BITCOIN - BTC/USD - 1H - Technical analysis published on 01/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 8,589.45 USD
My targets
8,845.90 USD (+1.11%)
9,516.95 USD (+8.79%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 8,589.45 USD. Crossing the first resistance at 8,845.90 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 9,516.95 USD as an objective. Crossing it would then enable buyers to target 10,614.20 USD. Caution, a return to below 8,589.45 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
7
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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 8,748.38 USD. The price is lower by -0.98% since the last closing and was traded between 8,560.00 USD and 8,898.11 USD over the period. The price is currently at +2.20% from its lowest and -1.68% from its highest.8,560.00
8,898.11
8,748.38
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
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 | 8,046.90 | 8,463.32 | 8,589.45 | 8,748.38 | 8,845.90 | 9,516.95 | 10,614.20 |
| Change (%) | -8.02% | -3.26% | -1.82% | - | +1.11% | +8.79% | +21.33% |
| Change | -701.48 | -285.06 | -158.93 | - | +97.52 | +768.57 | +1,865.82 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,543.34 | 7,823.34 | 8,329.31 | 8,609.31 | 9,115.28 | 9,395.28 | 9,901.25 |
| Camarilla | 8,619.15 | 8,691.20 | 8,763.24 | 8,835.29 | 8,907.34 | 8,979.38 | 9,051.43 |
| Woodie | 7,656.34 | 7,879.83 | 8,442.31 | 8,665.80 | 9,228.28 | 9,451.77 | 10,014.25 |
| Fibonacci | 7,823.34 | 8,123.58 | 8,309.07 | 8,609.31 | 8,909.55 | 9,095.04 | 9,395.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,248.35 | 6,779.55 | 7,400.92 | 7,932.12 | 8,553.49 | 9,084.69 | 9,706.06 |
| Camarilla | 7,705.33 | 7,810.99 | 7,916.64 | 8,022.29 | 8,127.94 | 8,233.60 | 8,339.25 |
| Woodie | 6,293.43 | 6,802.09 | 7,446.01 | 7,954.66 | 8,598.58 | 9,107.23 | 9,751.15 |
| Fibonacci | 6,779.55 | 7,219.83 | 7,491.84 | 7,932.12 | 8,372.40 | 8,644.41 | 9,084.69 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.13 | |
| MACD (12,26,9): | 48.4200 | |
| Directional Movement: | 7.62 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 8,766.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,809.14 | |
| Elder Ray (13): | 34.31 | |
| Super Trend (3,10): | 8,548.22 | |
| Zig ZAG (10): | 8,771.46 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 58.20 | |
| TEMA (21): | 8,729.34 | |
| Williams %R (14): | -37.24 | |
| Chande Momentum Oscillator (20): | -14.40 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 1.47 |
| MA7: | 8,274.38 | |
| MA20: | 7,716.44 | |
| MA50: | 7,457.95 | |
| MA100: | 7,952.75 | |
| MAexp7: | 8,721.14 | |
| MAexp20: | 8,688.12 | |
| MAexp50: | 8,546.78 | |
| MAexp100: | 8,375.83 | |
| Price / MA7: | +5.73% | |
| Price / MA20: | +13.37% | |
| Price / MA50: | +17.30% | |
| Price / MA100: | +10.00% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +2.36% | |
| Price / MAexp100: | +4.45% |
This member declared not having a position on this financial instrument or a related financial instrument.
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