BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/10/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 62,374.05 USD

My targets

59,590.60 USD (-2.02%)

58,549.40 USD (-3.73%)

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 62,374.05 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 59,590.60 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 58,549.40 USD as an objective. Crossing it would then enable sellers to target 58,274.94 USD. If the resistance 62,374.05 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.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by KBPRASAD. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 60,818.57 USD. The price is lower by -3.58% since the last closing and was traded between 60,200.88 USD and 63,465.87 USD over the period. The price is currently at +1.03% from its lowest and -4.17% from its highest.

60,200.88

63,465.87

60,818.57

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:

Technical

Technical analysis of BITCOIN - BTC/USD in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	57,554.56	58,274.94	60,631.79	60,818.57	61,921.84	62,713.36	63,598.93
Change (%)	-5.37%	-4.18%	-0.31%	-	+1.81%	+3.12%	+4.57%
Change	-3,264.01	-2,543.63	-186.78	-	+1,103.27	+1,894.79	+2,780.36
Level	Minor	Major	Intermediate	-	Minor	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58,549.40	59,590.60	61,332.85	62,374.05	64,116.30	65,157.50	66,899.75
Camarilla	62,309.66	62,564.81	62,819.96	63,075.11	63,330.26	63,585.41	63,840.56
Woodie	58,899.94	59,765.86	61,683.39	62,549.31	64,466.84	65,332.76	67,250.29
Fibonacci	59,590.60	60,653.88	61,310.77	62,374.05	63,437.33	64,094.22	65,157.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50,503.41	53,508.80	58,705.88	61,711.27	66,908.35	69,913.74	75,110.82
Camarilla	61,647.27	62,399.16	63,151.06	63,902.95	64,654.84	65,406.74	66,158.63
Woodie	51,599.25	54,056.72	59,801.72	62,259.19	68,004.19	70,461.66	76,206.66
Fibonacci	53,508.80	56,642.15	58,577.93	61,711.27	64,844.62	66,780.40	69,913.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	41,941.71	50,521.84	55,575.35	64,155.48	69,208.99	77,789.12	82,842.63
Camarilla	56,879.61	58,129.36	59,379.11	60,628.86	61,878.61	63,128.36	64,378.11
Woodie	40,178.40	49,640.19	53,812.04	63,273.83	67,445.68	76,907.47	81,079.32
Fibonacci	50,521.84	55,729.89	58,947.43	64,155.48	69,363.53	72,581.07	77,789.12

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):	42.33
MACD (12,26,9):	-233.3800
Directional Movement:	-4.51
AROON (14):	42.86
DEMA (21):	60,383.14
Parabolic SAR (0,02-0,02-0,2):	60,491.36
Elder Ray (13):	12.42
Super Trend (3,10):	61,233.30
Zig ZAG (10):	60,682.31
VORTEX (21):	0.9700
Stochastique (14,3,5):	54.62
TEMA (21):	60,540.45
Williams %R (14):	-39.39
Chande Momentum Oscillator (20):	37.58
Repulse (5,40,3):	0.3400
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	0.22

MA7:	62,628.07
MA20:	63,018.45
MA50:	65,627.42
MA100:	61,403.00
MAexp7:	60,632.51
MAexp20:	60,744.87
MAexp50:	61,327.24
MAexp100:	61,770.68
Price / MA7:	-2.89%
Price / MA20:	-3.49%
Price / MA50:	-7.33%
Price / MA100:	-0.95%
Price / MAexp7:	+0.31%
Price / MAexp20:	+0.12%
Price / MAexp50:	-0.83%
Price / MAexp100:	-1.54%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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