BITCOIN - BTC/USD - 1H - Technical analysis published on 01/03/2020 (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 7,063.11 USD
My targets
7,432.72 USD (+2.24%)
7,527.43 USD (+3.55%)
My analysis
BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 7,063.11 USD. The next resistance located at 7,432.72 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 7,527.43 USD. After this resistance, buyers could then target 9,516.95 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
7.3
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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 7,269.63 USD. On the day, this instrument gained +4.72% and was between 6,860.57 USD and 7,369.06 USD. This implies that the price is at +5.96% from its lowest and at -1.35% from its highest.6,860.57
7,369.06
7,269.63
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
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 this result:
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 | 6,916.81 | 7,063.11 | 7,234.07 | 7,269.63 | 7,432.72 | 7,527.43 | 9,516.95 |
| Change (%) | -4.85% | -2.84% | -0.49% | - | +2.24% | +3.55% | +30.91% |
| Change | -352.82 | -206.52 | -35.56 | - | +163.09 | +257.80 | +2,247.32 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 6,568.87 | 6,742.84 | 6,842.43 | 7,016.40 | 7,115.99 | 7,289.96 | 7,389.55 |
| Camarilla | 6,866.79 | 6,891.87 | 6,916.94 | 6,942.02 | 6,967.10 | 6,992.17 | 7,017.25 |
| Woodie | 6,531.68 | 6,724.25 | 6,805.24 | 6,997.81 | 7,078.80 | 7,271.37 | 7,352.36 |
| Fibonacci | 6,742.84 | 6,847.34 | 6,911.90 | 7,016.40 | 7,120.90 | 7,185.46 | 7,289.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,389.71 | 6,726.41 | 7,014.06 | 7,350.76 | 7,638.41 | 7,975.11 | 8,262.76 |
| Camarilla | 7,130.01 | 7,187.25 | 7,244.48 | 7,301.71 | 7,358.94 | 7,416.17 | 7,473.41 |
| Woodie | 6,365.19 | 6,714.15 | 6,989.54 | 7,338.50 | 7,613.89 | 7,962.85 | 8,238.24 |
| Fibonacci | 6,726.41 | 6,964.91 | 7,112.26 | 7,350.76 | 7,589.26 | 7,736.61 | 7,975.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,126.10 | 5,779.24 | 6,473.51 | 7,126.65 | 7,820.92 | 8,474.06 | 9,168.33 |
| Camarilla | 6,797.23 | 6,920.75 | 7,044.26 | 7,167.77 | 7,291.28 | 7,414.80 | 7,538.31 |
| Woodie | 5,146.66 | 5,789.52 | 6,494.07 | 7,136.93 | 7,841.48 | 8,484.34 | 9,188.88 |
| Fibonacci | 5,779.24 | 6,293.95 | 6,611.94 | 7,126.65 | 7,641.36 | 7,959.35 | 8,474.06 |
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): | 69.58 | |
| MACD (12,26,9): | 70.7600 | |
| Directional Movement: | 23.37 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 7,245.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,026.97 | |
| Elder Ray (13): | 109.17 | |
| Super Trend (3,10): | 7,145.90 | |
| Zig ZAG (10): | 7,340.56 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 93.57 | |
| TEMA (21): | 7,331.69 | |
| Williams %R (14): | -1.09 | |
| Chande Momentum Oscillator (20): | 481.70 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 10.19 |
| MA7: | 7,219.88 | |
| MA20: | 7,180.05 | |
| MA50: | 7,391.51 | |
| MA100: | 7,968.57 | |
| MAexp7: | 7,298.41 | |
| MAexp20: | 7,173.27 | |
| MAexp50: | 7,140.21 | |
| MAexp100: | 7,164.81 | |
| Price / MA7: | +0.69% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | -1.65% | |
| Price / MA100: | -8.77% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | +1.34% | |
| Price / MAexp50: | +1.81% | |
| Price / MAexp100: | +1.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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