BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
67%
6%
28%
My opinion
Neutral between 58,975.00 USD and 60,111.30 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on BITCOIN - BTC/USD. It is difficult to advise a trading direction under these conditions. The first support is located at 58,975.00 USD. The first resistance is located at 60,111.30 USD. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by Yuvas06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 59,607.71 USD. The price has increased by +0.24% since the last closing and was between 58,598.85 USD and 61,417.05 USD. This implies that the price is at +1.72% from its lowest and at -2.95% from its highest.58,598.85
61,417.05
59,607.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bearish. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. 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 adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
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 | 58,852.24 | 59,405.75 | 59,607.71 | 60,257.08 | 61,319.86 | 61,777.83 |
| Change (%) | -2.24% | -1.27% | -0.34% | - | +1.09% | +2.87% | +3.64% |
| Change | -1,332.77 | -755.47 | -201.96 | - | +649.37 | +1,712.15 | +2,170.12 |
| Level | Major | Minor | Minor | - | Major | Minor | Major |
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 | 56,551.96 | 57,195.33 | 58,331.63 | 58,975.00 | 60,111.30 | 60,754.67 | 61,890.97 |
| Camarilla | 58,978.52 | 59,141.66 | 59,304.79 | 59,467.93 | 59,631.07 | 59,794.20 | 59,957.34 |
| Woodie | 56,798.43 | 57,318.56 | 58,578.10 | 59,098.23 | 60,357.77 | 60,877.90 | 62,137.44 |
| Fibonacci | 57,195.33 | 57,875.16 | 58,295.17 | 58,975.00 | 59,654.83 | 60,074.84 | 60,754.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51,705.27 | 54,179.05 | 56,838.43 | 59,312.21 | 61,971.59 | 64,445.37 | 67,104.75 |
| Camarilla | 58,086.18 | 58,556.72 | 59,027.26 | 59,497.80 | 59,968.34 | 60,438.88 | 60,909.42 |
| Woodie | 51,798.06 | 54,225.45 | 56,931.22 | 59,358.61 | 62,064.38 | 64,491.77 | 67,197.54 |
| Fibonacci | 54,179.05 | 56,139.92 | 57,351.35 | 59,312.21 | 61,273.08 | 62,484.51 | 64,445.37 |
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 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): | 49.99 | |
| MACD (12,26,9): | -125.4200 | |
| Directional Movement: | -0.61 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 59,153.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 59,015.34 | |
| Elder Ray (13): | 143.93 | |
| Super Trend (3,10): | 58,857.44 | |
| Zig ZAG (10): | 59,589.31 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 93.83 | |
| TEMA (21): | 59,319.75 | |
| Williams %R (14): | -11.96 | |
| Chande Momentum Oscillator (20): | 848.18 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.66 |
| MA7: | 58,872.44 | |
| MA20: | 59,251.69 | |
| MA50: | 61,381.51 | |
| MA100: | 63,912.48 | |
| MAexp7: | 59,441.30 | |
| MAexp20: | 59,382.32 | |
| MAexp50: | 59,722.82 | |
| MAexp100: | 59,802.59 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +0.60% | |
| Price / MA50: | -2.89% | |
| Price / MA100: | -6.74% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -0.33% |
Quotes :
-
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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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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