BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 61,692.44 USD
My targets
64,548.55 USD (+2.36%)
66,193.28 USD (+4.97%)
My analysis
The basic bullish trend is very strong on BITCOIN - BTC/USD 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 61,692.44 USD. Crossing the first resistance at 64,548.55 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 66,193.28 USD as an objective. Crossing it would then enable buyers to target 69,049.39 USD. Caution, a return to below 61,692.44 USD 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5.2
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 63,058.74 USD. The price registered an increase of +0.25% on the session and was between 62,591.68 USD and 63,589.96 USD. This implies that the price is at +0.75% from its lowest and at -0.84% from its highest.62,591.68
63,589.96
63,058.74
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:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 58,871.34 | 61,279.96 | 62,413.94 | 63,058.74 | 63,945.67 | 64,738.57 | 67,554.70 |
Change (%) | -6.64% | -2.82% | -1.02% | - | +1.41% | +2.66% | +7.13% |
Change | -4,187.40 | -1,778.78 | -644.80 | - | +886.93 | +1,679.83 | +4,495.96 |
Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 55,546.87 | 57,191.60 | 60,047.71 | 61,692.44 | 64,548.55 | 66,193.28 | 69,049.39 |
Camarilla | 61,666.08 | 62,078.66 | 62,491.23 | 62,903.81 | 63,316.39 | 63,728.96 | 64,141.54 |
Woodie | 56,152.55 | 57,494.45 | 60,653.39 | 61,995.29 | 65,154.23 | 66,496.13 | 69,655.07 |
Fibonacci | 57,191.60 | 58,910.92 | 59,973.12 | 61,692.44 | 63,411.76 | 64,473.96 | 66,193.28 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 56,647.22 | 59,530.58 | 61,482.05 | 64,365.41 | 66,316.88 | 69,200.24 | 71,151.71 |
Camarilla | 62,103.94 | 62,547.14 | 62,990.33 | 63,433.52 | 63,876.71 | 64,319.91 | 64,763.10 |
Woodie | 56,181.28 | 59,297.61 | 61,016.11 | 64,132.44 | 65,850.94 | 68,967.27 | 70,685.77 |
Fibonacci | 59,530.58 | 61,377.49 | 62,518.51 | 64,365.41 | 66,212.32 | 67,353.34 | 69,200.24 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 41,941.71 | 50,521.84 | 55,575.35 | 64,155.48 | 69,208.99 | 77,789.12 | 82,842.63 |
Camarilla | 56,879.61 | 58,129.36 | 59,379.11 | 60,628.86 | 61,878.61 | 63,128.36 | 64,378.11 |
Woodie | 40,178.40 | 49,640.19 | 53,812.04 | 63,273.83 | 67,445.68 | 76,907.47 | 81,079.32 |
Fibonacci | 50,521.84 | 55,729.89 | 58,947.43 | 64,155.48 | 69,363.53 | 72,581.07 | 77,789.12 |
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): | 50.37 | |
MACD (12,26,9): | 61.6500 | |
Directional Movement: | 11.79 | |
AROON (14): | 35.71 | |
DEMA (21): | 63,112.81 | |
Parabolic SAR (0,02-0,02-0,2): | 63,473.21 | |
Elder Ray (13): | -57.86 | |
Super Trend (3,10): | 62,684.91 | |
Zig ZAG (10): | 63,006.61 | |
VORTEX (21): | 1.0900 | |
Stochastique (14,3,5): | 37.44 | |
TEMA (21): | 63,045.08 | |
Williams %R (14): | -76.12 | |
Chande Momentum Oscillator (20): | -196.37 | |
Repulse (5,40,3): | -0.0700 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 0.56 |
MA7: | 61,551.11 | |
MA20: | 63,293.60 | |
MA50: | 66,049.89 | |
MA100: | 60,196.96 | |
MAexp7: | 63,043.37 | |
MAexp20: | 63,015.22 | |
MAexp50: | 62,709.84 | |
MAexp100: | 61,953.22 | |
Price / MA7: | +2.45% | |
Price / MA20: | -0.37% | |
Price / MA50: | -4.53% | |
Price / MA100: | +4.75% | |
Price / MAexp7: | +0.02% | |
Price / MAexp20: | +0.07% | |
Price / MAexp50: | +0.56% | |
Price / MAexp100: | +1.78% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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