BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/22/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 9,718.24 USD
My targets
10,260.03 USD (+1.19%)
10,674.40 USD (+5.28%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the support located at 9,718.24 USD remains possible. It is advisable to trade Bitcoin - BTC/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9,718.24 USD. The next bullish objective for buyers is set at 10,260.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,674.40 USD. If there is any crossing, the next objective would be the resistance located at 11,216.19 USD. PS: if there is a bearish break in the support located at 9,718.24 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
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This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin - BTC/USD rating 10,139.06 USD. The price registered an increase of +0.06% on the session and was between 9,759.08 USD and 10,234.29 USD. This implies that the price is at +3.89% from its lowest and at -0.93% from its highest.9,759.08
10,234.29
10,139.06
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by Bitcoin - BTC/USD:
Technical
A technical analysis in 15 min. of this Bitcoin - BTC/USD chart shows a bullish trend. The signals given by moving averages are 75% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bearish trend
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
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:
Horizontal support is broken
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 9,419.45 | 9,845.65 | 9,977.75 | 10,139.06 | 10,146.60 | 10,266.60 | 10,638.40 |
Change (%) | -7.10% | -2.89% | -1.59% | - | +0.07% | +1.26% | +4.92% |
Change | -719.61 | -293.41 | -161.31 | - | +7.54 | +127.54 | +499.34 |
Level | Major | Intermediate | Intermediate | - | Minor | 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 | 8,762.08 | 9,303.87 | 9,718.24 | 10,260.03 | 10,674.40 | 11,216.19 | 11,630.56 |
Camarilla | 9,869.68 | 9,957.32 | 10,044.97 | 10,132.62 | 10,220.27 | 10,307.92 | 10,395.56 |
Woodie | 8,698.38 | 9,272.02 | 9,654.54 | 10,228.18 | 10,610.70 | 11,184.33 | 11,566.86 |
Fibonacci | 9,303.87 | 9,669.12 | 9,894.77 | 10,260.03 | 10,625.28 | 10,850.93 | 11,216.19 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7,155.07 | 8,314.89 | 9,263.76 | 10,423.58 | 11,372.45 | 12,532.27 | 13,481.14 |
Camarilla | 9,632.74 | 9,826.04 | 10,019.33 | 10,212.63 | 10,405.93 | 10,599.22 | 10,792.52 |
Woodie | 7,049.60 | 8,262.15 | 9,158.28 | 10,370.84 | 11,266.98 | 12,479.53 | 13,375.67 |
Fibonacci | 8,314.89 | 9,120.41 | 9,618.06 | 10,423.58 | 11,229.10 | 11,726.75 | 12,532.27 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 4,250.45 | 6,661.92 | 8,373.96 | 10,785.43 | 12,497.47 | 14,908.94 | 16,620.98 |
Camarilla | 8,952.03 | 9,330.02 | 9,708.01 | 10,086.00 | 10,463.99 | 10,841.98 | 11,219.97 |
Woodie | 3,900.73 | 6,487.06 | 8,024.25 | 10,610.57 | 12,147.76 | 14,734.08 | 16,271.27 |
Fibonacci | 6,661.92 | 8,237.10 | 9,210.25 | 10,785.43 | 12,360.61 | 13,333.76 | 14,908.94 |
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): | 50.09 | |
MACD (12,26,9): | 17.2700 | |
Directional Movement: | 3.51 | |
AROON (14): | -85.71 | |
DEMA (21): | 10,187.15 | |
Parabolic SAR (0,02-0,02-0,2): | 10,228.19 | |
Elder Ray (13): | 4.50 | |
Super Trend (3,10): | 10,088.92 | |
Zig ZAG (10): | 10,177.02 | |
VORTEX (21): | 1.1000 | |
Stochastique (14,3,5): | 44.41 | |
TEMA (21): | 10,195.17 | |
Williams %R (14): | -93.55 | |
Chande Momentum Oscillator (20): | -58.32 | |
Repulse (5,40,3): | -0.7300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 0.63 |
MA7: | 10,406.41 | |
MA20: | 10,954.75 | |
MA50: | 10,738.49 | |
MA100: | 9,903.58 | |
MAexp7: | 10,175.28 | |
MAexp20: | 10,159.78 | |
MAexp50: | 10,114.35 | |
MAexp100: | 10,102.65 | |
Price / MA7: | -2.57% | |
Price / MA20: | -7.45% | |
Price / MA50: | -5.58% | |
Price / MA100: | +2.38% | |
Price / MAexp7: | -0.36% | |
Price / MAexp20: | -0.20% | |
Price / MAexp50: | +0.24% | |
Price / MAexp100: | +0.36% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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