MICRO BITCOIN ONLY1224

MBTCUSD1224

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	MBTCUSD1224
ISIN:	MBTZ4

MICRO BITCOIN ONLY1224 - 15 min. - Technical analysis published on 12/02/2024 (GMT)

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Timeframe : 15 min.
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MICRO BITCOIN ONLY1224 Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

39%

My opinion

Bullish above 96,802 USD

My targets

98,448 USD (+0.79%)

100,242 USD (+2.62%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on MICRO BITCOIN ONLY1224. This is a positive signal for buyers. As long as the price remains above 96,802 USD, a purchase could be considered. The first bullish objective is located at 98,448 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 100,242 USD as an objective. Crossing it would then enable buyers to target 102,118 USD. In the event of a return below 96,802 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

4.8

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 euletthomas.

Additional analysis

Quotes

The MICRO BITCOIN ONLY1224 rating is 97,680 USD. The price is lower by -0.70% since the last closing and was traded between 95,780 USD and 99,615 USD over the period. The price is currently at +1.98% from its lowest and -1.94% from its highest.

95,780

99,615

97,680

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on MICRO BITCOIN ONLY1224 were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 15 min. chart of MICRO BITCOIN ONLY1224 indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

In fact, 10 technical indicators on 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

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 15 minutes

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes

Doji

Type : Neutral

Timeframe : 15 minutes

Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	91,715	95,985	96,970	97,680	98,585	100,317	101,100
Change (%)	-6.11%	-1.74%	-0.73%	-	+0.93%	+2.70%	+3.50%
Change	-5,965	-1,695	-710	-	+905	+2,637	+3,420
Level	Minor	Intermediate	Intermediate	-	Minor	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92,902	94,778	96,572	98,448	100,242	102,118	103,912
Camarilla	97,356	97,692	98,029	98,365	98,701	99,038	99,374
Woodie	92,860	94,758	96,530	98,428	100,200	102,098	103,870
Fibonacci	94,778	96,180	97,046	98,448	99,850	100,716	102,118

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	84,668	88,192	93,278	96,802	101,888	105,412	110,498
Camarilla	95,997	96,787	97,576	98,365	99,154	99,944	100,733
Woodie	85,450	88,583	94,060	97,193	102,670	105,803	111,280
Fibonacci	88,192	91,481	93,513	96,802	100,091	102,123	105,412

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,510	55,575	76,970	89,035	110,430	122,495	143,890
Camarilla	89,164	92,231	95,298	98,365	101,432	104,499	107,567
Woodie	48,175	57,908	81,635	91,368	115,095	124,828	148,555
Fibonacci	55,575	68,357	76,253	89,035	101,817	109,713	122,495

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):	62.00
MACD (12,26,9):	420.0000
Directional Movement:	13
AROON (14):	93
DEMA (21):	97,818
Parabolic SAR (0,02-0,02-0,2):	97,613
Elder Ray (13):	546
Super Trend (3,10):	96,788
Zig ZAG (10):	97,830
VORTEX (21):	1.0000
Stochastique (14,3,5):	88.00
TEMA (21):	98,313
Williams %R (14):	-29.00
Chande Momentum Oscillator (20):	1,110
Repulse (5,40,3):	0.0000
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	3.00

MA7:	96,991
MA20:	90,824
MA50:	76,413
MA100:	69,697
MAexp7:	97,933
MAexp20:	97,413
MAexp50:	97,287
MAexp100:	97,493
Price / MA7:	+0.71%
Price / MA20:	+7.55%
Price / MA50:	+27.83%
Price / MA100:	+40.15%
Price / MAexp7:	-0.26%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.40%
Price / MAexp100:	+0.19%

Quotes : - 10 min delayed data - CME Globex Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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