BITCOIN - BTC/USDT

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 12/13/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 100,628.36 USDT

My targets

101,881.68 USDT (+0.75%)

103,722.56 USDT (+2.57%)

My analysis

BITCOIN - BTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 100,628.36 USDT. The next resistance located at 101,881.68 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 103,722.56 USDT. After this resistance, buyers could then target 104,975.88 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.3

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 Trillion. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 101,123.42 USDT. The price has increased by +1.08% since the last closing and was traded between 99,210.70 USDT and 101,350.97 USDT over the period. The price is currently at +1.93% from its lowest and -0.22% from its highest.

99,210.70

101,350.97

101,123.42

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

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

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USDT in 15 min. shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : 15 minutes

In fact, 13 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes

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 a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	97,516.15	98,892.34	100,445.85	101,123.42	101,863.62	103,880.28
Change (%)	-3.57%	-2.21%	-0.67%	-	+0.73%	+2.73%
Change	-3,607.27	-2,231.08	-677.57	-	+740.20	+2,756.86
Level	Minor	Major	Intermediate	-	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	95,693.28	97,534.16	98,787.48	100,628.36	101,881.68	103,722.56	104,975.88
Camarilla	99,189.89	99,473.52	99,757.16	100,040.79	100,324.43	100,608.06	100,891.70
Woodie	95,399.49	97,387.27	98,493.69	100,481.47	101,587.89	103,575.67	104,682.09
Fibonacci	97,534.16	98,716.15	99,446.38	100,628.36	101,810.35	102,540.58	103,722.56

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82,699.79	87,744.94	93,789.99	98,835.14	104,880.19	109,925.34	115,970.39
Camarilla	96,785.25	97,801.85	98,818.45	99,835.05	100,851.65	101,868.25	102,884.86
Woodie	83,199.75	87,994.92	94,289.95	99,085.12	105,380.15	110,175.32	116,470.35
Fibonacci	87,744.94	91,981.39	94,598.68	98,835.14	103,071.59	105,688.88	109,925.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,876.05	54,855.29	75,633.98	87,613.22	108,391.91	120,371.15	141,149.84
Camarilla	87,404.24	90,407.05	93,409.86	96,412.67	99,415.48	102,418.29	105,421.10
Woodie	47,275.78	57,055.15	80,033.71	89,813.08	112,791.64	122,571.01	145,549.57
Fibonacci	54,855.29	67,368.82	75,099.69	87,613.22	100,126.75	107,857.62	120,371.15

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):	56.52
MACD (12,26,9):	130.7100
Directional Movement:	10.28
AROON (14):	-14.29
DEMA (21):	100,737.54
Parabolic SAR (0,02-0,02-0,2):	99,838.25
Elder Ray (13):	285.69
Super Trend (3,10):	101,030.00
Zig ZAG (10):	100,987.77
VORTEX (21):	1.0400
Stochastique (14,3,5):	68.82
TEMA (21):	100,795.93
Williams %R (14):	-23.58
Chande Momentum Oscillator (20):	607.92
Repulse (5,40,3):	0.3400
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.89

MA7:	99,575.03
MA20:	97,467.17
MA50:	87,280.58
MA100:	74,895.80
MAexp7:	100,706.07
MAexp20:	100,562.75
MAexp50:	100,378.44
MAexp100:	100,288.77
Price / MA7:	+1.55%
Price / MA20:	+3.75%
Price / MA50:	+15.86%
Price / MA100:	+35.02%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.56%
Price / MAexp50:	+0.74%
Price / MAexp100:	+0.83%

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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