BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/17/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

72%

28%

My opinion

Bullish above 67,514.20 USDT

My targets

68,820.32 USDT (+0.77%)

69,952.33 USDT (+2.43%)

My analysis

The strong short-term increase of BITCOIN - BTC/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 67,514.20 USDT, a purchase could be considered. The first bullish objective is located at 68,820.32 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 69,952.33 USDT. If there is any crossing, the next objective would be the resistance at 71,331.60 USDT. Caution, if there is a return under 67,514.20 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.4

Comment on the analysis

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 chookich. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 68,292.20 USDT. The price registered an increase of +4.58% on the session with the lowest point at 64,552.64 USDT and the highest point at 68,686.78 USDT. The deviation from the price is +5.79% for the low point and -0.57% for the high point.

64,552.64

68,686.78

68,292.20

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/USDT:

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

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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/USDT indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50,745.69	66,211.53	67,514.20	68,292.20	68,820.32	69,952.33	71,331.60
Change (%)	-25.69%	-3.05%	-1.14%	-	+0.77%	+2.43%	+4.45%
Change	-17,546.51	-2,080.67	-778.00	-	+528.12	+1,660.13	+3,039.40
Level	Intermediate	Minor	Major	-	Intermediate	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58,154.82	61,480.62	63,392.08	66,717.88	68,629.34	71,955.14	73,866.60
Camarilla	63,863.28	64,343.37	64,823.45	65,303.53	65,783.61	66,263.69	66,743.78
Woodie	57,447.64	61,127.04	62,684.90	66,364.30	67,922.16	71,601.56	73,159.42
Fibonacci	61,480.62	63,481.26	64,717.25	66,717.88	68,718.52	69,954.51	71,955.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,212.86	59,009.64	62,156.59	67,953.37	71,100.32	76,897.10	80,044.05
Camarilla	62,844.00	63,663.85	64,483.69	65,303.53	66,123.37	66,943.21	67,763.06
Woodie	51,887.94	58,347.18	60,831.67	67,290.91	69,775.40	76,234.64	78,719.13
Fibonacci	59,009.64	62,426.15	64,536.87	67,953.37	71,369.88	73,480.60	76,897.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,183.22	33,533.95	47,334.75	55,685.48	69,486.28	77,837.01	91,637.81
Camarilla	55,043.89	57,074.45	59,105.00	61,135.56	63,166.12	65,196.67	67,227.23
Woodie	27,908.27	34,896.47	50,059.80	57,048.00	72,211.33	79,199.53	94,362.86
Fibonacci	33,533.95	41,995.83	47,223.59	55,685.48	64,147.36	69,375.12	77,837.01

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):	56.61
MACD (12,26,9):	136.3200
Directional Movement:	3.98
AROON (14):	71.42
DEMA (21):	67,425.95
Parabolic SAR (0,02-0,02-0,2):	65,542.10
Elder Ray (13):	646.98
Super Trend (3,10):	66,061.16
Zig ZAG (10):	68,229.51
VORTEX (21):	1.2200
Stochastique (14,3,5):	90.95
TEMA (21):	68,007.21
Williams %R (14):	-11.54
Chande Momentum Oscillator (20):	2,576.72
Repulse (5,40,3):	0.3700
ROCnROLL:	-1
TRIX (15,9):	-0.0400
Courbe Coppock:	5.58

MA7:	70,130.19
MA20:	66,466.47
MA50:	55,311.73
MA100:	49,087.94
MAexp7:	67,885.60
MAexp20:	67,424.25
MAexp50:	67,964.99
MAexp100:	68,866.01
Price / MA7:	-2.62%
Price / MA20:	+2.75%
Price / MA50:	+23.47%
Price / MA100:	+39.12%
Price / MAexp7:	+0.60%
Price / MAexp20:	+1.29%
Price / MAexp50:	+0.48%
Price / MAexp100:	-0.83%

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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