BITCOIN - BTC/USD - 1H - Technical analysis published on 02/14/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 10,196.20 USD
My targets
10,359.30 USD (+0.73%)
10,504.60 USD (+2.14%)
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 10,196.20 USD. The buyers” bullish objective is set at 10,359.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,504.60 USD. If there is any crossing, the next objective would be the resistance located at 10,627.40 USD.
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
6.3
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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 10,284.30 USD. The price has increased by +0.40% since the last closing and was traded between 10,099.70 USD and 10,341.10 USD over the period. The price is currently at +1.83% from its lowest and -0.55% from its highest.10,099.70
10,341.10
10,284.30
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
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 BITCOIN - BTC/USD in 1H shows an overall bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently positioned 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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,875.80 | 10,056.90 | 10,196.20 | 10,284.30 | 10,359.30 | 10,504.60 | 10,627.40 |
| Change (%) | -3.97% | -2.21% | -0.86% | - | +0.73% | +2.14% | +3.34% |
| Change | -408.50 | -227.40 | -88.10 | - | +75.00 | +220.30 | +343.10 |
| Level | Minor | Intermediate | Minor | - | Minor | 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 | 9,623.70 | 9,852.70 | 10,047.80 | 10,276.80 | 10,471.90 | 10,700.90 | 10,896.00 |
| Camarilla | 10,126.27 | 10,165.15 | 10,204.02 | 10,242.90 | 10,281.78 | 10,320.65 | 10,359.53 |
| Woodie | 9,606.75 | 9,844.23 | 10,030.85 | 10,268.33 | 10,454.95 | 10,692.43 | 10,879.05 |
| Fibonacci | 9,852.70 | 10,014.71 | 10,114.79 | 10,276.80 | 10,438.81 | 10,538.89 | 10,700.90 |
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): | 54.65 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 15.61 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 10,227.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,109.26 | |
| Elder Ray (13): | 47.71 | |
| Super Trend (3,10): | 10,073.69 | |
| Zig ZAG (10): | 10,273.60 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 64.08 | |
| TEMA (21): | 10,240.24 | |
| Williams %R (14): | -27.71 | |
| Chande Momentum Oscillator (20): | 53.60 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.34 |
| MA7: | 10,152.53 | |
| MA20: | 9,616.92 | |
| MA50: | 8,662.66 | |
| MA100: | 8,156.90 | |
| MAexp7: | 10,249.41 | |
| MAexp20: | 10,234.49 | |
| MAexp50: | 10,237.19 | |
| MAexp100: | 10,179.06 | |
| Price / MA7: | +1.30% | |
| Price / MA20: | +6.94% | |
| Price / MA50: | +18.72% | |
| Price / MA100: | +26.08% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.46% | |
| Price / MAexp100: | +1.03% |
This member declared not having a position on this financial instrument or a related financial instrument.
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