BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/01/2024 (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:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 63,817.98 USD
My targets
65,317.32 USD (+0.92%)
66,121.85 USD (+2.17%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for BITCOIN - BTC/USD as long as the price remains well above 63,817.98 USD. The buyers' bullish objective is set at 65,317.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 66,121.85 USD. If there is any crossing, the next objective would be the resistance located at 67,621.19 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 65,317.32 USD. On this resistance, against the trend traders who would like to go short on BITCOIN - BTC/USD with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
2.7
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 64,720.57 USD. The price registered an increase of +0.15% on the session with the lowest point at 62,250.93 USD and the highest point at 64,921.45 USD. The deviation from the price is +3.97% for the low point and -0.31% for the high point.62,250.93
64,921.45
64,720.57
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
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 slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
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 harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 58,274.94 | 63,442.00 | 64,413.06 | 64,720.57 | 65,910.80 | 66,814.63 | 67,554.70 |
| Change (%) | -9.96% | -1.98% | -0.48% | - | +1.84% | +3.24% | +4.38% |
| Change | -6,445.63 | -1,278.57 | -307.51 | - | +1,190.23 | +2,094.06 | +2,834.13 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 61,514.11 | 63,013.45 | 63,817.98 | 65,317.32 | 66,121.85 | 67,621.19 | 68,425.72 |
| Camarilla | 63,988.95 | 64,200.13 | 64,411.32 | 64,622.51 | 64,833.70 | 65,044.89 | 65,256.07 |
| Woodie | 61,166.71 | 62,839.75 | 63,470.58 | 65,143.62 | 65,774.45 | 67,447.49 | 68,078.32 |
| Fibonacci | 63,013.45 | 63,893.53 | 64,437.24 | 65,317.32 | 66,197.40 | 66,741.11 | 67,621.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58,453.74 | 60,947.87 | 64,424.25 | 66,918.38 | 70,394.76 | 72,888.89 | 76,365.27 |
| Camarilla | 66,258.74 | 66,806.04 | 67,353.33 | 67,900.63 | 68,447.93 | 68,995.22 | 69,542.52 |
| Woodie | 58,944.87 | 61,193.43 | 64,915.38 | 67,163.94 | 70,885.89 | 73,134.45 | 76,856.40 |
| Fibonacci | 60,947.87 | 63,228.61 | 64,637.65 | 66,918.38 | 69,199.12 | 70,608.16 | 72,888.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 39,070.71 | 46,337.18 | 55,479.85 | 62,746.32 | 71,888.99 | 79,155.46 | 88,298.13 |
| Camarilla | 60,110.00 | 61,614.17 | 63,118.34 | 64,622.51 | 66,126.68 | 67,630.85 | 69,135.02 |
| Woodie | 40,008.80 | 46,806.23 | 56,417.94 | 63,215.37 | 72,827.08 | 79,624.51 | 89,236.22 |
| Fibonacci | 46,337.18 | 52,605.48 | 56,478.03 | 62,746.32 | 69,014.62 | 72,887.17 | 79,155.46 |
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): | 56.53 | |
| MACD (12,26,9): | -76.4900 | |
| Directional Movement: | 5.37 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 63,166.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,833.83 | |
| Elder Ray (13): | 414.65 | |
| Super Trend (3,10): | 62,797.46 | |
| Zig ZAG (10): | 64,106.30 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 95.77 | |
| TEMA (21): | 63,377.77 | |
| Williams %R (14): | -7.25 | |
| Chande Momentum Oscillator (20): | 1,727.45 | |
| Repulse (5,40,3): | 1.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 2.08 |
| MA7: | 66,556.40 | |
| MA20: | 65,492.62 | |
| MA50: | 63,148.76 | |
| MA100: | 64,544.47 | |
| MAexp7: | 63,694.87 | |
| MAexp20: | 63,311.97 | |
| MAexp50: | 63,673.47 | |
| MAexp100: | 64,194.32 | |
| Price / MA7: | -2.76% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | +2.49% | |
| Price / MA100: | +0.27% | |
| Price / MAexp7: | +1.61% | |
| Price / MAexp20: | +2.22% | |
| Price / MAexp50: | +1.64% | |
| Price / MAexp100: | +0.82% |
Quotes :
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Real time data
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Cryptocompare
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