BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Low:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 09/10/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 55,866.19 USD

My targets

57,760.82 USD (+1.44%)

58,274.94 USD (+2.34%)

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 55,866.19 USD. The buyers' bullish objective is set at 57,760.82 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 58,274.94 USD. If there is any crossing, the next objective would be the resistance located at 58,769.96 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 56,939.90 USD. The price is lower by -0.20% since the last closing with the lowest point at 56,928.38 USD and the highest point at 57,082.04 USD. The deviation from the price is +0.02% for the low point and -0.25% for the high point.

56,928.38

57,082.04

56,939.90

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. 89.29% 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 market scanner currently does not detect any result that concerns moving averages.

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	50,742.68	54,012.71	55,866.19	56,939.90	57,760.82	58,274.94	58,769.96
Change (%)	-10.88%	-5.14%	-1.89%	-	+1.44%	+2.34%	+3.21%
Change	-6,197.22	-2,927.19	-1,073.71	-	+820.92	+1,335.04	+1,830.06
Level	Minor	Intermediate	Major	-	Intermediate	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	51,688.98	53,137.96	55,097.50	56,546.48	58,506.02	59,955.00	61,914.54
Camarilla	56,119.69	56,432.14	56,744.58	57,057.03	57,369.48	57,681.93	57,994.37
Woodie	51,944.25	53,265.60	55,352.77	56,674.12	58,761.29	60,082.64	62,169.81
Fibonacci	53,137.96	54,440.02	55,244.43	56,546.48	57,848.54	58,652.95	59,955.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,972.86	48,269.86	51,219.06	55,516.06	58,465.26	62,762.26	65,711.46
Camarilla	52,175.55	52,839.78	53,504.02	54,168.25	54,832.49	55,496.72	56,160.96
Woodie	43,298.95	47,932.91	50,545.15	55,179.11	57,791.35	62,425.31	65,037.55
Fibonacci	48,269.86	51,037.91	52,748.02	55,516.06	58,284.11	59,994.22	62,762.26

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33,972.55	41,613.30	50,297.02	57,937.77	66,621.49	74,262.24	82,945.96
Camarilla	54,491.52	55,987.93	57,484.34	58,980.75	60,477.16	61,973.57	63,469.98
Woodie	34,494.05	41,874.04	50,818.52	58,198.51	67,142.99	74,522.98	83,467.46
Fibonacci	41,613.30	47,849.24	51,701.82	57,937.77	64,173.71	68,026.29	74,262.24

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	70.62
MACD (12,26,9):	669.2600
Directional Movement:	29.44
AROON (14):	50.00
DEMA (21):	56,929.15
Parabolic SAR (0,02-0,02-0,2):	55,668.45
Elder Ray (13):	675.14
Super Trend (3,10):	55,895.75
Zig ZAG (10):	57,194.43
VORTEX (21):	1.2200
Stochastique (14,3,5):	77.81
TEMA (21):	57,321.32
Williams %R (14):	-25.40
Chande Momentum Oscillator (20):	1,908.76
Repulse (5,40,3):	0.0600
ROCnROLL:	1
TRIX (15,9):	0.1300
Courbe Coppock:	6.71

MA7:	55,969.35
MA20:	59,062.48
MA50:	60,642.83
MA100:	62,220.37
MAexp7:	56,917.46
MAexp20:	56,131.25
MAexp50:	55,424.79
MAexp100:	55,429.38
Price / MA7:	+1.73%
Price / MA20:	-3.59%
Price / MA50:	-6.11%
Price / MA100:	-8.49%
Price / MAexp7:	+0.07%
Price / MAexp20:	+1.47%
Price / MAexp50:	+2.76%
Price / MAexp100:	+2.75%

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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