BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/05/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 9,233.65 USD
My targets
9,326.26 USD (+0.11%)
9,476.52 USD (+1.72%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 9,233.65 USD, you could try to benefit from the boom. The first bullish objective is located at 9,326.26 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9,476.52 USD as an objective. Crossing it would then enable buyers to target 9,945.31 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.1
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This analysis was given by MK. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 9,316.44 USD. The price registered a decrease of -1.02% on the session and was traded between 9,181.27 USD and 9,481.60 USD over the period. The price is currently at +1.47% from its lowest and -1.74% from its highest.9,181.27
9,481.60
9,316.44
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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 this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,951.00 | 9,072.99 | 9,246.31 | 9,316.44 | 9,476.52 | 9,945.31 | 10,594.50 |
| Change (%) | -3.92% | -2.61% | -0.75% | - | +1.72% | +6.75% | +13.72% |
| Change | -365.44 | -243.45 | -70.13 | - | +160.08 | +628.87 | +1,278.06 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,048.43 | 9,087.12 | 9,141.04 | 9,179.73 | 9,233.65 | 9,272.34 | 9,326.26 |
| Camarilla | 9,169.48 | 9,177.97 | 9,186.46 | 9,194.95 | 9,203.44 | 9,211.93 | 9,220.42 |
| Woodie | 9,056.04 | 9,090.93 | 9,148.65 | 9,183.54 | 9,241.26 | 9,276.15 | 9,333.86 |
| Fibonacci | 9,087.12 | 9,122.50 | 9,144.36 | 9,179.73 | 9,215.11 | 9,236.97 | 9,272.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,862.49 | 8,406.75 | 8,856.80 | 9,401.06 | 9,851.11 | 10,395.37 | 10,845.42 |
| Camarilla | 9,033.43 | 9,124.57 | 9,215.72 | 9,306.86 | 9,398.01 | 9,489.15 | 9,580.30 |
| Woodie | 7,815.40 | 8,383.20 | 8,809.71 | 9,377.51 | 9,804.02 | 10,371.82 | 10,798.33 |
| Fibonacci | 8,406.75 | 8,786.57 | 9,021.23 | 9,401.06 | 9,780.88 | 10,015.54 | 10,395.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,216.82 | 5,757.51 | 7,454.83 | 8,995.52 | 10,692.84 | 12,233.53 | 13,930.86 |
| Camarilla | 8,261.71 | 8,558.53 | 8,855.34 | 9,152.16 | 9,448.98 | 9,745.80 | 10,042.61 |
| Woodie | 4,295.15 | 5,796.67 | 7,533.16 | 9,034.68 | 10,771.17 | 12,272.69 | 14,009.18 |
| Fibonacci | 5,757.51 | 6,994.43 | 7,758.60 | 8,995.52 | 10,232.44 | 10,996.61 | 12,233.53 |
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): | 58.97 | |
| MACD (12,26,9): | 25.4300 | |
| Directional Movement: | 14.45 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 9,317.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,277.86 | |
| Elder Ray (13): | 4.22 | |
| Super Trend (3,10): | 9,252.95 | |
| Zig ZAG (10): | 9,301.63 | |
| VORTEX (21): | 1.1800 | |
| Stochastique (14,3,5): | 44.90 | |
| TEMA (21): | 9,320.30 | |
| Williams %R (14): | -49.11 | |
| Chande Momentum Oscillator (20): | 26.47 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.88 |
| MA7: | 9,227.67 | |
| MA20: | 8,703.53 | |
| MA50: | 8,688.36 | |
| MA100: | 9,586.19 | |
| MAexp7: | 9,308.90 | |
| MAexp20: | 9,281.94 | |
| MAexp50: | 9,241.92 | |
| MAexp100: | 9,223.62 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +7.04% | |
| Price / MA50: | +7.23% | |
| Price / MA100: | -2.81% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.81% | |
| Price / MAexp100: | +1.01% |
This member declared not having a position on this financial instrument or a related financial instrument.
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