BITCOIN - BTC/USD - 15 min. - Technical analysis published on 07/23/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 67,554.29 USD
My targets
65,662.24 USD (-0.25%)
64,723.29 USD (-1.67%)
My analysis
BITCOIN - BTC/USD 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 67,554.29 USD. The next support located at 65,662.24 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 64,723.29 USD. Below this support, sellers could then target 62,803.66 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.9
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 65,824.83 USD. The price registered a decrease of -2.58% on the session with the lowest point at 65,780.01 USD and the highest point at 67,726.26 USD. The deviation from the price is +0.07% for the low point and -2.81% for the high point.65,780.01
67,726.26
65,824.83
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a bearish signal.
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
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,274.94 | 62,803.66 | 65,060.45 | 65,824.83 | 66,622.61 | 67,554.70 | 68,493.24 |
| Change (%) | -11.47% | -4.59% | -1.16% | - | +1.21% | +2.63% | +4.05% |
| Change | -7,549.89 | -3,021.17 | -764.38 | - | +797.78 | +1,729.87 | +2,668.41 |
| Level | Major | Major | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64,723.29 | 65,662.24 | 66,615.34 | 67,554.29 | 68,507.39 | 69,446.34 | 70,399.44 |
| Camarilla | 67,048.13 | 67,221.56 | 67,395.00 | 67,568.44 | 67,741.88 | 67,915.32 | 68,088.75 |
| Woodie | 64,730.37 | 65,665.78 | 66,622.42 | 67,557.83 | 68,514.47 | 69,449.88 | 70,406.52 |
| Fibonacci | 65,662.24 | 66,385.00 | 66,831.53 | 67,554.29 | 68,277.05 | 68,723.58 | 69,446.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,438.30 | 56,366.54 | 61,764.97 | 64,693.21 | 70,091.64 | 73,019.88 | 78,418.31 |
| Camarilla | 64,873.57 | 65,636.84 | 66,400.12 | 67,163.40 | 67,926.68 | 68,689.96 | 69,453.23 |
| Woodie | 54,673.40 | 56,984.09 | 63,000.07 | 65,310.76 | 71,326.74 | 73,637.43 | 79,653.41 |
| Fibonacci | 56,366.54 | 59,547.33 | 61,512.42 | 64,693.21 | 67,874.00 | 69,839.09 | 73,019.88 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 43,402.24 | 50,954.73 | 56,820.38 | 64,372.87 | 70,238.52 | 77,791.01 | 83,656.66 |
| Camarilla | 58,996.03 | 60,226.03 | 61,456.02 | 62,686.02 | 63,916.02 | 65,146.01 | 66,376.01 |
| Woodie | 42,558.81 | 50,533.02 | 55,976.95 | 63,951.16 | 69,395.09 | 77,369.30 | 82,813.23 |
| Fibonacci | 50,954.73 | 56,080.46 | 59,247.14 | 64,372.87 | 69,498.60 | 72,665.28 | 77,791.01 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 35.96 | |
| MACD (12,26,9): | -202.7600 | |
| Directional Movement: | -19.55 | |
| AROON (14): | -71.42 | |
| DEMA (21): | 66,165.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 67,101.48 | |
| Elder Ray (13): | -365.08 | |
| Super Trend (3,10): | 66,845.56 | |
| Zig ZAG (10): | 65,896.37 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 11.85 | |
| TEMA (21): | 66,063.45 | |
| Williams %R (14): | -91.08 | |
| Chande Momentum Oscillator (20): | -1,402.59 | |
| Repulse (5,40,3): | -0.3100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.37 |
| MA7: | 66,228.53 | |
| MA20: | 61,452.42 | |
| MA50: | 63,737.01 | |
| MA100: | 64,369.88 | |
| MAexp7: | 66,121.69 | |
| MAexp20: | 66,393.02 | |
| MAexp50: | 66,657.00 | |
| MAexp100: | 66,899.85 | |
| Price / MA7: | -0.61% | |
| Price / MA20: | +7.12% | |
| Price / MA50: | +3.28% | |
| Price / MA100: | +2.26% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.86% | |
| Price / MAexp50: | -1.25% | |
| Price / MAexp100: | -1.61% |
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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