BITCOIN - BTC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 73,621.73 USDT

My targets

76,663.68 USDT (+1.15%)

79,705.62 USDT (+5.17%)

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/USDT as long as the price remains well above 73,621.73 USDT. The buyers' bullish objective is set at 76,663.68 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 79,705.62 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 Jaber300. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 75,789.85 USDT. The price has increased by +9.25% since the last closing with the lowest point at 69,297.18 USDT and the highest point at 76,387.05 USDT. The deviation from the price is +9.37% for the low point and -0.78% for the high point.

69,297.18

76,387.05

75,789.85

A study of price movements over other periods shows the following variations:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	71,634.85	73,074.27	73,621.73	75,789.85
Change (%)	-5.48%	-3.58%	-2.86%	-
Change	-4,155.00	-2,715.58	-2,168.12	-
Level	Intermediate	Major	Intermediate	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64,642.27	66,057.45	67,716.52	69,131.70	70,790.77	72,205.95	73,865.02
Camarilla	68,530.17	68,811.98	69,093.78	69,375.59	69,657.40	69,939.20	70,221.01
Woodie	64,764.22	66,118.42	67,838.47	69,192.67	70,912.72	72,266.92	73,986.97
Fibonacci	66,057.45	67,231.81	67,957.34	69,131.70	70,306.06	71,031.59	72,205.95

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59,636.67	63,284.38	66,326.32	69,974.03	73,015.97	76,663.68	79,705.62
Camarilla	67,528.62	68,141.83	68,755.05	69,368.27	69,981.49	70,594.71	71,207.92
Woodie	59,333.80	63,132.94	66,023.45	69,822.59	72,713.10	76,512.24	79,402.75
Fibonacci	63,284.38	65,839.82	67,418.58	69,974.03	72,529.47	74,108.23	76,663.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,967.17	52,962.74	61,630.58	67,626.15	76,293.99	82,289.56	90,957.40
Camarilla	66,265.97	67,610.12	68,954.26	70,298.41	71,642.56	72,986.70	74,330.85
Woodie	48,303.30	53,630.81	62,966.71	68,294.22	77,630.12	82,957.63	92,293.53
Fibonacci	52,962.74	58,564.17	62,024.73	67,626.15	73,227.58	76,688.14	82,289.56

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):	71.41
MACD (12,26,9):	1,256.4700
Directional Movement:	28.34
AROON (14):	85.72
DEMA (21):	75,697.20
Parabolic SAR (0,02-0,02-0,2):	74,434.59
Elder Ray (13):	1,232.41
Super Trend (3,10):	73,499.81
Zig ZAG (10):	75,724.19
VORTEX (21):	1.3200
Stochastique (14,3,5):	92.08
TEMA (21):	76,011.36
Williams %R (14):	-15.23
Chande Momentum Oscillator (20):	1,986.94
Repulse (5,40,3):	0.7000
ROCnROLL:	1
TRIX (15,9):	0.2500
Courbe Coppock:	4.26

MA7:	70,138.81
MA20:	69,165.43
MA50:	65,715.95
MA100:	62,531.16
MAexp7:	75,271.52
MAexp20:	74,037.38
MAexp50:	72,071.35
MAexp100:	70,860.56
Price / MA7:	+8.06%
Price / MA20:	+9.58%
Price / MA50:	+15.33%
Price / MA100:	+21.20%
Price / MAexp7:	+0.69%
Price / MAexp20:	+2.37%
Price / MAexp50:	+5.16%
Price / MAexp100:	+6.96%

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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