BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 08/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 61,849.84 USD

My targets

67,104.75 USD (+4.56%)

67,554.70 USD (+5.26%)

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 61,849.84 USD. The buyers' bullish objective is set at 67,104.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 67,554.70 USD. If there is any crossing, the next objective would be the resistance located at 71,320.67 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

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 philiptino88. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 64,178.65 USD. On the day, this instrument gained +0.14% with the lowest point at 63,683.53 USD and the highest point at 64,504.47 USD. The deviation from the price is +0.78% for the low point and -0.51% for the high point.

63,683.53

64,504.47

64,178.65

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 BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	61,418.63	61,849.84	63,996.48	64,178.65	67,554.70	71,320.67	73,117.83
Change (%)	-4.30%	-3.63%	-0.28%	-	+5.26%	+11.13%	+13.93%
Change	-2,760.02	-2,328.81	-182.17	-	+3,376.05	+7,142.02	+8,939.18
Level	Intermediate	Minor	Minor	-	Major	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56,687.48	58,522.28	61,305.25	63,140.05	65,923.02	67,757.82	70,540.79
Camarilla	62,818.33	63,241.63	63,664.92	64,088.22	64,511.52	64,934.81	65,358.11
Woodie	57,161.57	58,759.32	61,779.34	63,377.09	66,397.11	67,994.86	71,014.88
Fibonacci	58,522.28	60,286.27	61,376.06	63,140.05	64,904.04	65,993.83	67,757.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	51,705.27	54,179.05	56,838.43	59,312.21	61,971.59	64,445.37	67,104.75
Camarilla	58,086.18	58,556.72	59,027.26	59,497.80	59,968.34	60,438.88	60,909.42
Woodie	51,798.06	54,225.45	56,931.22	59,358.61	62,064.38	64,491.77	67,197.54
Fibonacci	54,179.05	56,139.92	57,351.35	59,312.21	61,273.08	62,484.51	64,445.37

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	40,250.29	47,280.85	55,951.68	62,982.24	71,653.07	78,683.63	87,354.46
Camarilla	60,304.63	61,743.92	63,183.22	64,622.51	66,061.80	67,501.10	68,940.39
Woodie	41,070.43	47,690.92	56,771.82	63,392.31	72,473.21	79,093.70	88,174.60
Fibonacci	47,280.85	53,278.78	56,984.31	62,982.24	68,980.17	72,685.70	78,683.63

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):	65.00
MACD (12,26,9):	580.5200
Directional Movement:	20.35
AROON (14):	57.14
DEMA (21):	64,545.66
Parabolic SAR (0,02-0,02-0,2):	64,878.23
Elder Ray (13):	129.25
Super Trend (3,10):	63,211.33
Zig ZAG (10):	64,144.02
VORTEX (21):	1.3000
Stochastique (14,3,5):	43.30
TEMA (21):	64,541.74
Williams %R (14):	-45.62
Chande Momentum Oscillator (20):	242.79
Repulse (5,40,3):	-0.1200
ROCnROLL:	1
TRIX (15,9):	0.1700
Courbe Coppock:	1.19

MA7:	60,962.48
MA20:	59,439.54
MA50:	61,650.17
MA100:	63,846.07
MAexp7:	64,129.47
MAexp20:	63,708.28
MAexp50:	62,596.40
MAexp100:	61,590.31
Price / MA7:	+5.28%
Price / MA20:	+7.97%
Price / MA50:	+4.10%
Price / MA100:	+0.52%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.74%
Price / MAexp50:	+2.53%
Price / MAexp100:	+4.20%

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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