BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/23/2020 (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
33%
33%
33%
My opinion
Bullish above 5,994.43 USD
My targets
6,673.63 USD (+5.90%)
6,927.36 USD (+9.93%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 5,994.43 USD, you could try to benefit from the boom. The first bullish objective is located at 6,673.63 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6,927.36 USD as an objective. Crossing it would then enable buyers to target 6,935.10 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 are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
6.1
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This analysis was given by a1td. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 6,301.76 USD. The price has increased by +8.23% since the last closing with the lowest point at 5,694.08 USD and the highest point at 6,634.63 USD. The deviation from the price is +10.67% for the low point and -5.02% for the high point.5,694.08
6,634.63
6,301.76
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
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 BITCOIN - BTC/USD in 15 min. shows a strongly overall bullish trend. 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 detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,068.73 | 5,568.51 | 5,875.21 | 6,301.76 | 6,428.30 | 6,935.10 | 7,423.21 |
| Change (%) | -19.57% | -11.64% | -6.77% | - | +2.01% | +10.05% | +17.80% |
| Change | -1,233.03 | -733.25 | -426.55 | - | +126.54 | +633.34 | +1,121.45 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,889.76 | 5,315.23 | 5,568.96 | 5,994.43 | 6,248.16 | 6,673.63 | 6,927.36 |
| Camarilla | 5,635.91 | 5,698.17 | 5,760.43 | 5,822.69 | 5,884.95 | 5,947.21 | 6,009.47 |
| Woodie | 4,803.89 | 5,272.30 | 5,483.09 | 5,951.50 | 6,162.29 | 6,630.70 | 6,841.49 |
| Fibonacci | 5,315.23 | 5,574.69 | 5,734.98 | 5,994.43 | 6,253.88 | 6,414.18 | 6,673.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,270.30 | 3,352.82 | 4,770.06 | 5,852.58 | 7,269.82 | 8,352.34 | 9,769.58 |
| Camarilla | 5,499.87 | 5,729.01 | 5,958.16 | 6,187.30 | 6,416.45 | 6,645.59 | 6,874.73 |
| Woodie | 2,437.66 | 3,436.50 | 4,937.42 | 5,936.26 | 7,437.18 | 8,436.02 | 9,936.94 |
| Fibonacci | 3,352.82 | 4,307.73 | 4,897.67 | 5,852.58 | 6,807.49 | 7,397.43 | 8,352.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,742.50 | 7,090.90 | 7,809.00 | 9,157.40 | 9,875.50 | 11,223.90 | 11,942.00 |
| Camarilla | 7,958.81 | 8,148.24 | 8,337.67 | 8,527.10 | 8,716.53 | 8,905.96 | 9,095.39 |
| Woodie | 5,427.35 | 6,933.33 | 7,493.85 | 8,999.83 | 9,560.35 | 11,066.33 | 11,626.85 |
| Fibonacci | 7,090.90 | 7,880.30 | 8,368.00 | 9,157.40 | 9,946.80 | 10,434.50 | 11,223.90 |
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): | 57.49 | |
| MACD (12,26,9): | 40.9400 | |
| Directional Movement: | 9.30 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 6,339.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 6,443.28 | |
| Elder Ray (13): | 19.61 | |
| Super Trend (3,10): | 6,157.19 | |
| Zig ZAG (10): | 6,307.40 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 30.13 | |
| TEMA (21): | 6,311.18 | |
| Williams %R (14): | -66.23 | |
| Chande Momentum Oscillator (20): | -107.78 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 0.76 |
| MA7: | 5,922.95 | |
| MA20: | 6,757.27 | |
| MA50: | 8,443.40 | |
| MA100: | 8,224.93 | |
| MAexp7: | 6,298.57 | |
| MAexp20: | 6,271.81 | |
| MAexp50: | 6,171.93 | |
| MAexp100: | 6,107.76 | |
| Price / MA7: | +6.40% | |
| Price / MA20: | -6.74% | |
| Price / MA50: | -25.36% | |
| Price / MA100: | -23.38% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.48% | |
| Price / MAexp50: | +2.10% | |
| Price / MAexp100: | +3.18% |
This member declared not having a position on this financial instrument or a related financial instrument.
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