BITCOIN - BTC/USD - 1H : PREVIEW

2 mai 2020

MY OPINION
BULLISH ABOVE 8,839.70 USD

MY TARGETS
9,155.71 USD (+2.63%)
9,468.90 USD (+6.14%)
TRENDS:
Court terme: STRONGLY BULLISH
De fond: STRONGLY BULLISH

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 8,839.70 USD. The buyers” bullish objective is set at 9,155.71 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 9,468.90 USD. If there is any crossing, the next objective would be the resistance located at 10,371.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Quotes:
The BITCOIN - BTC/USD rating is 8,921.36 USD. The price registered an increase of +1.05% on the session with the lowest point at 8,764.66 USD and the highest point at 9,022.20 USD. The deviation from the price is +1.79% for the low point and -1.12% for the high point.
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators:


RSI (14): 58.33
MACD (12,26,9): 35.0700
Directional Movement: 6.05
AROON (14): 57.14
DEMA (21): 8,937.17
Parabolic SAR (0,02-0,02-0,2): 8,827.46
Elder Ray (13): 32.14
Super Trend (3,10): 9,015.32
Zig ZAG (10): 8,940.19
VORTEX (21): 1.1200
Stochastique (14,3,5): 65.24
TEMA (21): 8,945.80
Williams %R (14): -36.55
Chande Momentum Oscillator (20): 102.09
Repulse (5,40,3): 0.4300
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 2.54

Moving averages:


MA7: 8,346.53
MA20: 7,534.82
MA50: 6,863.40
MA100: 7,987.78
MAexp7: 8,926.89
MAexp20: 8,892.05
MAexp50: 8,816.22
MAexp100: 8,619.57
Price / MA7: +6.89%
Price / MA20: +18.40%
Price / MA50: +29.98%
Price / MA100: +11.69%
Price / MAexp7: -0.06%
Price / MAexp20: +0.33%
Price / MAexp50: +1.19%
Price / MAexp100: +3.50%

REDA EL HARAOUI