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BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 08/06/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 39,961.40 USDT
My targets
41,046.10 USDT (+0.66%)
41,493.50 USDT (+1.76%)
My analysis
BITCOIN - BTC/USDT 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 39,961.40 USDT. The next resistance located at 41,046.10 USDT 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 41,493.50 USDT. After this resistance, buyers could then target 41,952.60 USDT. 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, 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
7.9

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.

insight
This analysis was given by insight. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 40,777.35 USDT. The price is lower by -0.21% since the last closing with the lowest point at 39,893.78 USDT and the highest point at 41,188.65 USDT. The deviation from the price is +2.21% for the low point and -1.00% for the high point.

39,893.78
41,188.65
40,777.35

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.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 50 days

Technical


A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 39,269.70 39,961.40 40,537.80 40,777.35 41,046.10 41,493.50 41,952.60
Change (%) -3.70% -2.00% -0.59% - +0.66% +1.76% +2.88%
Change -1,507.65 -815.95 -239.55 - +268.75 +716.15 +1,175.25
Level Minor Intermediate Major - Minor Minor Minor



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
Standard34,460.4035,934.9038,398.0039,872.5042,335.6043,810.1046,273.20
Camarilla39,778.2640,139.2140,500.1540,861.1041,222.0541,582.9941,943.94
Woodie34,954.7036,182.0538,892.3040,119.6542,829.9044,057.2546,767.50
Fibonacci35,934.9037,439.0638,368.3439,872.5041,376.6642,305.9443,810.10


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27,676.7330,768.1736,094.0339,185.4744,511.3347,602.7752,928.63
Camarilla39,105.1439,876.7340,648.3141,419.9042,191.4942,963.0743,734.66
Woodie28,793.9531,326.7837,211.2539,744.0845,628.5548,161.3854,045.85
Fibonacci30,768.1733,983.5835,970.0639,185.4742,400.8844,387.3647,602.77


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20,081.2324,691.7733,055.8337,666.3746,030.4350,640.9759,005.03
Camarilla37,851.8939,041.2240,230.5641,419.9042,609.2443,798.5844,987.92
Woodie21,958.0025,630.1534,932.6038,604.7547,907.2051,579.3560,881.80
Fibonacci24,691.7729,648.0632,710.0737,666.3742,622.6645,684.6750,640.97

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): 57.26
MACD (12,26,9): 330.1200
Directional Movement: 8.92
AROON (14): 14.28
DEMA (21): 40,862.45
Parabolic SAR (0,02-0,02-0,2): 41,130.13
Elder Ray (13): 150.83
Super Trend (3,10): 39,323.21
Zig ZAG (10): 40,719.91
VORTEX (21): 1.1800
Stochastique (14,3,5): 61.70
TEMA (21): 40,910.28
Williams %R (14): -31.35
Chande Momentum Oscillator (20): 191.54
Repulse (5,40,3): 0.2600
ROCnROLL: 1
TRIX (15,9): 0.1400
Courbe Coppock: 0.32
MA7: 40,010.55
MA20: 36,945.42
MA50: 34,981.65
MA100: 39,299.44
MAexp7: 40,658.84
MAexp20: 40,389.62
MAexp50: 39,850.39
MAexp100: 39,652.12
Price / MA7: +1.92%
Price / MA20: +10.37%
Price / MA50: +16.57%
Price / MA100: +3.76%
Price / MAexp7: +0.29%
Price / MAexp20: +0.96%
Price / MAexp50: +2.33%
Price / MAexp100: +2.84%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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