BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSDT
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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
22%
61%
17%
My opinion
Bearish under 11,102.44 USDT
My targets
10,996.76 USDT (-0.51%)
10,769.31 USDT (-2.57%)
My analysis
BITCOIN - BTC/USDT 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 11,102.44 USDT. The next support located at 10,996.76 USDT 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 10,769.31 USDT. Below this support, sellers could then target 10,242.50 USDT. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3

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.

This analysis was given by hamham. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 11,053.66 USDT. On the day, this instrument lost -6.34% with the lowest point at 10,929.94 USDT and the highest point at 12,107.25 USDT. The deviation from the price is +1.13% for the low point and -8.70% for the high point.

10,929.94
12,107.25
11,053.66

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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


Technical analysis of BITCOIN - BTC/USDT 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.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified these 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



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 9,643.46 10,242.50 10,842.00 11,053.66 11,373.90 13,093.50 19,105.30
Change (%) -12.76% -7.34% -1.91% - +2.90% +18.45% +72.84%
Change -1,410.20 -811.16 -211.66 - +320.24 +2,039.84 +8,051.64
Level Minor Major Major - Intermediate Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 32.37
MACD (12,26,9): -96.8700
Directional Movement: -28.31
AROON (14): -50.00
DEMA (21): 11,091.30
Parabolic SAR (0,02-0,02-0,2): 11,270.84
Elder Ray (13): -114.61
Super Trend (3,10): 11,314.24
Zig ZAG (10): 11,069.58
VORTEX (21): 0.8300
Stochastique (14,3,5): 31.76
TEMA (21): 11,069.64
Williams %R (14): -69.76
Chande Momentum Oscillator (20): -234.54
Repulse (5,40,3): -0.1200
ROCnROLL: 2
TRIX (15,9): -0.1200
Courbe Coppock: 3.36
MA7: 11,188.62
MA20: 10,009.61
MA50: 9,571.40
MA100: 9,394.98
MAexp7: 11,106.42
MAexp20: 11,215.99
MAexp50: 11,381.58
MAexp100: 11,472.45
Price / MA7: -1.21%
Price / MA20: +10.43%
Price / MA50: +15.49%
Price / MA100: +17.65%
Price / MAexp7: -0.48%
Price / MAexp20: -1.45%
Price / MAexp50: -2.88%
Price / MAexp100: -3.65%

Quotes : 2020-08-02 12:57:31 - Real time data - Cryptocompare

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

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