BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/01/2021 (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:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 48,588.20 USDT
My targets
51,983.20 USDT (+4.86%)
55,034.40 USDT (+11.02%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USDT. This is a positive signal for buyers. As long as the price remains above 48,588.20 USDT, a purchase could be considered. The first bullish objective is located at 51,983.20 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 55,034.40 USDT as an objective. Crossing it would then enable buyers to target 57,411.20 USDT. In the event of a return below 48,588.20 USDT, 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, 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
6.6
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Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 49,572.28 USDT. On the day, this instrument gained +9.78% with the lowest point at 44,961.33 USDT and the highest point at 49,781.08 USDT. The deviation from the price is +10.26% for the low point and -0.42% for the high point.44,961.33
49,781.08
49,572.28
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
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 BITCOIN - BTC/USDT in 1H shows an overall bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 45,165.50 | 47,038.60 | 48,588.20 | 49,572.28 | 51,983.20 | 55,034.40 | 57,411.20 |
| Change (%) | -8.89% | -5.11% | -1.99% | - | +4.86% | +11.02% | +15.81% |
| Change | -4,406.78 | -2,533.68 | -984.08 | - | +2,410.92 | +5,462.12 | +7,838.92 |
| Level | Major | Minor | Minor | - | Intermediate | Intermediate | Major |
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 | 39,720.59 | 41,387.03 | 43,271.02 | 44,937.46 | 46,821.45 | 48,487.89 | 50,371.88 |
| Camarilla | 44,178.65 | 44,504.11 | 44,829.56 | 45,155.02 | 45,480.48 | 45,805.93 | 46,131.39 |
| Woodie | 39,829.38 | 41,441.42 | 43,379.80 | 44,991.85 | 46,930.23 | 48,542.28 | 50,480.66 |
| Fibonacci | 41,387.03 | 42,743.29 | 43,581.19 | 44,937.46 | 46,293.72 | 47,131.62 | 48,487.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,978.95 | 35,067.78 | 40,154.74 | 49,243.57 | 54,330.54 | 63,419.37 | 68,506.34 |
| Camarilla | 41,343.37 | 42,642.82 | 43,942.26 | 45,241.71 | 46,541.16 | 47,840.61 | 49,140.06 |
| Woodie | 23,978.02 | 34,067.31 | 38,153.81 | 48,243.11 | 52,329.61 | 62,418.90 | 66,505.41 |
| Fibonacci | 35,067.78 | 40,482.93 | 43,828.42 | 49,243.57 | 54,658.73 | 58,004.21 | 63,419.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,176.65 | 19,243.28 | 32,199.15 | 45,265.77 | 58,221.64 | 71,288.27 | 84,244.14 |
| Camarilla | 37,998.83 | 40,384.23 | 42,769.63 | 45,155.02 | 47,540.42 | 49,925.81 | 52,311.21 |
| Woodie | 6,121.27 | 19,215.59 | 32,143.77 | 45,238.08 | 58,166.27 | 71,260.58 | 84,188.77 |
| Fibonacci | 19,243.28 | 29,183.87 | 35,325.18 | 45,265.77 | 55,206.37 | 61,347.68 | 71,288.27 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.32 | |
| MACD (12,26,9): | 818.1800 | |
| Directional Movement: | 17.30 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 48,859.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 47,937.81 | |
| Elder Ray (13): | 696.39 | |
| Super Trend (3,10): | 46,818.62 | |
| Zig ZAG (10): | 49,049.76 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 81.08 | |
| TEMA (21): | 49,285.18 | |
| Williams %R (14): | -16.41 | |
| Chande Momentum Oscillator (20): | 1,377.38 | |
| Repulse (5,40,3): | 1.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2600 | |
| Courbe Coppock: | 8.18 |
| MA7: | 47,365.29 | |
| MA20: | 49,562.22 | |
| MA50: | 41,294.44 | |
| MA100: | 32,659.52 | |
| MAexp7: | 48,811.09 | |
| MAexp20: | 47,795.75 | |
| MAexp50: | 46,941.36 | |
| MAexp100: | 47,227.14 | |
| Price / MA7: | +4.66% | |
| Price / MA20: | +0.02% | |
| Price / MA50: | +20.05% | |
| Price / MA100: | +51.79% | |
| Price / MAexp7: | +1.56% | |
| Price / MAexp20: | +3.72% | |
| Price / MAexp50: | +5.60% | |
| Price / MAexp100: | +4.97% |
Quotes :
2021-03-01 23:28:05
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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