BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/22/2024 (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

44%

28%

My opinion

Bullish above 95,608.56 USDT

My targets

103,470.05 USDT (+4.74%)

113,694.76 USDT (+15.09%)

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 95,608.56 USDT. The next resistance located at 103,470.05 USDT 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 113,694.76 USDT. 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.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

6.6

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

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 98,789.12 USDT. On the day, this instrument gained +0.48% with the lowest point at 97,142.47 USDT and the highest point at 99,592.46 USDT. The deviation from the price is +1.70% for the low point and -0.81% for the high point.

97,142.47

99,592.46

98,789.12

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 5 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	88,719.97	91,038.51	95,608.56	98,789.12	98,965.60
Change (%)	-10.19%	-7.85%	-3.22%	-	+0.18%
Change	-10,069.15	-7,750.61	-3,180.56	-	+176.48
Level	Minor	Intermediate	Minor	-	Intermediate

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

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.18
MACD (12,26,9):	371.1200
Directional Movement:	5.71
AROON (14):	35.71
DEMA (21):	99,175.11
Parabolic SAR (0,02-0,02-0,2):	97,499.60
Elder Ray (13):	298.31
Super Trend (3,10):	97,210.75
Zig ZAG (10):	98,877.52
VORTEX (21):	1.0700
Stochastique (14,3,5):	80.10
TEMA (21):	98,966.36
Williams %R (14):	-29.29
Chande Momentum Oscillator (20):	482.83
Repulse (5,40,3):	-0.2200
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.28

MA7:	93,525.57
MA20:	84,549.08
MA50:	73,631.06
MA100:	66,999.34
MAexp7:	98,953.82
MAexp20:	98,643.70
MAexp50:	97,528.56
MAexp100:	95,762.71
Price / MA7:	+5.63%
Price / MA20:	+16.84%
Price / MA50:	+34.17%
Price / MA100:	+47.45%
Price / MAexp7:	-0.17%
Price / MAexp20:	+0.15%
Price / MAexp50:	+1.29%
Price / MAexp100:	+3.16%

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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