BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/29/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Bullish above 19,743.79 USD
My targets
19,959.20 USD (+0.62%)
20,365.75 USD (+2.67%)
My analysis
The strong short-term increase in BITCOIN - BTC/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 19,743.79 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 19,959.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20,365.75 USD as an objective. Crossing it would then enable buyers to target 20,581.16 USD. Caution, a return under 19,743.79 USD could jeopardize the reversal.
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
2.3
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This analysis was given by amira1003. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 19,835.64 USD. The price registered an increase of +1.45% on the session and was traded between 19,540.85 USD and 19,937.22 USD over the period. The price is currently at +1.51% from its lowest and -0.51% from its highest.19,540.85
19,937.22
19,835.64
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 15 minutes
Williams %R 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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,835.20 | 12,932.90 | 19,345.50 | 19,835.64 | 20,905.30 | 21,151.00 | 21,544.70 |
| Change (%) | -75.62% | -34.80% | -2.47% | - | +5.39% | +6.63% | +8.62% |
| Change | -15,000.44 | -6,902.74 | -490.14 | - | +1,069.66 | +1,315.36 | +1,709.06 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18,715.28 | 19,121.83 | 19,337.24 | 19,743.79 | 19,959.20 | 20,365.75 | 20,581.16 |
| Camarilla | 19,381.62 | 19,438.63 | 19,495.65 | 19,552.66 | 19,609.67 | 19,666.69 | 19,723.70 |
| Woodie | 18,619.72 | 19,074.05 | 19,241.68 | 19,696.01 | 19,863.64 | 20,317.97 | 20,485.60 |
| Fibonacci | 19,121.83 | 19,359.42 | 19,506.20 | 19,743.79 | 19,981.38 | 20,128.16 | 20,365.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17,258.73 | 18,551.15 | 19,292.86 | 20,585.28 | 21,326.99 | 22,619.41 | 23,361.12 |
| Camarilla | 19,475.18 | 19,661.65 | 19,848.11 | 20,034.57 | 20,221.03 | 20,407.49 | 20,593.96 |
| Woodie | 16,983.38 | 18,413.47 | 19,017.51 | 20,447.60 | 21,051.64 | 22,481.73 | 23,085.77 |
| Fibonacci | 18,551.15 | 19,328.19 | 19,808.24 | 20,585.28 | 21,362.32 | 21,842.37 | 22,619.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14,187.07 | 16,549.33 | 19,931.67 | 22,293.93 | 25,676.27 | 28,038.53 | 31,420.87 |
| Camarilla | 21,734.24 | 22,260.82 | 22,787.41 | 23,314.00 | 23,840.59 | 24,367.18 | 24,893.77 |
| Woodie | 14,697.10 | 16,804.35 | 20,441.70 | 22,548.95 | 26,186.30 | 28,293.55 | 31,930.90 |
| Fibonacci | 16,549.33 | 18,743.77 | 20,099.50 | 22,293.93 | 24,488.37 | 25,844.10 | 28,038.53 |
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): | 58.71 | |
| MACD (12,26,9): | 15.2200 | |
| Directional Movement: | 15.45 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 19,826.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 19,900.01 | |
| Elder Ray (13): | 48.49 | |
| Super Trend (3,10): | 19,727.45 | |
| Zig ZAG (10): | 19,896.21 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 58.91 | |
| TEMA (21): | 19,859.35 | |
| Williams %R (14): | -32.01 | |
| Chande Momentum Oscillator (20): | -20.78 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.28 |
| MA7: | 20,593.29 | |
| MA20: | 22,230.48 | |
| MA50: | 22,314.41 | |
| MA100: | 23,491.27 | |
| MAexp7: | 19,831.85 | |
| MAexp20: | 19,809.85 | |
| MAexp50: | 19,830.21 | |
| MAexp100: | 19,894.96 | |
| Price / MA7: | -3.68% | |
| Price / MA20: | -10.77% | |
| Price / MA50: | -11.11% | |
| Price / MA100: | -15.56% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.30% |
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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