BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/12/2024 (GMT)
- 119
- 0
- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
33%
33%
33%
My opinion
Neutral between 60,923.42 USD and 61,366.44 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 61,366.44 USD. The first support is located at 60,923.42 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by BITCOIN - BTC/USD.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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 KBPRASAD. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 61,018.04 USD. The price registered an increase of +0.34% on the session and was between 60,615.29 USD and 61,097.39 USD. This implies that the price is at +0.66% from its lowest and at -0.13% from its highest.60,615.29
61,097.39
61,018.04
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Technical
Technical analysis of BITCOIN - BTC/USD in 15 min. shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,871.34 | 59,614.96 | 60,631.79 | 61,018.04 | 61,778.00 | 62,770.63 | 64,518.34 |
| Change (%) | -3.52% | -2.30% | -0.63% | - | +1.25% | +2.87% | +5.74% |
| Change | -2,146.70 | -1,403.08 | -386.25 | - | +759.96 | +1,752.59 | +3,500.30 |
| Level | Minor | Minor | Major | - | Minor | Major | Intermediate |
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 | 59,369.48 | 59,924.94 | 60,367.96 | 60,923.42 | 61,366.44 | 61,921.90 | 62,364.92 |
| Camarilla | 60,536.40 | 60,627.93 | 60,719.45 | 60,810.98 | 60,902.51 | 60,994.04 | 61,085.56 |
| Woodie | 59,313.26 | 59,896.83 | 60,311.74 | 60,895.31 | 61,310.22 | 61,893.79 | 62,308.70 |
| Fibonacci | 59,924.94 | 60,306.36 | 60,542.00 | 60,923.42 | 61,304.84 | 61,540.48 | 61,921.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,541.40 | 56,871.14 | 58,841.06 | 62,170.80 | 64,140.72 | 67,470.46 | 69,440.38 |
| Camarilla | 59,353.57 | 59,839.38 | 60,325.18 | 60,810.98 | 61,296.78 | 61,782.58 | 62,268.39 |
| Woodie | 52,861.49 | 56,531.19 | 58,161.15 | 61,830.85 | 63,460.81 | 67,130.51 | 68,760.47 |
| Fibonacci | 56,871.14 | 58,895.61 | 60,146.33 | 62,170.80 | 64,195.27 | 65,445.99 | 67,470.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41,941.71 | 50,521.84 | 55,575.35 | 64,155.48 | 69,208.99 | 77,789.12 | 82,842.63 |
| Camarilla | 56,879.61 | 58,129.36 | 59,379.11 | 60,628.86 | 61,878.61 | 63,128.36 | 64,378.11 |
| Woodie | 40,178.40 | 49,640.19 | 53,812.04 | 63,273.83 | 67,445.68 | 76,907.47 | 81,079.32 |
| Fibonacci | 50,521.84 | 55,729.89 | 58,947.43 | 64,155.48 | 69,363.53 | 72,581.07 | 77,789.12 |
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): | 37.88 | |
| MACD (12,26,9): | -34.1700 | |
| Directional Movement: | -15.24 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 60,879.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 61,027.15 | |
| Elder Ray (13): | -69.59 | |
| Super Trend (3,10): | 60,958.98 | |
| Zig ZAG (10): | 60,893.34 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 41.64 | |
| TEMA (21): | 60,868.23 | |
| Williams %R (14): | -38.48 | |
| Chande Momentum Oscillator (20): | -95.74 | |
| Repulse (5,40,3): | 0.3100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.31 |
| MA7: | 61,748.94 | |
| MA20: | 62,514.46 | |
| MA50: | 65,505.54 | |
| MA100: | 61,757.88 | |
| MAexp7: | 60,868.67 | |
| MAexp20: | 60,906.25 | |
| MAexp50: | 60,936.43 | |
| MAexp100: | 61,001.36 | |
| Price / MA7: | -1.18% | |
| Price / MA20: | -2.39% | |
| Price / MA50: | -6.85% | |
| Price / MA100: | -1.20% | |
| Price / MAexp7: | +0.25% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.03% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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