BITCOIN - BTC/USD - 1H - Technical analysis published on 03/23/2020 (GMT)
- 181
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 5,875.21 USD
My targets
6,428.30 USD (+2.10%)
6,935.10 USD (+10.15%)
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 5,875.21 USD. The buyers” bullish objective is set at 6,428.30 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6,935.10 USD. If there is any crossing, the next objective would be the resistance located at 7,423.21 USD.
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
0
10
6.1
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 a1td. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 6,296.14 USD. The price has increased by +8.13% since the last closing and was traded between 5,694.08 USD and 6,351.87 USD over the period. The price is currently at +10.57% from its lowest and -0.88% from its highest.5,694.08
6,351.87
6,296.14
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 BITCOIN - BTC/USD in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,068.73 | 5,568.51 | 5,875.21 | 6,296.14 | 6,428.30 | 6,935.10 | 7,423.21 |
| Change (%) | -19.49% | -11.56% | -6.69% | - | +2.10% | +10.15% | +17.90% |
| Change | -1,227.41 | -727.63 | -420.93 | - | +132.16 | +638.96 | +1,127.07 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,889.76 | 5,315.23 | 5,568.96 | 5,994.43 | 6,248.16 | 6,673.63 | 6,927.36 |
| Camarilla | 5,635.91 | 5,698.17 | 5,760.43 | 5,822.69 | 5,884.95 | 5,947.21 | 6,009.47 |
| Woodie | 4,803.89 | 5,272.30 | 5,483.09 | 5,951.50 | 6,162.29 | 6,630.70 | 6,841.49 |
| Fibonacci | 5,315.23 | 5,574.69 | 5,734.98 | 5,994.43 | 6,253.88 | 6,414.18 | 6,673.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,270.30 | 3,352.82 | 4,770.06 | 5,852.58 | 7,269.82 | 8,352.34 | 9,769.58 |
| Camarilla | 5,499.87 | 5,729.01 | 5,958.16 | 6,187.30 | 6,416.45 | 6,645.59 | 6,874.73 |
| Woodie | 2,437.66 | 3,436.50 | 4,937.42 | 5,936.26 | 7,437.18 | 8,436.02 | 9,936.94 |
| Fibonacci | 3,352.82 | 4,307.73 | 4,897.67 | 5,852.58 | 6,807.49 | 7,397.43 | 8,352.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,742.50 | 7,090.90 | 7,809.00 | 9,157.40 | 9,875.50 | 11,223.90 | 11,942.00 |
| Camarilla | 7,958.81 | 8,148.24 | 8,337.67 | 8,527.10 | 8,716.53 | 8,905.96 | 9,095.39 |
| Woodie | 5,427.35 | 6,933.33 | 7,493.85 | 8,999.83 | 9,560.35 | 11,066.33 | 11,626.85 |
| Fibonacci | 7,090.90 | 7,880.30 | 8,368.00 | 9,157.40 | 9,946.80 | 10,434.50 | 11,223.90 |
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): | 65.71 | |
| MACD (12,26,9): | -34.3200 | |
| Directional Movement: | 13.97 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 5,906.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,694.08 | |
| Elder Ray (13): | 156.14 | |
| Super Trend (3,10): | 5,647.43 | |
| Zig ZAG (10): | 6,283.65 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 59.05 | |
| TEMA (21): | 5,916.96 | |
| Williams %R (14): | -9.24 | |
| Chande Momentum Oscillator (20): | 368.65 | |
| Repulse (5,40,3): | 7.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 0.77 |
| MA7: | 5,917.85 | |
| MA20: | 6,757.57 | |
| MA50: | 8,443.14 | |
| MA100: | 8,225.14 | |
| MAexp7: | 5,967.48 | |
| MAexp20: | 5,966.66 | |
| MAexp50: | 6,036.79 | |
| MAexp100: | 5,993.62 | |
| Price / MA7: | +6.39% | |
| Price / MA20: | -6.83% | |
| Price / MA50: | -25.43% | |
| Price / MA100: | -23.45% | |
| Price / MAexp7: | +5.51% | |
| Price / MAexp20: | +5.52% | |
| Price / MAexp50: | +4.30% | |
| Price / MAexp100: | +5.05% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USD - 1H