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 05/18/2024 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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

50%

44%

My opinion

Bearish under 67,982.90 USD

My targets

66,553.46 USD (-0.50%)

65,623.30 USD (-1.89%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 67,982.90 USD. The sellers' bearish objective is set at 66,553.46 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 65,623.30 USD. In case of crossing, the next objective would be the support located at 64,193.86 USD.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.1

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 rating is 66,890.30 USD. On the day, this instrument lost -0.24% and was between 66,649.30 USD and 67,395.10 USD. This implies that the price is at +0.36% from its lowest and at -0.75% from its highest.

66,649.30

67,395.10

66,890.30

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

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 15 min. shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

White morning star

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	63,999.86	64,593.87	66,710.75	66,890.30	67,554.70	71,567.03
Change (%)	-4.32%	-3.43%	-0.27%	-	+0.99%	+6.99%
Change	-2,890.44	-2,296.43	-179.55	-	+664.40	+4,676.73
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63,263.70	64,193.86	65,623.30	66,553.46	67,982.90	68,913.06	70,342.50
Camarilla	66,403.86	66,620.16	66,836.45	67,052.75	67,269.05	67,485.34	67,701.64
Woodie	63,513.35	64,318.68	65,872.95	66,678.28	68,232.55	69,037.88	70,592.15
Fibonacci	64,193.86	65,095.22	65,652.09	66,553.46	67,454.82	68,011.69	68,913.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,541.40	56,871.14	58,841.06	62,170.80	64,140.72	67,470.46	69,440.38
Camarilla	59,353.57	59,839.38	60,325.18	60,810.98	61,296.78	61,782.58	62,268.39
Woodie	52,861.49	56,531.19	58,161.15	61,830.85	63,460.81	67,130.51	68,760.47
Fibonacci	56,871.14	58,895.61	60,146.33	62,170.80	64,195.27	65,445.99	67,470.46

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):	47.82
MACD (12,26,9):	-41.6000
Directional Movement:	-8.04
AROON (14):	-42.86
DEMA (21):	66,887.31
Parabolic SAR (0,02-0,02-0,2):	66,696.32
Elder Ray (13):	-7.06
Super Trend (3,10):	67,269.62
Zig ZAG (10):	66,930.19
VORTEX (21):	0.9700
Stochastique (14,3,5):	60.22
TEMA (21):	66,855.92
Williams %R (14):	-32.51
Chande Momentum Oscillator (20):	24.79
Repulse (5,40,3):	0.1100
ROCnROLL:	-1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.41

MA7:	64,491.10
MA20:	62,770.78
MA50:	64,973.20
MA100:	63,054.23
MAexp7:	66,916.76
MAexp20:	66,940.43
MAexp50:	66,964.24
MAexp100:	66,853.26
Price / MA7:	+3.72%
Price / MA20:	+6.56%
Price / MA50:	+2.95%
Price / MA100:	+6.08%
Price / MAexp7:	-0.04%
Price / MAexp20:	-0.07%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.06%

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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