BITCOIN - BTC/USD - 1H - Technical analysis published on 02/11/2020 (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
89%
6%
6%
My opinion
Bullish above 10,020.00 USD
My targets
10,627.40 USD (+4.30%)
11,067.53 USD (+8.61%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USD. This is a positive signal for buyers. As long as the price remains above 10,020.00 USD, a purchase could be considered. The first bullish objective is located at 10,627.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11,067.53 USD as an objective. Crossing it would then enable buyers to target 11,989.00 USD. In the event of a return below 10,020.00 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
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
BITCOIN - BTC/USD rating 10,189.70 USD. On the day, this instrument gained +3.45% with the lowest point at 9,709.30 USD and the highest point at 10,207.60 USD. The deviation from the price is +4.95% for the low point and -0.18% for the high point.9,709.30
10,207.60
10,189.70
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9,761.32 | 9,874.72 | 10,020.00 | 10,189.70 | 10,196.20 | 10,627.40 | 11,989.00 |
| Change (%) | -4.20% | -3.09% | -1.67% | - | +0.06% | +4.30% | +17.66% |
| Change | -428.38 | -314.98 | -169.70 | - | +6.50 | +437.70 | +1,799.30 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Minor | Intermediate |
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 | 9,233.40 | 9,496.70 | 9,673.40 | 9,936.70 | 10,113.40 | 10,376.70 | 10,553.40 |
| Camarilla | 9,729.10 | 9,769.43 | 9,809.77 | 9,850.10 | 9,890.43 | 9,930.77 | 9,971.10 |
| Woodie | 9,190.10 | 9,475.05 | 9,630.10 | 9,915.05 | 10,070.10 | 10,355.05 | 10,510.10 |
| Fibonacci | 9,496.70 | 9,664.78 | 9,768.62 | 9,936.70 | 10,104.78 | 10,208.62 | 10,376.70 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.10 | |
| MACD (12,26,9): | 7.0400 | |
| Directional Movement: | 18.41 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 9,830.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,728.41 | |
| Elder Ray (13): | 115.12 | |
| Super Trend (3,10): | 9,746.22 | |
| Zig ZAG (10): | 10,056.10 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 84.11 | |
| TEMA (21): | 9,878.41 | |
| Williams %R (14): | -4.01 | |
| Chande Momentum Oscillator (20): | 341.40 | |
| Repulse (5,40,3): | 3.1100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.43 |
| MA7: | 9,880.20 | |
| MA20: | 9,326.16 | |
| MA50: | 8,476.30 | |
| MA100: | 8,127.98 | |
| MAexp7: | 9,892.40 | |
| MAexp20: | 9,841.31 | |
| MAexp50: | 9,868.21 | |
| MAexp100: | 9,846.55 | |
| Price / MA7: | +3.13% | |
| Price / MA20: | +9.26% | |
| Price / MA50: | +20.21% | |
| Price / MA100: | +25.37% | |
| Price / MAexp7: | +3.01% | |
| Price / MAexp20: | +3.54% | |
| Price / MAexp50: | +3.26% | |
| Price / MAexp100: | +3.48% |
This member declared not having a position on this financial instrument or a related financial instrument.
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