BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/19/2024 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above
My targets
()
()
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 . The next resistance located at 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 . After this resistance, buyers could then target . 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.
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
0
10
8.6
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This analysis was given by MUHOZA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 93,571.52 USDT. On the day, this instrument gained +3.44% with the lowest point at 90,362.16 USDT and the highest point at 93,904.03 USDT. The deviation from the price is +3.55% for the low point and -0.35% for the high point.90,362.16
93,904.03
93,571.52
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 89,872.95 | 91,831.07 | 93,245.35 | 93,571.52 |
| Change (%) | -3.95% | -1.86% | -0.35% | - |
| Change | -3,698.57 | -1,740.45 | -326.17 | - |
| Level | Major | Intermediate | 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 | 85,463.40 | 87,319.44 | 88,891.54 | 90,747.58 | 92,319.68 | 94,175.72 | 95,747.82 |
| Camarilla | 89,520.90 | 89,835.15 | 90,149.39 | 90,463.64 | 90,777.89 | 91,092.13 | 91,406.38 |
| Woodie | 85,321.43 | 87,248.46 | 88,749.57 | 90,676.60 | 92,177.71 | 94,104.74 | 95,605.85 |
| Fibonacci | 87,319.44 | 88,628.99 | 89,438.03 | 90,747.58 | 92,057.13 | 92,866.17 | 94,175.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 63,648.46 | 70,105.85 | 80,330.56 | 86,787.95 | 97,012.66 | 103,470.05 | 113,694.76 |
| Camarilla | 85,967.68 | 87,496.88 | 89,026.07 | 90,555.26 | 92,084.45 | 93,613.65 | 95,142.84 |
| Woodie | 65,532.11 | 71,047.68 | 82,214.21 | 87,729.78 | 98,896.31 | 104,411.88 | 115,578.41 |
| Fibonacci | 70,105.85 | 76,478.42 | 80,415.39 | 86,787.95 | 93,160.52 | 97,097.49 | 103,470.05 |
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): | 61.52 | |
| MACD (12,26,9): | 513.7900 | |
| Directional Movement: | 11.63 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 92,717.84 | |
| Parabolic SAR (0,02-0,02-0,2): | 91,131.83 | |
| Elder Ray (13): | 1,006.57 | |
| Super Trend (3,10): | 90,971.20 | |
| Zig ZAG (10): | 93,571.72 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 91.15 | |
| TEMA (21): | 93,143.57 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 2,258.12 | |
| Repulse (5,40,3): | 1.8000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.85 |
| MA7: | 90,480.08 | |
| MA20: | 80,499.05 | |
| MA50: | 71,470.63 | |
| MA100: | 65,880.98 | |
| MAexp7: | 92,887.39 | |
| MAexp20: | 92,077.78 | |
| MAexp50: | 91,457.60 | |
| MAexp100: | 90,666.18 | |
| Price / MA7: | +3.42% | |
| Price / MA20: | +16.24% | |
| Price / MA50: | +30.92% | |
| Price / MA100: | +42.03% | |
| Price / MAexp7: | +0.74% | |
| Price / MAexp20: | +1.62% | |
| Price / MAexp50: | +2.31% | |
| Price / MAexp100: | +3.20% |
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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