BITCOIN - BTC/USD - 1H - Technical analysis published on 02/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 9,875.40 USD
My targets
10,204.53 USD (+1.23%)
10,627.40 USD (+5.42%)
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 9,875.40 USD. The next resistance located at 10,204.53 USD is the next bullish objective 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 10,627.40 USD. After this resistance, buyers could then target 11,989.00 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.5
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 renodonor. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 10,080.80 USD. On the day, this instrument gained +1.78% and was traded between 9,887.40 USD and 10,180.00 USD over the period. The price is currently at +1.96% from its lowest and -0.97% from its highest.9,887.40
10,180.00
10,080.80
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting 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
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
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 | 9,714.87 | 9,875.40 | 10,056.90 | 10,080.80 | 10,627.40 | 11,989.00 | 12,932.90 |
| Change (%) | -3.63% | -2.04% | -0.24% | - | +5.42% | +18.93% | +28.29% |
| Change | -365.93 | -205.40 | -23.90 | - | +546.60 | +1,908.20 | +2,852.10 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 9,443.53 | 9,550.77 | 9,727.53 | 9,834.77 | 10,011.53 | 10,118.77 | 10,295.53 |
| Camarilla | 9,826.20 | 9,852.23 | 9,878.27 | 9,904.30 | 9,930.33 | 9,956.37 | 9,982.40 |
| Woodie | 9,478.30 | 9,568.15 | 9,762.30 | 9,852.15 | 10,046.30 | 10,136.15 | 10,330.30 |
| Fibonacci | 9,550.77 | 9,659.26 | 9,726.28 | 9,834.77 | 9,943.26 | 10,010.28 | 10,118.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,478.53 | 8,778.77 | 9,341.53 | 9,641.77 | 10,204.53 | 10,504.77 | 11,067.53 |
| Camarilla | 9,666.98 | 9,746.08 | 9,825.19 | 9,904.30 | 9,983.41 | 10,062.52 | 10,141.63 |
| Woodie | 8,609.80 | 8,844.40 | 9,472.80 | 9,707.40 | 10,335.80 | 10,570.40 | 11,198.80 |
| Fibonacci | 8,778.77 | 9,108.43 | 9,312.10 | 9,641.77 | 9,971.43 | 10,175.10 | 10,504.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,903.28 | 5,881.93 | 7,607.71 | 8,586.36 | 10,312.14 | 11,290.79 | 13,016.57 |
| Camarilla | 8,589.78 | 8,837.69 | 9,085.59 | 9,333.50 | 9,581.41 | 9,829.31 | 10,077.22 |
| Woodie | 5,276.86 | 6,068.71 | 7,981.29 | 8,773.14 | 10,685.72 | 11,477.57 | 13,390.15 |
| Fibonacci | 5,881.93 | 6,915.02 | 7,553.26 | 8,586.36 | 9,619.45 | 10,257.70 | 11,290.79 |
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): | 59.51 | |
| MACD (12,26,9): | 51.7900 | |
| Directional Movement: | 0.61 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 10,133.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,146.10 | |
| Elder Ray (13): | -2.23 | |
| Super Trend (3,10): | 9,975.27 | |
| Zig ZAG (10): | 10,088.90 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 39.42 | |
| TEMA (21): | 10,128.76 | |
| Williams %R (14): | -57.00 | |
| Chande Momentum Oscillator (20): | -48.30 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 1.02 |
| MA7: | 9,655.96 | |
| MA20: | 9,190.21 | |
| MA50: | 8,370.75 | |
| MA100: | 8,112.06 | |
| MAexp7: | 10,089.53 | |
| MAexp20: | 10,057.24 | |
| MAexp50: | 9,947.39 | |
| MAexp100: | 9,811.34 | |
| Price / MA7: | +4.40% | |
| Price / MA20: | +9.69% | |
| Price / MA50: | +20.43% | |
| Price / MA100: | +24.27% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +1.34% | |
| Price / MAexp100: | +2.75% |
This member declared not having a position on this financial instrument or a related financial instrument.
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