BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
50%
22%
My opinion
Bullish above 60,087.97 USDT
My targets
61,876.72 USDT (+1.74%)
65,428.25 USDT (+7.58%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 60,087.97 USDT. Crossing the first resistance at 61,876.72 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 65,428.25 USDT as an objective. Crossing it would then enable buyers to target 68,189.56 USDT. Caution, a return to below 60,087.97 USDT would be a sign of a consolidation phase in the short-term basic trend. 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.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.6
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 60,817.13 USDT. The price has increased by +2.32% since the last closing with the lowest point at 59,364.32 USDT and the highest point at 61,395.34 USDT. The deviation from the price is +2.45% for the low point and -0.94% for the high point.59,364.32
61,395.34
60,817.13
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/USDT:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
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:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Aroon indicator bearish trend
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 59,388.57 | 59,834.97 | 60,260.20 | 60,817.13 | 61,769.92 | 65,428.25 | 68,189.56 |
| Change (%) | -2.35% | -1.61% | -0.92% | - | +1.57% | +7.58% | +12.12% |
| Change | -1,428.56 | -982.16 | -556.93 | - | +952.79 | +4,611.12 | +7,372.43 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | 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 | 56,510.47 | 57,159.82 | 58,299.22 | 58,948.57 | 60,087.97 | 60,737.32 | 61,876.72 |
| Camarilla | 58,946.70 | 59,110.67 | 59,274.64 | 59,438.61 | 59,602.58 | 59,766.55 | 59,930.52 |
| Woodie | 56,755.49 | 57,282.33 | 58,544.24 | 59,071.08 | 60,332.99 | 60,859.83 | 62,121.74 |
| Fibonacci | 57,159.82 | 57,843.13 | 58,265.27 | 58,948.57 | 59,631.88 | 60,054.02 | 60,737.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51,636.90 | 54,127.35 | 56,810.25 | 59,300.70 | 61,983.60 | 64,474.05 | 67,156.95 |
| Camarilla | 58,070.47 | 58,544.69 | 59,018.92 | 59,493.14 | 59,967.36 | 60,441.59 | 60,915.81 |
| Woodie | 51,733.12 | 54,175.46 | 56,906.47 | 59,348.81 | 62,079.82 | 64,522.16 | 67,253.17 |
| Fibonacci | 54,127.35 | 56,103.57 | 57,324.48 | 59,300.70 | 61,276.92 | 62,497.83 | 64,474.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,554.59 | 46,729.04 | 55,679.60 | 62,854.05 | 71,804.61 | 78,979.06 | 87,929.62 |
| Camarilla | 60,195.78 | 61,673.91 | 63,152.03 | 64,630.16 | 66,108.29 | 67,586.41 | 69,064.54 |
| Woodie | 40,442.65 | 47,173.07 | 56,567.66 | 63,298.08 | 72,692.67 | 79,423.09 | 88,817.68 |
| Fibonacci | 46,729.04 | 52,888.79 | 56,694.30 | 62,854.05 | 69,013.80 | 72,819.31 | 78,979.06 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.71 | |
| MACD (12,26,9): | 139.3700 | |
| Directional Movement: | 13.29 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 61,027.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 61,102.80 | |
| Elder Ray (13): | -117.66 | |
| Super Trend (3,10): | 60,512.69 | |
| Zig ZAG (10): | 60,758.07 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 6.08 | |
| TEMA (21): | 60,886.62 | |
| Williams %R (14): | -89.57 | |
| Chande Momentum Oscillator (20): | -298.05 | |
| Repulse (5,40,3): | -0.1100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.17 |
| MA7: | 59,039.16 | |
| MA20: | 59,308.15 | |
| MA50: | 61,402.93 | |
| MA100: | 63,937.88 | |
| MAexp7: | 60,829.57 | |
| MAexp20: | 60,786.65 | |
| MAexp50: | 60,317.50 | |
| MAexp100: | 59,822.46 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | +2.54% | |
| Price / MA50: | -0.95% | |
| Price / MA100: | -4.88% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.66% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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