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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Timeframe : 15 min.
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MICRO BITCOIN ONLY1224 Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

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

7.7

Comment on the analysis

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.

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:

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:

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:

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:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 15 minutes

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

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:

Doji

Type : Neutral

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
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
Standard	97,427	98,523	100,412	101,508	103,397	104,493	106,382
Camarilla	101,479	101,753	102,026	102,300	102,574	102,847	103,121
Woodie	97,823	98,721	100,808	101,706	103,793	104,691	106,778
Fibonacci	98,523	99,664	100,368	101,508	102,649	103,353	104,493

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88,417	91,573	96,937	100,093	105,457	108,613	113,977
Camarilla	99,957	100,738	101,519	102,300	103,081	103,862	104,643
Woodie	89,520	92,125	98,040	100,645	106,560	109,165	115,080
Fibonacci	91,573	94,828	96,839	100,093	103,348	105,359	108,613

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,510	55,575	76,970	89,035	110,430	122,495	143,890
Camarilla	89,164	92,231	95,298	98,365	101,432	104,499	107,567
Woodie	48,175	57,908	81,635	91,368	115,095	124,828	148,555
Fibonacci	55,575	68,357	76,253	89,035	101,817	109,713	122,495

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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