BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 08/02/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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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
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This analysis was given by hamham. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 10,769.31 | 10,996.76 | 11,399.46 | 11,626.91 | 12,029.61 | 12,257.06 | 12,659.76 |
| Camarilla | 11,628.88 | 11,686.64 | 11,744.41 | 11,802.17 | 11,859.93 | 11,917.70 | 11,975.46 |
| Woodie | 10,856.95 | 11,040.57 | 11,487.10 | 11,670.72 | 12,117.25 | 12,300.87 | 12,747.39 |
| Fibonacci | 10,996.76 | 11,237.47 | 11,386.19 | 11,626.91 | 11,867.62 | 12,016.34 | 12,257.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,146.96 | 8,898.88 | 10,350.52 | 11,102.44 | 12,554.08 | 13,306.00 | 14,757.64 |
| Camarilla | 11,196.19 | 11,398.18 | 11,600.18 | 11,802.17 | 12,004.16 | 12,206.16 | 12,408.15 |
| Woodie | 8,496.83 | 9,073.81 | 10,700.39 | 11,277.37 | 12,903.95 | 13,480.93 | 15,107.51 |
| Fibonacci | 8,898.88 | 9,740.64 | 10,260.68 | 11,102.44 | 11,944.20 | 12,464.24 | 13,306.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,182.33 | 8,054.13 | 9,695.61 | 10,567.41 | 12,208.89 | 13,080.69 | 14,722.17 |
| Camarilla | 10,645.95 | 10,876.33 | 11,106.72 | 11,337.10 | 11,567.48 | 11,797.87 | 12,028.25 |
| Woodie | 7,567.18 | 8,246.55 | 10,080.46 | 10,759.83 | 12,593.74 | 13,273.11 | 15,107.02 |
| Fibonacci | 8,054.13 | 9,014.20 | 9,607.33 | 10,567.41 | 11,527.48 | 12,120.61 | 13,080.69 |
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
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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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