BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
11,607.42 USDT (+0.12%)
Real time data - Cryptocompare
Open: 11,593.22
Change: +14.25
Volume: 3,440
Low: 11,521.52
High: 11,655.70
High / Low range: 134.18
Type: Cryptocurrencies
Ticker: BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 08/02/2020

  • Who voted?
  • 83
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 15 min.
  • - Analysis generated on 2020-08-02 06:57:30
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 11,626.91 USDT
My targets
10,996.76 USDT (-2.60%)
10,769.31 USDT (-4.62%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 11,626.91 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 10,996.76 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,769.31 USDT as an objective. Crossing it would then enable sellers to target 10,242.50 USDT. 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, 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
6.4

This analysis was given by hamham. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 11,290.45 USDT. On the day, this instrument lost -4.34% and was between 10,929.94 USDT and 12,107.25 USDT. This implies that the price is at +3.30% from its lowest and at -6.75% from its highest.

10,929.94
12,107.25
11,290.45

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 9,643.46 10,242.50 10,842.00 11,290.45 11,373.90 13,093.50 19,105.30
Change (%) -14.59% -9.28% -3.97% - +0.74% +15.97% +69.22%
Change -1,646.99 -1,047.95 -448.45 - +83.45 +1,803.05 +7,814.85
Level Minor Major Major - Intermediate Intermediate Minor



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
Standard10,769.3110,996.7611,399.4611,626.9112,029.6112,257.0612,659.76
Camarilla11,628.8811,686.6411,744.4111,802.1711,859.9311,917.7011,975.46
Woodie10,856.9511,040.5711,487.1011,670.7212,117.2512,300.8712,747.39
Fibonacci10,996.7611,237.4711,386.1911,626.9111,867.6212,016.3412,257.06


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8,146.968,898.8810,350.5211,102.4412,554.0813,306.0014,757.64
Camarilla11,196.1911,398.1811,600.1811,802.1712,004.1612,206.1612,408.15
Woodie8,496.839,073.8110,700.3911,277.3712,903.9513,480.9315,107.51
Fibonacci8,898.889,740.6410,260.6811,102.4411,944.2012,464.2413,306.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7,182.338,054.139,695.6110,567.4112,208.8913,080.6914,722.17
Camarilla10,645.9510,876.3311,106.7211,337.1011,567.4811,797.8712,028.25
Woodie7,567.188,246.5510,080.4610,759.8312,593.7413,273.1115,107.02
Fibonacci8,054.139,014.209,607.3310,567.4111,527.4812,120.6113,080.69

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): 37.06
MACD (12,26,9): -153.8700
Directional Movement: -21.03
AROON (14): -14.29
DEMA (21): 11,340.11
Parabolic SAR (0,02-0,02-0,2): 11,693.40
Elder Ray (13): -127.66
Super Trend (3,10): 11,604.48
Zig ZAG (10): 11,275.96
VORTEX (21): 0.8100
Stochastique (14,3,5): 29.86
TEMA (21): 11,187.41
Williams %R (14): -72.37
Chande Momentum Oscillator (20): -743.28
Repulse (5,40,3): -0.3400
ROCnROLL: 2
TRIX (15,9): -0.1400
Courbe Coppock: 11.27
MA7: 11,221.36
MA20: 10,024.03
MA50: 9,577.06
MA100: 9,397.71
MAexp7: 11,308.73
MAexp20: 11,516.79
MAexp50: 11,639.36
MAexp100: 11,618.95
Price / MA7: +0.62%
Price / MA20: +12.63%
Price / MA50: +17.89%
Price / MA100: +20.14%
Price / MAexp7: -0.16%
Price / MAexp20: -1.97%
Price / MAexp50: -3.00%
Price / MAexp100: -2.83%

Quotes : 2020-08-02 06:57:29 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
11571
Number of analyses :
Followers :
0

Add a comment

no pic

Comments

0 comments on the analysis BITCOIN - BTC/USDT - 15 min.