MICRO BITCOIN ONLY1124

MBTCUSD1124

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	MBTCUSD1124
ISIN:	MBTX4

MICRO BITCOIN ONLY1124 - 15 min. - Technical analysis published on 11/12/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

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MICRO BITCOIN ONLY1124 Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

22%

33%

My opinion

Bullish above 85,848 USD

My targets

91,072 USD (+2.39%)

91,958 USD (+3.38%)

My analysis

MICRO BITCOIN ONLY1124 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 85,848 USD. The next resistance located at 91,072 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 91,958 USD. After this resistance, buyers could then target 94,408 USD.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

Force

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 ONLY1124 price is 88,950 USD. On the day, this instrument gained +1.39% and was between 85,860 USD and 90,740 USD. This implies that the price is at +3.60% from its lowest and at -1.97% from its highest.

85,860

90,740

88,950

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MICRO BITCOIN ONLY1124 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 ONLY1124 in 15 min. shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

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:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	72,208	76,250	82,580	88,950
Change (%)	-18.82%	-14.28%	-7.16%	-
Change	-16,742	-12,700	-6,370	-
Level	Minor	Intermediate	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	73,952	77,288	82,512	85,848	91,072	94,408	99,632
Camarilla	85,381	86,166	86,950	87,735	88,520	89,304	90,089
Woodie	74,895	77,760	83,455	86,320	92,015	94,880	100,575
Fibonacci	77,288	80,558	82,578	85,848	89,118	91,138	94,408

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	59,543	63,337	70,348	74,142	81,153	84,947	91,958
Camarilla	74,389	75,379	76,370	77,360	78,350	79,341	80,331
Woodie	61,153	64,141	71,958	74,946	82,763	85,751	93,568
Fibonacci	63,337	67,464	70,014	74,142	78,269	80,819	84,947

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,260	52,850	61,290	67,880	76,320	82,910	91,350
Camarilla	65,597	66,975	68,352	69,730	71,108	72,486	73,863
Woodie	47,185	53,313	62,215	68,343	77,245	83,373	92,275
Fibonacci	52,850	58,591	62,139	67,880	73,621	77,169	82,910

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):	54.00
MACD (12,26,9):	-13.0000
Directional Movement:	-2
AROON (14):	86
DEMA (21):	87,582
Parabolic SAR (0,02-0,02-0,2):	86,608
Elder Ray (13):	378
Super Trend (3,10):	88,716
Zig ZAG (10):	87,680
VORTEX (21):	1.0000
Stochastique (14,3,5):	80.00
TEMA (21):	87,754
Williams %R (14):	-42.00
Chande Momentum Oscillator (20):	-320
Repulse (5,40,3):	-1.0000
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	2.00

MA7:	77,786
MA20:	72,308
MA50:	66,183
MA100:	64,599
MAexp7:	87,773
MAexp20:	87,735
MAexp50:	87,918
MAexp100:	87,224
Price / MA7:	+14.35%
Price / MA20:	+23.02%
Price / MA50:	+34.40%
Price / MA100:	+37.70%
Price / MAexp7:	+1.35%
Price / MAexp20:	+1.39%
Price / MAexp50:	+1.18%
Price / MAexp100:	+1.98%

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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