BITCOIN - BTC/USD - 1H - Technical analysis published on 02/04/2022 (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:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 37,509.20 USD
My targets
38,731.30 USD (+2.15%)
39,266.80 USD (+3.56%)
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/USD as long as the price remains well above 37,509.20 USD. The buyers' bullish objective is set at 38,731.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39,266.80 USD. If there is any crossing, the next objective would be the resistance located at 40,643.20 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
6.1
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This analysis was given by baltbach. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 37,916.26 USD. On the day, this instrument gained +1.65% and was traded between 37,065.68 USD and 38,234.77 USD over the period. The price is currently at +2.29% from its lowest and -0.83% from its highest.37,065.68
38,234.77
37,916.26
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 36,680.30 | 37,111.10 | 37,509.20 | 37,916.26 | 38,030.90 | 38,731.30 | 39,266.80 |
| Change (%) | -3.26% | -2.12% | -1.07% | - | +0.30% | +2.15% | +3.56% |
| Change | -1,235.96 | -805.16 | -407.06 | - | +114.64 | +815.04 | +1,350.54 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 35,518.65 | 35,896.94 | 36,598.84 | 36,977.13 | 37,679.03 | 38,057.32 | 38,759.22 |
| Camarilla | 37,003.68 | 37,102.70 | 37,201.71 | 37,300.73 | 37,399.75 | 37,498.77 | 37,597.78 |
| Woodie | 35,680.45 | 35,977.84 | 36,760.64 | 37,058.03 | 37,840.83 | 38,138.22 | 38,921.02 |
| Fibonacci | 35,896.94 | 36,309.58 | 36,564.50 | 36,977.13 | 37,389.77 | 37,644.69 | 38,057.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28,555.03 | 30,769.06 | 34,471.83 | 36,685.86 | 40,388.63 | 42,602.66 | 46,305.43 |
| Camarilla | 36,547.47 | 37,089.84 | 37,632.22 | 38,174.59 | 38,716.96 | 39,259.34 | 39,801.71 |
| Woodie | 29,299.39 | 31,141.25 | 35,216.19 | 37,058.05 | 41,132.99 | 42,974.85 | 47,049.79 |
| Fibonacci | 30,769.06 | 33,029.28 | 34,425.65 | 36,685.86 | 38,946.08 | 40,342.45 | 42,602.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,686.28 | 24,834.69 | 31,671.48 | 39,819.89 | 46,656.68 | 54,805.09 | 61,641.88 |
| Camarilla | 34,387.34 | 35,760.98 | 37,134.63 | 38,508.27 | 39,881.91 | 41,255.56 | 42,629.20 |
| Woodie | 16,030.47 | 24,506.79 | 31,015.67 | 39,491.99 | 46,000.87 | 54,477.19 | 60,986.07 |
| Fibonacci | 24,834.69 | 30,559.04 | 34,095.54 | 39,819.89 | 45,544.24 | 49,080.74 | 54,805.09 |
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): | 61.61 | |
| MACD (12,26,9): | 236.6700 | |
| Directional Movement: | 18.90 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 37,798.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 37,361.08 | |
| Elder Ray (13): | 202.07 | |
| Super Trend (3,10): | 37,206.78 | |
| Zig ZAG (10): | 37,922.79 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 73.52 | |
| TEMA (21): | 38,077.43 | |
| Williams %R (14): | -27.37 | |
| Chande Momentum Oscillator (20): | 705.78 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 4.96 |
| MA7: | 37,920.81 | |
| MA20: | 38,438.19 | |
| MA50: | 43,001.77 | |
| MA100: | 50,211.42 | |
| MAexp7: | 37,844.59 | |
| MAexp20: | 37,527.57 | |
| MAexp50: | 37,445.29 | |
| MAexp100: | 37,555.51 | |
| Price / MA7: | -0.01% | |
| Price / MA20: | -1.36% | |
| Price / MA50: | -11.83% | |
| Price / MA100: | -24.49% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.26% | |
| Price / MAexp100: | +0.96% |
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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