BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/08/2020 (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:
Neutral
Technical indicators
67%
0%
33%
My opinion
Bullish above 11,330.43 USD
My targets
11,898.86 USD (+2.31%)
12,193.14 USD (+4.84%)
My analysis
The strong short-term increase of BITCOIN - BTC/USD should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 11,330.43 USD, a purchase could be considered. The first bullish objective is located at 11,898.86 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 12,193.14 USD. If there is any crossing, the next objective would be the resistance at 12,467.29 USD. Caution, if there is a return under 11,330.43 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
3.2
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 11,630.68 USD. On the day, this instrument gained +0.23% and was traded between 11,531.04 USD and 11,666.47 USD over the period. The price is currently at +0.86% from its lowest and -0.31% from its highest.11,531.04
11,666.47
11,630.68
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 15 min. shows a neutral overall trend. This indecision could turn into a bullish trend due to the strong bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,090.60 | 11,282.50 | 11,485.00 | 11,630.68 | 11,662.00 | 11,828.90 | 12,113.70 |
| Change (%) | -4.64% | -2.99% | -1.25% | - | +0.27% | +1.70% | +4.15% |
| Change | -540.08 | -348.18 | -145.68 | - | +31.32 | +198.22 | +483.02 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,762.00 | 11,056.28 | 11,330.43 | 11,624.71 | 11,898.86 | 12,193.14 | 12,467.29 |
| Camarilla | 11,448.25 | 11,500.36 | 11,552.46 | 11,604.57 | 11,656.68 | 11,708.78 | 11,760.89 |
| Woodie | 10,751.93 | 11,051.25 | 11,320.36 | 11,619.68 | 11,888.79 | 12,188.11 | 12,457.22 |
| Fibonacci | 11,056.28 | 11,273.42 | 11,407.57 | 11,624.71 | 11,841.85 | 11,976.00 | 12,193.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.38 | 215.22 | 223.16 | 233.00 | 240.94 | 250.78 | 258.72 |
| Camarilla | 226.22 | 227.85 | 229.48 | 231.11 | 232.74 | 234.37 | 236.00 |
| Woodie | 204.44 | 214.75 | 222.22 | 232.53 | 240.00 | 250.31 | 257.78 |
| Fibonacci | 215.22 | 222.01 | 226.21 | 233.00 | 239.79 | 243.99 | 250.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,504.35 | 8,305.38 | 9,750.99 | 8,552.02 | 9,997.63 | 8,798.66 | 10,244.27 |
| Camarilla | 11,128.77 | 11,151.38 | 11,173.99 | 11,196.60 | 11,219.21 | 11,241.82 | 11,264.43 |
| Woodie | 10,826.64 | 8,966.53 | 11,073.28 | 9,213.17 | 11,319.92 | 9,459.81 | 11,566.56 |
| Fibonacci | 8,305.38 | 8,399.60 | 8,457.80 | 8,552.02 | 8,646.24 | 8,704.44 | 8,798.66 |
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): | 54.65 | |
| MACD (12,26,9): | 4.2600 | |
| Directional Movement: | -2.20 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 11,608.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,542.29 | |
| Elder Ray (13): | 10.64 | |
| Super Trend (3,10): | 11,539.75 | |
| Zig ZAG (10): | 11,629.32 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 85.24 | |
| TEMA (21): | 11,616.71 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 51.49 | |
| Repulse (5,40,3): | 0.3300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 10,931.04 | |
| MA20: | 10,636.11 | |
| MA50: | 9,793.22 | |
| MA100: | 9,594.75 | |
| MAexp7: | 11,618.62 | |
| MAexp20: | 11,603.69 | |
| MAexp50: | 11,609.93 | |
| MAexp100: | 11,642.92 | |
| Price / MA7: | +6.40% | |
| Price / MA20: | +9.35% | |
| Price / MA50: | +18.76% | |
| Price / MA100: | +21.22% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | -0.11% |
Quotes :
2020-08-08 07:49:16
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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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