BITCOIN - BTC/USD - 15 min. - Technical analysis published on 12/19/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at , you could try to take advantage of the bearish rally. The first bearish objective is located at . The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at as an objective. Crossing it would then enable sellers to target . Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.3
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This analysis was given by Trillion. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 99,781.33 USD. The price registered a decrease of -0.37% on the session and was traded between 98,715.32 USD and 100,918.15 USD over the period. The price is currently at +1.08% from its lowest and -1.13% from its highest.98,715.32
100,918.15
99,781.33
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 95,734.07 | 97,250.90 | 99,008.00 | 99,781.33 | 100,607.62 | 102,615.40 | 105,361.96 |
| Change (%) | -4.06% | -2.54% | -0.78% | - | +0.83% | +2.84% | +5.59% |
| Change | -4,047.26 | -2,530.43 | -773.33 | - | +826.29 | +2,834.07 | +5,580.63 |
| Level | Minor | Minor | Major | - | 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 | 91,434.38 | 95,710.24 | 97,931.05 | 102,206.91 | 104,427.72 | 108,703.58 | 110,924.39 |
| Camarilla | 98,365.29 | 98,960.81 | 99,556.34 | 100,151.87 | 100,747.40 | 101,342.93 | 101,938.45 |
| Woodie | 90,406.87 | 95,196.48 | 96,903.54 | 101,693.15 | 103,400.21 | 108,189.82 | 109,896.88 |
| Fibonacci | 95,710.24 | 98,191.97 | 99,725.18 | 102,206.91 | 104,688.64 | 106,221.85 | 108,703.58 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.14 | |
| MACD (12,26,9): | -698.8300 | |
| Directional Movement: | -25.16 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 99,700.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 100,891.03 | |
| Elder Ray (13): | -1,137.84 | |
| Super Trend (3,10): | 100,876.69 | |
| Zig ZAG (10): | 99,477.40 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 13.62 | |
| TEMA (21): | 99,539.52 | |
| Williams %R (14): | -67.47 | |
| Chande Momentum Oscillator (20): | -1,472.36 | |
| Repulse (5,40,3): | -1.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 2.09 |
| MA7: | 102,701.57 | |
| MA20: | 99,858.95 | |
| MA50: | 91,363.54 | |
| MA100: | 77,760.38 | |
| MAexp7: | 99,615.13 | |
| MAexp20: | 100,763.21 | |
| MAexp50: | 102,006.45 | |
| MAexp100: | 103,185.97 | |
| Price / MA7: | -2.84% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | +9.21% | |
| Price / MA100: | +28.32% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | -2.18% | |
| Price / MAexp100: | -3.30% |
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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