BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/17/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 30,067.12 USD
My targets
31,063.77 USD (+2.14%)
32,292.94 USD (+6.18%)
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 above the support located at 30,067.12 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 31,063.77 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 32,292.94 USD as an objective. Crossing it would then enable buyers to target 33,289.59 USD. If the support 30,067.12 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
5.2
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This analysis was given by MiaC. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 30,412.99 USD. On the day, this instrument gained +1.94% and was traded between 29,772.28 USD and 30,733.80 USD over the period. The price is currently at +2.15% from its lowest and -1.04% from its highest.29,772.28
30,733.80
30,412.99
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
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bearish divergence
Type : Bearish
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 support of channel
Type : Bullish
Timeframe : 15 minutes
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25,857.40 | 29,123.60 | 29,794.70 | 30,412.99 | 32,628.20 | 33,755.60 | 35,079.50 |
| Change (%) | -14.98% | -4.24% | -2.03% | - | +7.28% | +10.99% | +15.34% |
| Change | -4,555.59 | -1,289.39 | -618.29 | - | +2,215.21 | +3,342.61 | +4,666.51 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26,612.13 | 27,841.30 | 28,837.95 | 30,067.12 | 31,063.77 | 32,292.94 | 33,289.59 |
| Camarilla | 29,222.49 | 29,426.52 | 29,630.56 | 29,834.59 | 30,038.62 | 30,242.66 | 30,446.69 |
| Woodie | 26,495.86 | 27,783.17 | 28,721.68 | 30,008.99 | 30,947.50 | 32,234.81 | 33,173.32 |
| Fibonacci | 27,841.30 | 28,691.57 | 29,216.86 | 30,067.12 | 30,917.39 | 31,442.68 | 32,292.94 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,801.30 | 20,829.35 | 25,440.40 | 30,468.45 | 35,079.50 | 40,107.55 | 44,718.60 |
| Camarilla | 27,400.70 | 28,284.28 | 29,167.87 | 30,051.45 | 30,935.03 | 31,818.62 | 32,702.20 |
| Woodie | 15,592.80 | 20,725.10 | 25,231.90 | 30,364.20 | 34,871.00 | 40,003.30 | 44,510.10 |
| Fibonacci | 20,829.35 | 24,511.49 | 26,786.31 | 30,468.45 | 34,150.59 | 36,425.41 | 40,107.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24,551.87 | 31,080.83 | 34,369.97 | 40,898.93 | 44,188.07 | 50,717.03 | 54,006.17 |
| Camarilla | 34,959.12 | 35,859.12 | 36,759.11 | 37,659.10 | 38,559.09 | 39,459.09 | 40,359.08 |
| Woodie | 22,931.95 | 30,270.88 | 32,750.05 | 40,088.98 | 42,568.15 | 49,907.08 | 52,386.25 |
| Fibonacci | 31,080.83 | 34,831.35 | 37,148.42 | 40,898.93 | 44,649.45 | 46,966.52 | 50,717.03 |
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): | 55.60 | |
| MACD (12,26,9): | 34.5200 | |
| Directional Movement: | 7.71 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 30,511.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 30,283.92 | |
| Elder Ray (13): | 57.46 | |
| Super Trend (3,10): | 30,662.23 | |
| Zig ZAG (10): | 30,513.88 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 66.45 | |
| TEMA (21): | 30,465.16 | |
| Williams %R (14): | -38.02 | |
| Chande Momentum Oscillator (20): | -35.24 | |
| Repulse (5,40,3): | -0.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.78 |
| MA7: | 29,830.32 | |
| MA20: | 34,126.19 | |
| MA50: | 38,980.21 | |
| MA100: | 40,126.22 | |
| MAexp7: | 30,474.05 | |
| MAexp20: | 30,461.24 | |
| MAexp50: | 30,341.54 | |
| MAexp100: | 30,204.61 | |
| Price / MA7: | +1.95% | |
| Price / MA20: | -10.88% | |
| Price / MA50: | -21.98% | |
| Price / MA100: | -24.21% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.69% |
Quotes :
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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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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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