BITCOIN - BTC/EUR - 1H - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 61,618.19 EUR
My targets
62,804.48 EUR (+1.30%)
66,755.98 EUR (+7.67%)
My analysis
BITCOIN - BTC/EUR 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 61,618.19 EUR. The next resistance located at 62,804.48 EUR 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 66,755.98 EUR. 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
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 OzO. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/EUR rating is 62,001.26 EUR. On the day, this instrument gained +2.26% with the lowest point at 60,567.18 EUR and the highest point at 62,137.97 EUR. The deviation from the price is +2.37% for the low point and -0.22% for the high point.60,567.18
62,137.97
62,001.26
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/EUR:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/EUR indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% 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, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 60,274.77 | 61,183.65 | 61,618.19 | 62,001.26 | 62,119.96 | 62,804.48 | 66,755.98 |
| Change (%) | -2.78% | -1.32% | -0.62% | - | +0.19% | +1.30% | +7.67% |
| Change | -1,726.49 | -817.61 | -383.07 | - | +118.70 | +803.22 | +4,754.72 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56,654.82 | 57,588.60 | 59,111.38 | 60,045.16 | 61,567.94 | 62,501.72 | 64,024.50 |
| Camarilla | 59,958.60 | 60,183.78 | 60,408.97 | 60,634.15 | 60,859.34 | 61,084.52 | 61,309.70 |
| Woodie | 56,949.31 | 57,735.85 | 59,405.87 | 60,192.41 | 61,862.43 | 62,648.97 | 64,318.99 |
| Fibonacci | 57,588.60 | 58,527.01 | 59,106.76 | 60,045.16 | 60,983.57 | 61,563.32 | 62,501.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48,726.56 | 51,493.57 | 56,606.64 | 59,373.65 | 64,486.72 | 67,253.73 | 72,366.80 |
| Camarilla | 59,552.70 | 60,275.04 | 60,997.38 | 61,719.72 | 62,442.06 | 63,164.40 | 63,886.74 |
| Woodie | 49,899.60 | 52,080.09 | 57,779.68 | 59,960.17 | 65,659.76 | 67,840.25 | 73,539.84 |
| Fibonacci | 51,493.57 | 54,503.76 | 56,363.46 | 59,373.65 | 62,383.84 | 64,243.54 | 67,253.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41,392.90 | 47,944.45 | 53,169.25 | 59,720.80 | 64,945.60 | 71,497.15 | 76,721.95 |
| Camarilla | 55,155.56 | 56,235.06 | 57,314.56 | 58,394.06 | 59,473.56 | 60,553.06 | 61,632.56 |
| Woodie | 40,729.54 | 47,612.76 | 52,505.89 | 59,389.11 | 64,282.24 | 71,165.46 | 76,058.59 |
| Fibonacci | 47,944.45 | 52,443.01 | 55,222.23 | 59,720.80 | 64,219.36 | 66,998.58 | 71,497.15 |
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): | 72.13 | |
| MACD (12,26,9): | 522.1700 | |
| Directional Movement: | 22.18 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 61,691.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 61,660.34 | |
| Elder Ray (13): | 521.89 | |
| Super Trend (3,10): | 60,827.78 | |
| Zig ZAG (10): | 62,016.06 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 89.15 | |
| TEMA (21): | 62,156.09 | |
| Williams %R (14): | -6.52 | |
| Chande Momentum Oscillator (20): | 1,474.55 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 6.06 |
| MA7: | 61,435.70 | |
| MA20: | 57,731.94 | |
| MA50: | 58,784.80 | |
| MA100: | 59,743.62 | |
| MAexp7: | 61,718.45 | |
| MAexp20: | 61,080.24 | |
| MAexp50: | 60,708.74 | |
| MAexp100: | 60,747.50 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +7.40% | |
| Price / MA50: | +5.47% | |
| Price / MA100: | +3.78% | |
| Price / MAexp7: | +0.46% | |
| Price / MAexp20: | +1.51% | |
| Price / MAexp50: | +2.13% | |
| Price / MAexp100: | +2.06% |
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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