BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/11/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
11%
33%
56%
My opinion
Bearish under 61,486.08 USD
My targets
59,506.29 USD (-2.15%)
58,221.09 USD (-4.27%)
My analysis
There is a bearish trend on BITCOIN - BTC/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 61,486.08 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 59,506.29 USD. Then the price could move towards 58,221.09 USD. Then 56,241.30 USD by extension. Be careful, a return to above the resistance 61,486.08 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 60,815.95 USD. On the day, this instrument gained +0.04% and was traded between 60,639.53 USD and 61,074.17 USD over the period. The price is currently at +0.29% from its lowest and -0.42% from its highest.60,639.53
61,074.17
60,815.95
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 2 are bullish, 10 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,871.34 | 59,614.96 | 60,631.79 | 60,815.95 | 61,778.00 | 62,770.63 | 64,518.34 |
| Change (%) | -3.20% | -1.97% | -0.30% | - | +1.58% | +3.21% | +6.09% |
| Change | -1,944.61 | -1,200.99 | -184.16 | - | +962.05 | +1,954.68 | +3,702.39 |
| Level | Minor | Minor | Major | - | Minor | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56,241.30 | 58,221.09 | 59,506.29 | 61,486.08 | 62,771.28 | 64,751.07 | 66,036.27 |
| Camarilla | 59,893.62 | 60,192.91 | 60,492.20 | 60,791.49 | 61,090.78 | 61,390.07 | 61,689.36 |
| Woodie | 55,894.01 | 58,047.44 | 59,159.00 | 61,312.43 | 62,423.99 | 64,577.42 | 65,688.98 |
| Fibonacci | 58,221.09 | 59,468.32 | 60,238.85 | 61,486.08 | 62,733.31 | 63,503.84 | 64,751.07 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.92 | |
| MACD (12,26,9): | -14.0200 | |
| Directional Movement: | 2.20 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 60,835.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 60,921.38 | |
| Elder Ray (13): | 16.92 | |
| Super Trend (3,10): | 61,031.86 | |
| Zig ZAG (10): | 60,852.20 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 35.56 | |
| TEMA (21): | 60,826.34 | |
| Williams %R (14): | -57.51 | |
| Chande Momentum Oscillator (20): | -54.99 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.35 |
| MA7: | 62,204.77 | |
| MA20: | 62,818.91 | |
| MA50: | 65,571.23 | |
| MA100: | 61,582.09 | |
| MAexp7: | 60,824.32 | |
| MAexp20: | 60,848.00 | |
| MAexp50: | 60,924.04 | |
| MAexp100: | 61,197.53 | |
| Price / MA7: | -2.23% | |
| Price / MA20: | -3.19% | |
| Price / MA50: | -7.25% | |
| Price / MA100: | -1.24% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.62% |
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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