BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/22/2024 (GMT)

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

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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

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 MUHOZA. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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

Central Records

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:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
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
Standard90,315.7592,174.9595,247.1997,106.39100,178.63102,037.83105,110.07
Camarilla96,963.2797,415.3297,867.3798,319.4298,771.4799,223.5299,675.57
Woodie90,922.2692,478.2195,853.7097,409.65100,785.14102,341.09105,716.58
Fibonacci92,174.9594,058.7695,222.5897,106.3998,990.20100,154.02102,037.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63,648.4670,105.8580,330.5686,787.9597,012.66103,470.05113,694.76
Camarilla85,967.6887,496.8889,026.0790,555.2692,084.4593,613.6595,142.84
Woodie65,532.1171,047.6882,214.2187,729.7898,896.31104,411.88115,578.41
Fibonacci70,105.8576,478.4280,415.3986,787.9593,160.5297,097.49103,470.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46,967.1752,962.7461,630.5867,626.1576,293.9982,289.5690,957.40
Camarilla66,265.9767,610.1268,954.2670,298.4171,642.5672,986.7074,330.85
Woodie48,303.3053,630.8162,966.7168,294.2277,630.1282,957.6392,293.53
Fibonacci52,962.7458,564.1762,024.7367,626.1573,227.5876,688.1482,289.56

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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