BITCOIN - BTC/USD - 15 min. - Technical analysis published on 04/07/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 7,159.50 USD
My targets
7,545.40 USD (+2.45%)
7,741.30 USD (+5.11%)
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 7,159.50 USD. The buyers” bullish objective is set at 7,545.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7,741.30 USD. If there is any crossing, the next objective would be the resistance located at 8,127.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 7,364.80 USD. On the day, this instrument gained +0.21% and was between 7,235.30 USD and 7,459.70 USD. This implies that the price is at +1.79% from its lowest and at -1.27% from its highest.7,235.30
7,459.70
7,364.80
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 this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,343.38 | 6,766.80 | 7,156.80 | 7,364.80 | 7,458.58 | 8,347.77 | 9,553.97 |
| Change (%) | -13.87% | -8.12% | -2.82% | - | +1.27% | +13.35% | +29.72% |
| Change | -1,021.42 | -598.00 | -208.00 | - | +93.78 | +982.97 | +2,189.17 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,381.80 | 6,577.70 | 6,963.60 | 7,159.50 | 7,545.40 | 7,741.30 | 8,127.20 |
| Camarilla | 7,189.51 | 7,242.84 | 7,296.17 | 7,349.50 | 7,402.83 | 7,456.16 | 7,509.50 |
| Woodie | 6,476.80 | 6,625.20 | 7,058.60 | 7,207.00 | 7,640.40 | 7,788.80 | 8,222.20 |
| Fibonacci | 6,577.70 | 6,799.95 | 6,937.25 | 7,159.50 | 7,381.75 | 7,519.05 | 7,741.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,791.80 | 5,321.50 | 6,097.40 | 6,627.10 | 7,403.00 | 7,932.70 | 8,708.60 |
| Camarilla | 6,514.26 | 6,633.94 | 6,753.62 | 6,873.30 | 6,992.98 | 7,112.66 | 7,232.34 |
| Woodie | 4,914.90 | 5,383.05 | 6,220.50 | 6,688.65 | 7,526.10 | 7,994.25 | 8,831.70 |
| Fibonacci | 5,321.50 | 5,820.24 | 6,128.36 | 6,627.10 | 7,125.84 | 7,433.96 | 7,932.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -1,459.43 | 1,233.43 | 3,827.27 | 6,520.13 | 9,113.97 | 11,806.83 | 14,400.67 |
| Camarilla | 4,967.26 | 5,451.87 | 5,936.49 | 6,421.10 | 6,905.71 | 7,390.33 | 7,874.94 |
| Woodie | -1,508.95 | 1,208.68 | 3,777.75 | 6,495.38 | 9,064.45 | 11,782.08 | 14,351.15 |
| Fibonacci | 1,233.43 | 3,252.95 | 4,500.61 | 6,520.13 | 8,539.65 | 9,787.31 | 11,806.83 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 55.65 | |
| MACD (12,26,9): | 16.3000 | |
| Directional Movement: | 9.19 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 7,356.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,320.48 | |
| Elder Ray (13): | 7.36 | |
| Super Trend (3,10): | 7,281.36 | |
| Zig ZAG (10): | 7,361.90 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 77.39 | |
| TEMA (21): | 7,364.76 | |
| Williams %R (14): | -23.18 | |
| Chande Momentum Oscillator (20): | 71.90 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 2.24 |
| MA7: | 6,940.23 | |
| MA20: | 6,550.42 | |
| MA50: | 7,483.89 | |
| MA100: | 8,150.20 | |
| MAexp7: | 7,360.92 | |
| MAexp20: | 7,337.29 | |
| MAexp50: | 7,304.55 | |
| MAexp100: | 7,229.10 | |
| Price / MA7: | +6.12% | |
| Price / MA20: | +12.43% | |
| Price / MA50: | -1.59% | |
| Price / MA100: | -9.64% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +1.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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