BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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

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 : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

33%

My opinion

Bullish above 56,851.28 USD

My targets

58,274.94 USD (+1.29%)

59,813.07 USD (+3.96%)

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 56,851.28 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 59,813.07 USD. If there is any crossing, the next objective would be the resistance located at 64,267.27 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.9

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 57,534.70 USD. The price has increased by +0.84% since the last closing and was between 56,412.35 USD and 58,050.21 USD. This implies that the price is at +1.99% from its lowest and at -0.89% from its highest.

56,412.35

58,050.21

57,534.70

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

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

Technical

A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	54,012.71	55,661.30	56,851.28	57,534.70	58,274.94	59,813.07	64,267.27
Change (%)	-6.12%	-3.26%	-1.19%	-	+1.29%	+3.96%	+11.70%
Change	-3,521.99	-1,873.40	-683.42	-	+740.24	+2,278.37	+6,732.57
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	58.85
MACD (12,26,9):	316.4400
Directional Movement:	13.49
AROON (14):	35.71
DEMA (21):	57,586.43
Parabolic SAR (0,02-0,02-0,2):	56,628.76
Elder Ray (13):	208.59
Super Trend (3,10):	56,342.05
Zig ZAG (10):	57,556.52
VORTEX (21):	1.0800
Stochastique (14,3,5):	68.56
TEMA (21):	57,570.70
Williams %R (14):	-28.90
Chande Momentum Oscillator (20):	442.19
Repulse (5,40,3):	0.0800
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	1.64

MA7:	55,983.05
MA20:	58,871.79
MA50:	60,438.42
MA100:	62,116.51
MAexp7:	57,484.11
MAexp20:	57,139.83
MAexp50:	56,486.11
MAexp100:	56,076.56
Price / MA7:	+2.77%
Price / MA20:	-2.27%
Price / MA50:	-4.80%
Price / MA100:	-7.38%
Price / MAexp7:	+0.09%
Price / MAexp20:	+0.69%
Price / MAexp50:	+1.86%
Price / MAexp100:	+2.60%

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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