BITCOIN - BTC/USD - 15 min. - Technical analysis published on 12/13/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 100,642.87 USD
My targets
98,704.41 USD (-1.27%)
97,366.99 USD (-2.61%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 100,642.87 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 100,642.87 USD. The next bearish objective for sellers is set at 98,704.41 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 97,366.99 USD. In case of crossing, the next objective would be the support located at 95,428.53 USD. PS: if there is a bullish break in the resistance located at 100,642.87 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.7
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This analysis was given by Trillion. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 99,976.97 USD. The price is lower by -0.07% since the last closing and was traded between 99,238.21 USD and 100,374.16 USD over the period. The price is currently at +0.74% from its lowest and -0.40% from its highest.99,238.21
100,374.16
99,976.97
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on BITCOIN - BTC/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94,344.28 | 97,601.85 | 99,008.00 | 99,976.97 | 100,489.35 | 102,043.22 | 103,995.11 |
| Change (%) | -5.63% | -2.38% | -0.97% | - | +0.51% | +2.07% | +4.02% |
| Change | -5,632.69 | -2,375.12 | -968.97 | - | +512.38 | +2,066.25 | +4,018.14 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95,428.53 | 97,366.99 | 98,704.41 | 100,642.87 | 101,980.29 | 103,918.75 | 105,256.17 |
| Camarilla | 99,140.97 | 99,441.26 | 99,741.55 | 100,041.84 | 100,342.13 | 100,642.42 | 100,942.71 |
| Woodie | 95,128.02 | 97,216.73 | 98,403.90 | 100,492.61 | 101,679.78 | 103,768.49 | 104,955.66 |
| Fibonacci | 97,366.99 | 98,618.37 | 99,391.48 | 100,642.87 | 101,894.25 | 102,667.36 | 103,918.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 81,662.87 | 86,946.67 | 93,427.51 | 98,711.31 | 105,192.15 | 110,475.95 | 116,956.79 |
| Camarilla | 96,673.07 | 97,751.50 | 98,829.93 | 99,908.35 | 100,986.78 | 102,065.20 | 103,143.63 |
| Woodie | 82,261.39 | 87,245.93 | 94,026.03 | 99,010.57 | 105,790.67 | 110,775.21 | 117,555.31 |
| Fibonacci | 86,946.67 | 91,440.76 | 94,217.22 | 98,711.31 | 103,205.40 | 105,981.86 | 110,475.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,638.77 | 54,718.05 | 75,595.54 | 87,674.82 | 108,552.31 | 120,631.59 | 141,509.08 |
| Camarilla | 87,409.93 | 90,430.97 | 93,452.00 | 96,473.04 | 99,494.08 | 102,515.12 | 105,536.15 |
| Woodie | 47,037.89 | 56,917.60 | 79,994.66 | 89,874.37 | 112,951.43 | 122,831.14 | 145,908.20 |
| Fibonacci | 54,718.05 | 67,307.53 | 75,085.33 | 87,674.82 | 100,264.30 | 108,042.10 | 120,631.59 |
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): | 56.56 | |
| MACD (12,26,9): | -54.1100 | |
| Directional Movement: | 3.60 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 99,740.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 99,379.17 | |
| Elder Ray (13): | 223.03 | |
| Super Trend (3,10): | 100,327.54 | |
| Zig ZAG (10): | 100,122.23 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 94.90 | |
| TEMA (21): | 99,948.25 | |
| Williams %R (14): | -3.28 | |
| Chande Momentum Oscillator (20): | 703.30 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.44 |
| MA7: | 99,479.49 | |
| MA20: | 97,486.71 | |
| MA50: | 87,303.08 | |
| MA100: | 74,906.20 | |
| MAexp7: | 99,925.00 | |
| MAexp20: | 99,852.52 | |
| MAexp50: | 100,115.34 | |
| MAexp100: | 100,235.03 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +2.55% | |
| Price / MA50: | +14.52% | |
| Price / MA100: | +33.47% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.26% |
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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