BITCOIN - BTC/USD - 15 min. - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 62,836.02 USD
My targets
64,838.32 USD (+0.27%)
66,164.83 USD (+2.32%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 62,836.02 USD, you could try to benefit from the boom. The first bullish objective is located at 64,838.32 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 66,164.83 USD as an objective. Crossing it would then enable buyers to target 68,167.13 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.7
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This analysis was given by stebetrade. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 64,666.52 USD. The price has increased by +1.82% since the last closing with the lowest point at 59,621.72 USD and the highest point at 65,186.14 USD. The deviation from the price is +8.46% for the low point and -0.80% for the high point.59,621.72
65,186.14
64,666.52
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 15 min. shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 15 minutes
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of 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 | 60,833.71 | 61,728.51 | 64,464.24 | 64,666.52 | 67,554.70 | 69,552.33 | 71,266.02 |
| Change (%) | -5.93% | -4.54% | -0.31% | - | +4.47% | +7.56% | +10.21% |
| Change | -3,832.81 | -2,938.01 | -202.28 | - | +2,888.18 | +4,885.81 | +6,599.50 |
| Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 58,180.70 | 59,507.21 | 61,509.51 | 62,836.02 | 64,838.32 | 66,164.83 | 68,167.13 |
| Camarilla | 62,596.40 | 62,901.54 | 63,206.68 | 63,511.82 | 63,816.96 | 64,122.10 | 64,427.24 |
| Woodie | 58,518.61 | 59,676.16 | 61,847.42 | 63,004.97 | 65,176.23 | 66,333.78 | 68,505.04 |
| Fibonacci | 59,507.21 | 60,778.81 | 61,564.41 | 62,836.02 | 64,107.62 | 64,893.22 | 66,164.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 48,657.10 | 55,217.92 | 59,613.98 | 66,174.80 | 70,570.86 | 77,131.68 | 81,527.74 |
| Camarilla | 60,996.91 | 62,001.29 | 63,005.67 | 64,010.05 | 65,014.43 | 66,018.81 | 67,023.19 |
| Woodie | 47,574.73 | 54,676.73 | 58,531.61 | 65,633.61 | 69,488.49 | 76,590.49 | 80,445.37 |
| Fibonacci | 55,217.92 | 59,403.45 | 61,989.27 | 66,174.80 | 70,360.33 | 72,946.15 | 77,131.68 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47,823.78 | 53,507.51 | 62,412.58 | 68,096.31 | 77,001.38 | 82,685.11 | 91,590.18 |
| Camarilla | 67,305.74 | 68,643.05 | 69,980.35 | 71,317.66 | 72,654.97 | 73,992.27 | 75,329.58 |
| Woodie | 49,434.46 | 54,312.85 | 64,023.26 | 68,901.65 | 78,612.06 | 83,490.45 | 93,200.86 |
| Fibonacci | 53,507.51 | 59,080.43 | 62,523.39 | 68,096.31 | 73,669.23 | 77,112.19 | 82,685.11 |
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): | 70.01 | |
| MACD (12,26,9): | 627.0400 | |
| Directional Movement: | 21.52 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 64,896.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 64,586.95 | |
| Elder Ray (13): | 577.22 | |
| Super Trend (3,10): | 63,773.81 | |
| Zig ZAG (10): | 64,874.25 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 82.26 | |
| TEMA (21): | 65,203.26 | |
| Williams %R (14): | -30.15 | |
| Chande Momentum Oscillator (20): | 442.15 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 5.83 |
| MA7: | 63,803.17 | |
| MA20: | 67,119.51 | |
| MA50: | 67,392.16 | |
| MA100: | 56,983.41 | |
| MAexp7: | 64,712.04 | |
| MAexp20: | 64,066.75 | |
| MAexp50: | 63,365.03 | |
| MAexp100: | 63,004.53 | |
| Price / MA7: | +1.35% | |
| Price / MA20: | -3.65% | |
| Price / MA50: | -4.04% | |
| Price / MA100: | +13.48% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.94% | |
| Price / MAexp50: | +2.05% | |
| Price / MAexp100: | +2.64% |
Quotes :
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Real time data
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Cryptocompare
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