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BITCOIN GOLD - BTG/USD
BITCOIN GOLD - BTG/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTGUSD
ISIN:

BITCOIN GOLD - BTG/USD - 1H - Technical analysis published on 09/04/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 13.14 USD
My targets
13.55 USD (+2.42%)
13.86 USD (+4.76%)
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 GOLD - BTG/USD as long as the price remains well above 13.14 USD. The buyers' bullish objective is set at 13.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.86 USD. If there is any crossing, the next objective would be the resistance located at 14.79 USD.

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
5.2

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Daily Weekly

Additional analysis

Quotes

BITCOIN GOLD - BTG/USD rating 13.23 USD. The price registered an increase of +4.34% on the session with the lowest point at 12.55 USD and the highest point at 13.45 USD. The deviation from the price is +5.42% for the low point and -1.64% for the high point.

12.55
13.45
13.23

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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:

Technical


A technical analysis in 1H of this BITCOIN GOLD - BTG/USD chart shows a bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.44 12.76 13.14 13.23 13.55 13.86 14.79
Change (%) -5.97% -3.55% -0.68% - +2.42% +4.76% +11.79%
Change -0.79 -0.47 -0.09 - +0.32 +0.63 +1.56
Level Intermediate Major Intermediate - Minor Minor Minor



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
Standard11.8412.1212.4012.6812.9613.2413.52
Camarilla12.5312.5812.6312.6812.7312.7812.83
Woodie11.8412.1212.4012.6812.9613.2413.52
Fibonacci12.1212.3312.4712.6812.8913.0313.24


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.5110.1911.4413.1214.3716.0517.30
Camarilla11.8912.1612.4312.7012.9713.2413.51
Woodie8.3110.0811.2413.0114.1715.9417.10
Fibonacci10.1911.3112.0013.1214.2414.9316.05


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1.325.008.8915.2119.1025.4229.31
Camarilla9.9710.9111.8412.7813.7214.6515.59
Woodie-2.544.397.6814.6017.8924.8128.10
Fibonacci5.008.9011.3115.2119.1121.5225.42

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): 69.91
MACD (12,26,9): 0.0500
Directional Movement: 33.15
AROON (14): 0
DEMA (21): 12.83
Parabolic SAR (0,02-0,02-0,2): 12.57
Elder Ray (13): 0.20
Super Trend (3,10): 12.25
Zig ZAG (10): 13.35
VORTEX (21): 0.9900
Stochastique (14,3,5): 36.84
TEMA (21): 12.79
Williams %R (14): -48.89
Chande Momentum Oscillator (20): 0.24
Repulse (5,40,3): 2.8800
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.81
MA7: 13.08
MA20: 13.17
MA50: 14.04
MA100: 13.34
MAexp7: 12.78
MAexp20: 12.77
MAexp50: 12.74
MAexp100: 12.80
Price / MA7: +1.15%
Price / MA20: +0.46%
Price / MA50: -5.77%
Price / MA100: -0.82%
Price / MAexp7: +3.52%
Price / MAexp20: +3.60%
Price / MAexp50: +3.85%
Price / MAexp100: +3.36%

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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Londinia
Londinia AI

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