BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/11/2019 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 8,966.43 USD
My targets
9,179.87 USD (+1.74%)
9,320.43 USD (+3.29%)
My analysis
With a bullish background trend, the price of BITCOIN - BTC/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 8,966.43 USD. A bullish break in the resistance located at 9,179.87 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 9,320.43 USD. Then by extension. It would be safer to wait for a bullish break in the resistance located at 9,179.87 USD before allowing yourself to re trade long positions (at purchase) on BITCOIN - BTC/USD. PS: if there is a bearish break in the support located at 8,966.43 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
1.3
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 9,023.17 USD. The price registered a decrease of -0.18% on the session and was between 9,004.80 USD and 9,068.20 USD. This implies that the price is at +0.20% from its lowest and at -0.50% from its highest.9,004.80
9,068.20
9,023.17
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
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
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 | 7,432.72 | 8,220.01 | 8,675.10 | 9,023.17 | 9,070.66 | 9,250.53 | 9,476.52 |
| Change (%) | -17.63% | -8.90% | -3.86% | - | +0.53% | +2.52% | +5.02% |
| Change | -1,590.45 | -803.16 | -348.07 | - | +47.49 | +227.36 | +453.35 |
| Level | Major | Major | Intermediate | - | Minor | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,471.87 | 8,612.43 | 8,825.87 | 8,966.43 | 9,179.87 | 9,320.43 | 9,533.87 |
| Camarilla | 8,941.95 | 8,974.40 | 9,006.85 | 9,039.30 | 9,071.75 | 9,104.20 | 9,136.65 |
| Woodie | 8,508.30 | 8,630.65 | 8,862.30 | 8,984.65 | 9,216.30 | 9,338.65 | 9,570.30 |
| Fibonacci | 8,612.43 | 8,747.66 | 8,831.21 | 8,966.43 | 9,101.66 | 9,185.21 | 9,320.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,537.10 | 8,106.10 | 8,459.05 | 9,028.05 | 9,381.00 | 9,950.00 | 10,302.95 |
| Camarilla | 8,558.46 | 8,642.98 | 8,727.49 | 8,812.00 | 8,896.51 | 8,981.02 | 9,065.54 |
| Woodie | 7,429.08 | 8,052.09 | 8,351.03 | 8,974.04 | 9,272.98 | 9,895.99 | 10,194.93 |
| Fibonacci | 8,106.10 | 8,458.28 | 8,675.87 | 9,028.05 | 9,380.24 | 9,597.82 | 9,950.00 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.28 | |
| MACD (12,26,9): | -1.4300 | |
| Directional Movement: | -5.98 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 9,039.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,984.14 | |
| Elder Ray (13): | -17.21 | |
| Super Trend (3,10): | 9,055.22 | |
| Zig ZAG (10): | 9,024.14 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 18.79 | |
| TEMA (21): | 9,022.24 | |
| Williams %R (14): | -68.42 | |
| Chande Momentum Oscillator (20): | -19.18 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.30 |
| MA7: | 9,072.16 | |
| MA20: | 9,001.23 | |
| MA50: | 8,561.00 | |
| MA100: | 9,521.19 | |
| MAexp7: | 9,028.51 | |
| MAexp20: | 9,036.79 | |
| MAexp50: | 9,011.93 | |
| MAexp100: | 8,959.86 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | +5.40% | |
| Price / MA100: | -5.23% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | +0.12% | |
| Price / MAexp100: | +0.71% |
This member declared not having a position on this financial instrument or a related financial instrument.
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