation from the price is +0.07% for the low point and -0.38% for the high point.9,027.30
9,068.20
9,033.38
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
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 several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,432.72 | 8,220.01 | 8,675.10 | 9,033.38 | 9,070.66 | 9,250.53 | 9,476.52 |
| Change (%) | -17.72% | -9.00% | -3.97% | - | +0.41% | +2.40% | +4.91% |
| Change | -1,600.66 | -813.37 | -358.28 | - | +37.28 | +217.15 | +443.14 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
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 | 8,471.87 | 8,612.43 | 8,825.87 | 8,966.43 | 9,179.87 | 9,320.43 | 9,533.87 |
| Camarilla | 8,941.95 | 8,974.40 | 9,006.85 | 9,039.30 | 9,071.75 | 9,104.20 | 9,136.65 |
| Woodie | 8,508.30 | 8,630.65 | 8,862.30 | 8,984.65 | 9,216.30 | 9,338.65 | 9,570.30 |
| Fibonacci | 8,612.43 | 8,747.66 | 8,831.21 | 8,966.43 | 9,101.66 | 9,185.21 | 9,320.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,537.10 | 8,106.10 | 8,459.05 | 9,028.05 | 9,381.00 | 9,950.00 | 10,302.95 |
| Camarilla | 8,558.46 | 8,642.98 | 8,727.49 | 8,812.00 | 8,896.51 | 8,981.02 | 9,065.54 |
| Woodie | 7,429.08 | 8,052.09 | 8,351.03 | 8,974.04 | 9,272.98 | 9,895.99 | 10,194.93 |
| Fibonacci | 8,106.10 | 8,458.28 | 8,675.87 | 9,028.05 | 9,380.24 | 9,597.82 | 9,950.00 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.13 | |
| MACD (12,26,9): | 60.5700 | |
| Directional Movement: | 28.44 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 9,059.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,939.39 | |
| Elder Ray (13): | 27.51 | |
| Super Trend (3,10): | 8,928.01 | |
| Zig ZAG (10): | 9,045.83 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 83.32 | |
| TEMA (21): | 9,095.79 | |
| Williams %R (14): | -21.79 | |
| Chande Momentum Oscillator (20): | 27.58 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 4.17 |
| MA7: | 9,073.49 | |
| MA20: | 9,002.73 | |
| MA50: | 8,561.60 | |
| MA100: | 9,521.49 | |
| MAexp7: | 9,042.10 | |
| MAexp20: | 8,979.34 | |
| MAexp50: | 8,931.80 | |
| MAexp100: | 8,979.86 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | +0.34% | |
| Price / MA50: | +5.51% | |
| Price / MA100: | -5.13% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +1.14% | |
| Price / MAexp100: | +0.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
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