BITCOIN - BTC/USD - 15 min. - Technical analysis published on 01/17/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 43,068.00 USD
My targets
42,658.26 USD (-0.40%)
42,212.86 USD (-1.44%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are under the resistance located at 43,068.00 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 42,658.26 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 42,212.86 USD as an objective. Crossing it would then enable sellers to target 41,803.12 USD. If the resistance 43,068.00 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 42,830.55 USD. On the day, this instrument lost -0.63% and was traded between 42,374.00 USD and 43,199.42 USD over the period. The price is currently at +1.08% from its lowest and -0.85% from its highest.42,374.00
43,199.42
42,830.55
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
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:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 41,281.30 | 41,803.80 | 42,792.00 | 42,830.55 | 43,460.40 | 44,431.00 | 46,242.70 |
Change (%) | -3.62% | -2.40% | -0.09% | - | +1.47% | +3.74% | +7.97% |
Change | -1,549.25 | -1,026.75 | -38.55 | - | +629.85 | +1,600.45 | +3,412.15 |
Level | Minor | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 41,803.12 | 42,212.86 | 42,658.26 | 43,068.00 | 43,513.40 | 43,923.14 | 44,368.54 |
Camarilla | 42,868.49 | 42,946.87 | 43,025.26 | 43,103.65 | 43,182.04 | 43,260.43 | 43,338.81 |
Woodie | 41,820.94 | 42,221.78 | 42,676.08 | 43,076.92 | 43,531.22 | 43,932.06 | 44,386.36 |
Fibonacci | 42,212.86 | 42,539.53 | 42,741.34 | 43,068.00 | 43,394.67 | 43,596.48 | 43,923.14 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 35,599.83 | 37,631.26 | 40,368.13 | 42,399.56 | 45,136.43 | 47,167.86 | 49,904.73 |
Camarilla | 41,793.71 | 42,230.80 | 42,667.90 | 43,104.99 | 43,542.08 | 43,979.18 | 44,416.27 |
Woodie | 35,952.54 | 37,807.62 | 40,720.84 | 42,575.92 | 45,489.14 | 47,344.22 | 50,257.44 |
Fibonacci | 37,631.26 | 39,452.75 | 40,578.07 | 42,399.56 | 44,221.05 | 45,346.37 | 47,167.86 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18,919.03 | 29,534.57 | 37,862.23 | 48,477.77 | 56,805.43 | 67,420.97 | 75,748.63 |
Camarilla | 40,980.52 | 42,716.98 | 44,453.44 | 46,189.90 | 47,926.36 | 49,662.82 | 51,399.28 |
Woodie | 17,775.10 | 28,962.60 | 36,718.30 | 47,905.80 | 55,661.50 | 66,849.00 | 74,604.70 |
Fibonacci | 29,534.57 | 36,770.87 | 41,241.46 | 48,477.77 | 55,714.07 | 60,184.66 | 67,420.97 |
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): | 42.13 | |
MACD (12,26,9): | -41.7000 | |
Directional Movement: | -7.63 | |
AROON (14): | 57.14 | |
DEMA (21): | 42,698.83 | |
Parabolic SAR (0,02-0,02-0,2): | 42,590.54 | |
Elder Ray (13): | -72.34 | |
Super Trend (3,10): | 42,463.86 | |
Zig ZAG (10): | 42,766.21 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 63.83 | |
TEMA (21): | 42,755.77 | |
Williams %R (14): | -27.12 | |
Chande Momentum Oscillator (20): | 189.24 | |
Repulse (5,40,3): | 0.3700 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.64 |
MA7: | 43,053.99 | |
MA20: | 44,090.49 | |
MA50: | 47,712.86 | |
MA100: | 54,244.76 | |
MAexp7: | 42,774.67 | |
MAexp20: | 42,758.21 | |
MAexp50: | 42,857.73 | |
MAexp100: | 42,954.39 | |
Price / MA7: | -0.52% | |
Price / MA20: | -2.86% | |
Price / MA50: | -10.23% | |
Price / MA100: | -21.04% | |
Price / MAexp7: | +0.13% | |
Price / MAexp20: | +0.17% | |
Price / MAexp50: | -0.06% | |
Price / MAexp100: | -0.29% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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