BITCOIN - BTC/USD - 1H - Technical analysis published on 05/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
39%
33%
28%
My opinion
Bullish above 61,279.96 USD
My targets
64,687.99 USD (+1.23%)
65,500.54 USD (+2.50%)
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 61,279.96 USD. The buyers' bullish objective is set at 64,687.99 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 65,500.54 USD. If there is any crossing, the next objective would be the resistance located at 67,554.70 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5
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This analysis was given by jann1414. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 63,905.09 USD. On the day, this instrument gained +1.17% and was between 62,971.97 USD and 63,954.25 USD. This implies that the price is at +1.48% from its lowest and at -0.08% from its highest.62,971.97
63,954.25
63,905.09
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
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 strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59,400.90 | 61,279.96 | 63,600.72 | 63,905.09 | 64,687.99 | 65,500.54 | 67,554.70 |
| Change (%) | -7.05% | -4.11% | -0.48% | - | +1.23% | +2.50% | +5.71% |
| Change | -4,504.19 | -2,625.13 | -304.37 | - | +782.90 | +1,595.45 | +3,649.61 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59,308.87 | 61,013.83 | 62,090.62 | 63,795.58 | 64,872.37 | 66,577.33 | 67,654.12 |
| Camarilla | 62,402.43 | 62,657.42 | 62,912.42 | 63,167.41 | 63,422.40 | 63,677.40 | 63,932.39 |
| Woodie | 58,994.79 | 60,856.79 | 61,776.54 | 63,638.54 | 64,558.29 | 66,420.29 | 67,340.04 |
| Fibonacci | 61,013.83 | 62,076.46 | 62,732.95 | 63,795.58 | 64,858.21 | 65,514.70 | 66,577.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50,499.57 | 53,506.88 | 58,702.04 | 61,709.35 | 66,904.51 | 69,911.82 | 75,106.98 |
| Camarilla | 61,641.51 | 62,393.40 | 63,145.30 | 63,897.19 | 64,649.08 | 65,400.98 | 66,152.87 |
| Woodie | 51,593.49 | 54,053.84 | 59,795.96 | 62,256.31 | 67,998.43 | 70,458.78 | 76,200.90 |
| Fibonacci | 53,506.88 | 56,640.23 | 58,576.01 | 61,709.35 | 64,842.70 | 66,778.48 | 69,911.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41,941.71 | 50,521.84 | 55,575.35 | 64,155.48 | 69,208.99 | 77,789.12 | 82,842.63 |
| Camarilla | 56,879.61 | 58,129.36 | 59,379.11 | 60,628.86 | 61,878.61 | 63,128.36 | 64,378.11 |
| Woodie | 40,178.40 | 49,640.19 | 53,812.04 | 63,273.83 | 67,445.68 | 76,907.47 | 81,079.32 |
| Fibonacci | 50,521.84 | 55,729.89 | 58,947.43 | 64,155.48 | 69,363.53 | 72,581.07 | 77,789.12 |
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): | 49.47 | |
| MACD (12,26,9): | -147.5200 | |
| Directional Movement: | -7.62 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 63,458.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,718.79 | |
| Elder Ray (13): | 114.70 | |
| Super Trend (3,10): | 64,777.67 | |
| Zig ZAG (10): | 63,694.04 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 42.91 | |
| TEMA (21): | 63,296.34 | |
| Williams %R (14): | -36.99 | |
| Chande Momentum Oscillator (20): | -113.06 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.48 |
| MA7: | 62,162.10 | |
| MA20: | 63,452.87 | |
| MA50: | 65,860.09 | |
| MA100: | 60,854.89 | |
| MAexp7: | 63,509.48 | |
| MAexp20: | 63,625.14 | |
| MAexp50: | 63,584.25 | |
| MAexp100: | 63,009.44 | |
| Price / MA7: | +2.80% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | -2.97% | |
| Price / MA100: | +5.01% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +0.44% | |
| Price / MAexp50: | +0.50% | |
| Price / MAexp100: | +1.42% |
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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