MICRO BITCOIN ONLY1224
MBTCUSD1224
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MBTCUSD1224
ISIN: MBTZ4

MICRO BITCOIN ONLY1224 - 15 min. - Technical analysis published on 12/16/2024 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 105,457 USD
My targets
106,382 USD (+0.53%)
My analysis
The bullish trend is currently very strong on MICRO BITCOIN ONLY1224. As long as the price remains above the support at 105,457 USD, you could try to benefit from the boom. The first bullish objective is located at 106,382 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.7

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 euletthomas.

Additional analysis

Quotes

The MICRO BITCOIN ONLY1224 price is 105,820 USD. The price has increased by +3.44% since the last closing and was traded between 103,620 USD and 107,200 USD over the period. The price is currently at +2.12% from its lowest and -1.29% from its highest.

103,620
107,200
105,820

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on MICRO BITCOIN ONLY1224 were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of MICRO BITCOIN ONLY1224 in 15 min. shows a strongly overall bullish trend. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 15 minutes



In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes



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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes


Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
Price


S3S2S1Price
ProTrendLines 101,192 103,250 105,300 105,820
Change (%) -4.37% -2.43% -0.49% -
Change -4,628 -2,570 -520 -
Level Minor Minor 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
Standard97,42798,523100,412101,508103,397104,493106,382
Camarilla101,479101,753102,026102,300102,574102,847103,121
Woodie97,82398,721100,808101,706103,793104,691106,778
Fibonacci98,52399,664100,368101,508102,649103,353104,493


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard88,41791,57396,937100,093105,457108,613113,977
Camarilla99,957100,738101,519102,300103,081103,862104,643
Woodie89,52092,12598,040100,645106,560109,165115,080
Fibonacci91,57394,82896,839100,093103,348105,359108,613


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard43,51055,57576,97089,035110,430122,495143,890
Camarilla89,16492,23195,29898,365101,432104,499107,567
Woodie48,17557,90881,63591,368115,095124,828148,555
Fibonacci55,57568,35776,25389,035101,817109,713122,495

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 61.00
MACD (12,26,9): 314.0000
Directional Movement: 12
AROON (14): 65
DEMA (21): 105,929
Parabolic SAR (0,02-0,02-0,2): 106,563
Elder Ray (13): 104
Super Trend (3,10): 104,882
Zig ZAG (10): 105,645
VORTEX (21): 1.0000
Stochastique (14,3,5): 81.00
TEMA (21): 105,712
Williams %R (14): -26.00
Chande Momentum Oscillator (20): 555
Repulse (5,40,3): 0.0000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 1.00
MA7: 100,960
MA20: 98,494
MA50: 83,585
MA100: 72,834
MAexp7: 105,672
MAexp20: 105,418
MAexp50: 104,487
MAexp100: 103,358
Price / MA7: +4.81%
Price / MA20: +7.44%
Price / MA50: +26.60%
Price / MA100: +45.29%
Price / MAexp7: +0.14%
Price / MAexp20: +0.38%
Price / MAexp50: +1.28%
Price / MAexp100: +2.38%

Quotes : - 10 min delayed data - CME Globex Futures

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

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