BITCOIN - BTC/USDT - 1H - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 63,997.23 USDT
My targets
66,817.67 USDT (+2.26%)
71,627.11 USDT (+9.62%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 63,997.23 USDT remains possible. It is advisable to trade BITCOIN - BTC/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 63,997.23 USDT. The next bullish objective for buyers is set at 66,817.67 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 71,627.11 USDT. PS: if there is a bearish break in the support located at 63,997.23 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 65,343.93 USDT. On the day, this instrument gained +0.16% and was traded between 65,237.13 USDT and 65,349.74 USDT over the period. The price is currently at +0.16% from its lowest and -0.01% from its highest.65,237.13
65,349.74
65,343.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
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 bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 3 are bullish, 9 are neutral and 6 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 61,798.69 | 63,448.18 | 63,997.23 | 65,343.93 | 66,817.67 | 71,627.11 |
| Change (%) | -5.43% | -2.90% | -2.06% | - | +2.26% | +9.62% |
| Change | -3,545.24 | -1,895.75 | -1,346.70 | - | +1,473.74 | +6,283.18 |
| Level | Minor | Major | Intermediate | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 62,284.43 | 63,446.84 | 64,341.98 | 65,504.39 | 66,399.53 | 67,561.94 | 68,457.08 |
| Camarilla | 64,671.29 | 64,859.90 | 65,048.51 | 65,237.12 | 65,425.73 | 65,614.34 | 65,802.95 |
| Woodie | 62,150.80 | 63,380.02 | 64,208.35 | 65,437.57 | 66,265.90 | 67,495.12 | 68,323.45 |
| Fibonacci | 63,446.84 | 64,232.82 | 64,718.41 | 65,504.39 | 66,290.37 | 66,775.96 | 67,561.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,579.64 | 56,896.80 | 58,862.53 | 62,179.69 | 64,145.42 | 67,462.58 | 69,428.31 |
| Camarilla | 59,375.48 | 59,859.74 | 60,344.01 | 60,828.27 | 61,312.54 | 61,796.80 | 62,281.07 |
| Woodie | 52,903.94 | 56,558.94 | 58,186.83 | 61,841.83 | 63,469.72 | 67,124.72 | 68,752.61 |
| Fibonacci | 56,896.80 | 58,914.86 | 60,161.62 | 62,179.69 | 64,197.75 | 65,444.51 | 67,462.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,106.96 | 50,658.51 | 55,666.88 | 64,218.43 | 69,226.80 | 77,778.35 | 82,786.72 |
| Camarilla | 56,946.28 | 58,189.28 | 59,432.27 | 60,675.26 | 61,918.25 | 63,161.25 | 64,404.24 |
| Woodie | 40,335.38 | 49,772.72 | 53,895.30 | 63,332.64 | 67,455.22 | 76,892.56 | 81,015.14 |
| Fibonacci | 50,658.51 | 55,838.40 | 59,038.54 | 64,218.43 | 69,398.32 | 72,598.46 | 77,778.35 |
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): | 48.54 | |
| MACD (12,26,9): | 60.9200 | |
| Directional Movement: | 3.64 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 65,650.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 65,481.90 | |
| Elder Ray (13): | -179.23 | |
| Super Trend (3,10): | 66,438.06 | |
| Zig ZAG (10): | 65,285.27 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 34.30 | |
| TEMA (21): | 65,225.01 | |
| Williams %R (14): | -66.91 | |
| Chande Momentum Oscillator (20): | -722.08 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.65 |
| MA7: | 63,372.33 | |
| MA20: | 62,511.86 | |
| MA50: | 64,992.58 | |
| MA100: | 62,805.41 | |
| MAexp7: | 65,354.58 | |
| MAexp20: | 65,445.77 | |
| MAexp50: | 64,779.88 | |
| MAexp100: | 63,854.54 | |
| Price / MA7: | +3.11% | |
| Price / MA20: | +4.53% | |
| Price / MA50: | +0.54% | |
| Price / MA100: | +4.04% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.87% | |
| Price / MAexp100: | +2.33% |
Quotes :
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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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