BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 95,608.56 USDT
My targets
103,470.05 USDT (+4.54%)
113,694.76 USDT (+14.87%)
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 95,608.56 USDT. The buyers' bullish objective is set at 103,470.05 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113,694.76 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by MUHOZA. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 98,978.68 USDT. The price has increased by +0.67% since the last closing with the lowest point at 97,142.47 USDT and the highest point at 99,413.78 USDT. The deviation from the price is +1.89% for the low point and -0.44% for the high point.97,142.47
99,413.78
98,978.68
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
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. 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.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 91,038.51 | 95,608.56 | 98,965.60 | 98,978.68 |
| Change (%) | -8.02% | -3.40% | -0.01% | - |
| Change | -7,940.17 | -3,370.12 | -13.08 | - |
| Level | Intermediate | Minor | Intermediate | - |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 90,315.75 | 92,174.95 | 95,247.19 | 97,106.39 | 100,178.63 | 102,037.83 | 105,110.07 |
| Camarilla | 96,963.27 | 97,415.32 | 97,867.37 | 98,319.42 | 98,771.47 | 99,223.52 | 99,675.57 |
| Woodie | 90,922.26 | 92,478.21 | 95,853.70 | 97,409.65 | 100,785.14 | 102,341.09 | 105,716.58 |
| Fibonacci | 92,174.95 | 94,058.76 | 95,222.58 | 97,106.39 | 98,990.20 | 100,154.02 | 102,037.83 |
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): | 58.88 | |
| MACD (12,26,9): | 350.4600 | |
| Directional Movement: | 4.87 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 98,970.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 97,185.13 | |
| Elder Ray (13): | 403.66 | |
| Super Trend (3,10): | 97,210.75 | |
| Zig ZAG (10): | 99,084.47 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 78.41 | |
| TEMA (21): | 98,676.75 | |
| Williams %R (14): | -12.71 | |
| Chande Momentum Oscillator (20): | 124.38 | |
| Repulse (5,40,3): | 0.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.09 |
| MA7: | 93,540.97 | |
| MA20: | 84,555.14 | |
| MA50: | 73,632.81 | |
| MA100: | 67,000.15 | |
| MAexp7: | 98,646.77 | |
| MAexp20: | 98,407.01 | |
| MAexp50: | 97,250.71 | |
| MAexp100: | 95,484.56 | |
| Price / MA7: | +5.81% | |
| Price / MA20: | +17.06% | |
| Price / MA50: | +34.42% | |
| Price / MA100: | +47.73% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +0.58% | |
| Price / MAexp50: | +1.78% | |
| Price / MAexp100: | +3.66% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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