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 05/11/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

11%

56%

33%

My opinion

Bearish under 61,486.08 USD

My targets

59,506.29 USD (-2.27%)

58,221.09 USD (-4.38%)

My analysis

In the short term, we can see an acceleration in the bearish trend on BITCOIN - BTC/USD, which is a positive signal for sellers. As long as the price remains above 61,486.08 USD, a sale could be considered. The first bearish objective is located at 59,506.29 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 58,221.09 USD as an objective. Crossing it would then enable sellers to target 56,241.30 USD. If the price were to return above 61,486.08 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

4.6

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 price is 60,890.47 USD. The price has increased by +0.16% since the last closing and was traded between 60,480.40 USD and 61,478.88 USD over the period. The price is currently at +0.68% from its lowest and -0.96% from its highest.

60,480.40

61,478.88

60,890.47

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

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 this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	58,871.34	59,614.96	60,631.79	60,890.47	61,778.00	62,770.63	64,518.34
Change (%)	-3.32%	-2.09%	-0.42%	-	+1.46%	+3.09%	+5.96%
Change	-2,019.13	-1,275.51	-258.68	-	+887.53	+1,880.16	+3,627.87
Level	Minor	Minor	Major	-	Minor	Major	Intermediate

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

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.20
MACD (12,26,9):	-33.0000
Directional Movement:	-6.48
AROON (14):	-21.43
DEMA (21):	60,947.86
Parabolic SAR (0,02-0,02-0,2):	61,115.23
Elder Ray (13):	-48.15
Super Trend (3,10):	60,841.46
Zig ZAG (10):	60,908.39
VORTEX (21):	0.9200
Stochastique (14,3,5):	36.81
TEMA (21):	60,895.59
Williams %R (14):	-65.18
Chande Momentum Oscillator (20):	-177.80
Repulse (5,40,3):	-0.0200
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.58

MA7:	62,214.96
MA20:	62,822.03
MA50:	65,571.81
MA100:	61,582.67
MAexp7:	60,935.78
MAexp20:	60,977.63
MAexp50:	60,981.78
MAexp100:	61,047.70
Price / MA7:	-2.13%
Price / MA20:	-3.07%
Price / MA50:	-7.14%
Price / MA100:	-1.12%
Price / MAexp7:	-0.07%
Price / MAexp20:	-0.14%
Price / MAexp50:	-0.15%
Price / MAexp100:	-0.26%

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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