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BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 1H - Technical analysis published on 07/21/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 65,060.45 USD
My targets
67,554.70 USD (+1.11%)
73,117.83 USD (+9.43%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at 65,060.45 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 67,554.70 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 73,117.83 USD as an objective. If the support 65,060.45 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 66,814.09 USD. On the day, this instrument lost -0.52% and was traded between 66,636.08 USD and 67,424.86 USD over the period. The price is currently at +0.27% from its lowest and -0.91% from its highest.

66,636.08
67,424.86
66,814.09

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of BITCOIN - BTC/USD in 1H shows an overall bullish trend. The signals given by moving averages are 71.43% bullish. This bullish trend could slow down given the neutral 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, only 8 technical indicators out of 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 60,415.66 62,803.66 65,060.45 66,814.09 67,554.70 73,117.83
Change (%) -9.58% -6.00% -2.62% - +1.11% +9.43%
Change -6,398.43 -4,010.43 -1,753.64 - +740.61 +6,303.74
Level Minor Major Major - Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard65,107.3365,701.7766,432.5867,027.0267,757.8368,352.2769,083.08
Camarilla66,798.9666,920.4467,041.9267,163.4067,284.8867,406.3667,527.84
Woodie65,175.5365,735.8666,500.7867,061.1167,826.0368,386.3669,151.28
Fibonacci65,701.7766,208.0166,520.7767,027.0267,533.2667,846.0268,352.27


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53,438.3056,366.5461,764.9764,693.2170,091.6473,019.8878,418.31
Camarilla64,873.5765,636.8466,400.1267,163.4067,926.6868,689.9669,453.23
Woodie54,673.4056,984.0963,000.0765,310.7671,326.7473,637.4379,653.41
Fibonacci56,366.5459,547.3361,512.4264,693.2167,874.0069,839.0973,019.88


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard43,402.2450,954.7356,820.3864,372.8770,238.5277,791.0183,656.66
Camarilla58,996.0360,226.0361,456.0262,686.0263,916.0265,146.0166,376.01
Woodie42,558.8150,533.0255,976.9563,951.1669,395.0977,369.3082,813.23
Fibonacci50,954.7356,080.4659,247.1464,372.8769,498.6072,665.2877,791.01

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): 49.05
MACD (12,26,9): 65.8000
Directional Movement: 0.38
AROON (14): -42.86
DEMA (21): 67,086.55
Parabolic SAR (0,02-0,02-0,2): 67,456.85
Elder Ray (13): -117.95
Super Trend (3,10): 66,517.44
Zig ZAG (10): 66,844.58
VORTEX (21): 1.0300
Stochastique (14,3,5): 32.61
TEMA (21): 66,870.45
Williams %R (14): -73.51
Chande Momentum Oscillator (20): -312.13
Repulse (5,40,3): -0.1400
ROCnROLL: -1
TRIX (15,9): 0.0300
Courbe Coppock: 0.89
MA7: 65,523.41
MA20: 60,819.14
MA50: 63,771.13
MA100: 64,319.84
MAexp7: 66,905.80
MAexp20: 66,939.08
MAexp50: 66,499.36
MAexp100: 65,602.76
Price / MA7: +1.97%
Price / MA20: +9.86%
Price / MA50: +4.77%
Price / MA100: +3.88%
Price / MAexp7: -0.14%
Price / MAexp20: -0.19%
Price / MAexp50: +0.47%
Price / MAexp100: +1.85%

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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