BITCOIN - BTC/USD - 1H - Technical analysis published on 12/05/2019 (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:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 7,241.22 USD
My targets
7,668.32 USD (+3.74%)
7,780.94 USD (+5.26%)
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 7,241.22 USD. The buyers” bullish objective is set at 7,668.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,780.94 USD. If there is any crossing, the next objective would be the resistance located at 9,501.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8
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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 price is 7,392.17 USD. On the day, this instrument gained +2.77% and was between 7,175.75 USD and 7,488.80 USD. This implies that the price is at +3.02% from its lowest and at -1.29% from its highest.7,175.75
7,488.80
7,392.17
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 support is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,086.87 | 7,163.50 | 7,241.22 | 7,392.17 | 7,420.15 | 7,668.32 | 7,780.94 |
| Change (%) | -4.13% | -3.09% | -2.04% | - | +0.38% | +3.74% | +5.26% |
| Change | -305.30 | -228.67 | -150.95 | - | +27.98 | +276.15 | +388.77 |
| Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,233.48 | 6,660.17 | 6,926.41 | 7,353.10 | 7,619.34 | 8,046.03 | 8,312.27 |
| Camarilla | 7,002.08 | 7,065.60 | 7,129.12 | 7,192.64 | 7,256.16 | 7,319.68 | 7,383.20 |
| Woodie | 6,153.25 | 6,620.06 | 6,846.18 | 7,312.99 | 7,539.11 | 8,005.92 | 8,232.03 |
| Fibonacci | 6,660.17 | 6,924.87 | 7,088.40 | 7,353.10 | 7,617.80 | 7,781.33 | 8,046.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,437.58 | 5,981.93 | 6,770.41 | 7,314.76 | 8,103.24 | 8,647.59 | 9,436.07 |
| Camarilla | 7,192.37 | 7,314.55 | 7,436.72 | 7,558.90 | 7,681.08 | 7,803.25 | 7,925.43 |
| Woodie | 5,559.66 | 6,042.96 | 6,892.49 | 7,375.79 | 8,225.32 | 8,708.62 | 9,558.15 |
| Fibonacci | 5,981.93 | 6,491.07 | 6,805.62 | 7,314.76 | 7,823.90 | 8,138.45 | 8,647.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,120.32 | 4,823.29 | 6,191.10 | 7,894.07 | 9,261.88 | 10,964.85 | 12,332.66 |
| Camarilla | 6,714.44 | 6,995.92 | 7,277.41 | 7,558.90 | 7,840.39 | 8,121.88 | 8,403.36 |
| Woodie | 2,952.73 | 4,739.50 | 6,023.51 | 7,810.28 | 9,094.29 | 10,881.06 | 12,165.07 |
| Fibonacci | 4,823.29 | 5,996.33 | 6,721.04 | 7,894.07 | 9,067.11 | 9,791.82 | 10,964.85 |
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): | 58.25 | |
| MACD (12,26,9): | 24.3600 | |
| Directional Movement: | 10.70 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 7,364.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,549.86 | |
| Elder Ray (13): | 34.72 | |
| Super Trend (3,10): | 7,201.06 | |
| Zig ZAG (10): | 7,389.17 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 56.24 | |
| TEMA (21): | 7,379.63 | |
| Williams %R (14): | -42.00 | |
| Chande Momentum Oscillator (20): | 89.36 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 3.16 |
| MA7: | 7,414.16 | |
| MA20: | 7,583.24 | |
| MA50: | 8,290.10 | |
| MA100: | 8,786.68 | |
| MAexp7: | 7,361.31 | |
| MAexp20: | 7,343.20 | |
| MAexp50: | 7,320.31 | |
| MAexp100: | 7,328.06 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -2.52% | |
| Price / MA50: | -10.83% | |
| Price / MA100: | -15.87% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.98% | |
| Price / MAexp100: | +0.87% |
This member declared not having a position on this financial instrument or a related financial instrument.
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