BITCOIN - BTC/USD - 15 min. - Technical analysis published on 12/18/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 103,446.14 USD
My targets
100,559.82 USD (-0.30%)
99,008.00 USD (-1.84%)
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 103,446.14 USD. The next support located at 100,559.82 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 99,008.00 USD. Below this support, sellers could then target 94,302.11 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
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
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Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 100,862.16 USD. On the day, this instrument lost -4.98% and was between 100,197.41 USD and 106,482.76 USD. This implies that the price is at +0.66% from its lowest and at -5.28% from its highest.100,197.41
106,482.76
100,862.16
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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
Technical
Technical analysis of BITCOIN - BTC/USD in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 94,302.11 | 99,008.00 | 100,559.82 | 100,862.16 | 102,615.40 | 105,737.65 | 108,345.20 |
| Change (%) | -6.50% | -1.84% | -0.30% | - | +1.74% | +4.83% | +7.42% |
| Change | -6,560.05 | -1,854.16 | -302.34 | - | +1,753.24 | +4,875.49 | +7,483.04 |
| Level | Minor | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 101,671.09 | 103,446.14 | 104,795.11 | 106,570.16 | 107,919.13 | 109,694.18 | 111,043.15 |
| Camarilla | 105,284.99 | 105,571.35 | 105,857.72 | 106,144.09 | 106,430.46 | 106,716.83 | 107,003.20 |
| Woodie | 101,458.06 | 103,339.62 | 104,582.08 | 106,463.64 | 107,706.10 | 109,587.66 | 110,830.12 |
| Fibonacci | 103,446.14 | 104,639.51 | 105,376.78 | 106,570.16 | 107,763.53 | 108,500.80 | 109,694.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 87,906.86 | 91,104.48 | 96,253.72 | 99,451.34 | 104,600.58 | 107,798.20 | 112,947.44 |
| Camarilla | 99,107.56 | 99,872.69 | 100,637.82 | 101,402.95 | 102,168.08 | 102,933.21 | 103,698.34 |
| Woodie | 88,882.66 | 91,592.39 | 97,229.52 | 99,939.25 | 105,576.38 | 108,286.11 | 113,923.24 |
| Fibonacci | 91,104.48 | 94,292.98 | 96,262.84 | 99,451.34 | 102,639.84 | 104,609.70 | 107,798.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 42,633.51 | 54,715.41 | 75,594.23 | 87,676.13 | 108,554.95 | 120,636.85 | 141,515.67 |
| Camarilla | 87,408.84 | 90,430.24 | 93,451.64 | 96,473.04 | 99,494.44 | 102,515.84 | 105,537.24 |
| Woodie | 47,031.96 | 56,914.64 | 79,992.68 | 89,875.36 | 112,953.40 | 122,836.08 | 145,914.12 |
| Fibonacci | 54,715.41 | 67,306.41 | 75,085.14 | 87,676.13 | 100,267.13 | 108,045.86 | 120,636.85 |
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): | 31.23 | |
| MACD (12,26,9): | -924.4600 | |
| Directional Movement: | -24.43 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 101,193.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 102,051.89 | |
| Elder Ray (13): | -927.74 | |
| Super Trend (3,10): | 103,057.44 | |
| Zig ZAG (10): | 100,756.43 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 17.76 | |
| TEMA (21): | 100,609.42 | |
| Williams %R (14): | -84.20 | |
| Chande Momentum Oscillator (20): | -2,972.48 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 6.34 |
| MA7: | 102,897.54 | |
| MA20: | 99,775.87 | |
| MA50: | 90,826.47 | |
| MA100: | 77,347.84 | |
| MAexp7: | 101,233.50 | |
| MAexp20: | 102,328.27 | |
| MAexp50: | 103,406.90 | |
| MAexp100: | 104,210.15 | |
| Price / MA7: | -1.98% | |
| Price / MA20: | +1.09% | |
| Price / MA50: | +11.05% | |
| Price / MA100: | +30.40% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -1.43% | |
| Price / MAexp50: | -2.46% | |
| Price / MAexp100: | -3.21% |
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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