MICRO BITCOIN ONLY1124 - 15 min. - Technical analysis published on 11/26/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
MICRO BITCOIN ONLY1124 Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
61%
33%
My opinion
Bearish under 95,927 USD
My targets
92,568 USD (-0.31%)
91,350 USD (-1.63%)
My analysis
MICRO BITCOIN ONLY1124 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 95,927 USD. The next support located at 92,568 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 91,350 USD. Below this support, sellers could then target 90,192 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by euletthomas.
Additional analysis
Quotes
The MICRO BITCOIN ONLY1124 price is 92,860 USD. The price is lower by -2.20% since the last closing with the lowest point at 92,540 USD and the highest point at 95,225 USD. The deviation from the price is +0.35% for the low point and -2.48% for the high point.92,540
95,225
92,860
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of MICRO BITCOIN ONLY1124 in 15 min. shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bearish. 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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 86,970 | 89,785 | 92,362 | 92,860 | 94,703 | 97,125 | 98,425 |
| Change (%) | -6.34% | -3.31% | -0.54% | - | +1.98% | +4.59% | +5.99% |
| Change | -5,890 | -3,075 | -498 | - | +1,843 | +4,265 | +5,565 |
| Level | Intermediate | Minor | 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 | 86,833 | 90,192 | 92,568 | 95,927 | 98,303 | 101,662 | 104,038 |
| Camarilla | 93,368 | 93,894 | 94,419 | 94,945 | 95,471 | 95,996 | 96,522 |
| Woodie | 86,343 | 89,946 | 92,078 | 95,681 | 97,813 | 101,416 | 103,548 |
| Fibonacci | 90,192 | 92,382 | 93,736 | 95,927 | 98,117 | 99,471 | 101,662 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82,338 | 86,032 | 92,758 | 96,452 | 103,178 | 106,872 | 113,598 |
| Camarilla | 96,620 | 97,575 | 98,530 | 99,485 | 100,440 | 101,395 | 102,351 |
| Woodie | 83,855 | 86,790 | 94,275 | 97,210 | 104,695 | 107,630 | 115,115 |
| Fibonacci | 86,032 | 90,012 | 92,471 | 96,452 | 100,432 | 102,891 | 106,872 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46,260 | 52,850 | 61,290 | 67,880 | 76,320 | 82,910 | 91,350 |
| Camarilla | 65,597 | 66,975 | 68,352 | 69,730 | 71,108 | 72,486 | 73,863 |
| Woodie | 47,185 | 53,313 | 62,215 | 68,343 | 77,245 | 83,373 | 92,275 |
| Fibonacci | 52,850 | 58,591 | 62,139 | 67,880 | 73,621 | 77,169 | 82,910 |
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): | 35.00 | |
| MACD (12,26,9): | -142.0000 | |
| Directional Movement: | -12 | |
| AROON (14): | -29 | |
| DEMA (21): | 94,338 | |
| Parabolic SAR (0,02-0,02-0,2): | 95,087 | |
| Elder Ray (13): | -531 | |
| Super Trend (3,10): | 94,994 | |
| Zig ZAG (10): | 94,130 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 12.00 | |
| TEMA (21): | 94,201 | |
| Williams %R (14): | -91.00 | |
| Chande Momentum Oscillator (20): | -975 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.00 |
| MA7: | 95,257 | |
| MA20: | 84,826 | |
| MA50: | 73,213 | |
| MA100: | 67,760 | |
| MAexp7: | 94,125 | |
| MAexp20: | 94,499 | |
| MAexp50: | 94,866 | |
| MAexp100: | 95,688 | |
| Price / MA7: | -2.52% | |
| Price / MA20: | +9.47% | |
| Price / MA50: | +26.84% | |
| Price / MA100: | +37.04% | |
| Price / MAexp7: | -1.34% | |
| Price / MAexp20: | -1.73% | |
| Price / MAexp50: | -2.11% | |
| Price / MAexp100: | -2.96% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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