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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
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 12/22/2019 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7,077.71 USD
My targets
7,224.03 USD (+0.83%)
7,300.52 USD (+1.89%)
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 7,077.71 USD. The buyers” bullish objective is set at 7,224.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,300.52 USD. If there is any crossing, the next objective would be the resistance located at 7,420.15 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2

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.

renodonor
This analysis was given by renodonor. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 7,164.79 USD. On the day, this instrument gained +0.29% and was traded between 7,124.03 USD and 7,202.04 USD over the period. The price is currently at +0.57% from its lowest and -0.52% from its highest.

7,124.03
7,202.04
7,164.79

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.

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:

Technical


Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

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

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour


Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 6,715.25 6,933.15 7,077.71 7,164.79 7,224.03 7,300.52 7,420.15
Change (%) -6.27% -3.23% -1.22% - +0.83% +1.89% +3.56%
Change -449.54 -231.64 -87.08 - +59.24 +135.73 +255.36
Level Minor Minor Major - Intermediate Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,010.407,055.777,100.007,145.377,189.607,234.977,279.20
Camarilla7,119.597,127.807,136.027,144.237,152.447,160.667,168.87
Woodie7,009.837,055.497,099.437,145.097,189.037,234.697,278.63
Fibonacci7,055.777,090.007,111.147,145.377,179.607,200.747,234.97


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,560.105,996.246,570.247,006.387,580.388,016.528,590.52
Camarilla6,866.446,959.047,051.637,144.237,236.837,329.427,422.02
Woodie5,629.026,030.716,639.167,040.857,649.308,050.988,659.44
Fibonacci5,996.246,382.126,620.517,006.387,392.267,630.658,016.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,120.324,823.296,191.107,894.079,261.8810,964.8512,332.66
Camarilla6,714.446,995.927,277.417,558.907,840.398,121.888,403.36
Woodie2,952.734,739.506,023.517,810.289,094.2910,881.0612,165.07
Fibonacci4,823.295,996.336,721.047,894.079,067.119,791.8210,964.85

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): 57.00
MACD (12,26,9): 2.0600
Directional Movement: 15.74
AROON (14): 14.29
DEMA (21): 7,149.98
Parabolic SAR (0,02-0,02-0,2): 7,124.03
Elder Ray (13): 29.36
Super Trend (3,10): 7,108.90
Zig ZAG (10): 7,168.27
VORTEX (21): 1.0400
Stochastique (14,3,5): 51.20
TEMA (21): 7,149.55
Williams %R (14): -47.88
Chande Momentum Oscillator (20): 24.41
Repulse (5,40,3): 0.0700
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.16
MA7: 7,061.03
MA20: 7,214.41
MA50: 7,810.63
MA100: 8,281.86
MAexp7: 7,153.43
MAexp20: 7,149.07
MAexp50: 7,138.69
MAexp100: 7,104.25
Price / MA7: +1.47%
Price / MA20: -0.69%
Price / MA50: -8.27%
Price / MA100: -13.49%
Price / MAexp7: +0.16%
Price / MAexp20: +0.22%
Price / MAexp50: +0.37%
Price / MAexp100: +0.85%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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