BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 07/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 56,032.23 USD

My targets

58,274.94 USD (+1.10%)

59,572.52 USD (+3.35%)

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 56,032.23 USD. The buyers' bullish objective is set at 58,274.94 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 59,572.52 USD. If there is any crossing, the next objective would be the resistance located at 62,484.89 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

6.8

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 57,642.36 USD. The price has increased by +1.64% since the last closing with the lowest point at 56,299.31 USD and the highest point at 57,872.15 USD. The deviation from the price is +2.39% for the low point and -0.40% for the high point.

56,299.31

57,872.15

57,642.36

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	53,603.66	54,997.00	56,032.23	57,642.36	58,274.94	59,572.52	62,484.89
Change (%)	-7.01%	-4.59%	-2.79%	-	+1.10%	+3.35%	+8.40%
Change	-4,038.70	-2,645.36	-1,610.13	-	+632.58	+1,930.16	+4,842.53
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50,777.67	52,544.54	54,628.18	56,395.05	58,478.69	60,245.56	62,329.20
Camarilla	55,652.93	56,005.89	56,358.86	56,711.82	57,064.78	57,417.75	57,770.71
Woodie	50,936.06	52,623.73	54,786.57	56,474.24	58,637.08	60,324.75	62,487.59
Fibonacci	52,544.54	54,015.44	54,924.16	56,395.05	57,865.95	58,774.67	60,245.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,596.92	48,749.59	53,495.19	58,647.86	63,393.46	68,546.13	73,291.73
Camarilla	55,518.78	56,426.12	57,333.46	58,240.80	59,148.14	60,055.48	60,962.82
Woodie	43,393.40	48,647.82	53,291.67	58,546.09	63,189.94	68,444.36	73,088.21
Fibonacci	48,749.59	52,530.73	54,866.72	58,647.86	62,429.00	64,764.99	68,546.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,402.24	50,954.73	56,820.38	64,372.87	70,238.52	77,791.01	83,656.66
Camarilla	58,996.03	60,226.03	61,456.02	62,686.02	63,916.02	65,146.01	66,376.01
Woodie	42,558.81	50,533.02	55,976.95	63,951.16	69,395.09	77,369.30	82,813.23
Fibonacci	50,954.73	56,080.46	59,247.14	64,372.87	69,498.60	72,665.28	77,791.01

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):	61.14
MACD (12,26,9):	256.7800
Directional Movement:	5.33
AROON (14):	85.72
DEMA (21):	57,270.84
Parabolic SAR (0,02-0,02-0,2):	55,634.93
Elder Ray (13):	447.15
Super Trend (3,10):	56,014.89
Zig ZAG (10):	57,590.11
VORTEX (21):	1.0600
Stochastique (14,3,5):	76.04
TEMA (21):	57,532.55
Williams %R (14):	-15.99
Chande Momentum Oscillator (20):	923.99
Repulse (5,40,3):	0.4800
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	3.47

MA7:	57,470.92
MA20:	60,599.27
MA50:	65,177.41
MA100:	65,043.10
MAexp7:	57,361.91
MAexp20:	56,996.05
MAexp50:	56,852.11
MAexp100:	57,163.88
Price / MA7:	+0.30%
Price / MA20:	-4.88%
Price / MA50:	-11.56%
Price / MA100:	-11.38%
Price / MAexp7:	+0.49%
Price / MAexp20:	+1.13%
Price / MAexp50:	+1.39%
Price / MAexp100:	+0.84%

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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