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:
Bearish
De fond:
Strongly bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 11,626.91 USDT
My targets
10,996.76 USDT (-1.31%)
10,769.31 USDT (-3.35%)
My analysis
The bearish basic trend is very strong on BITCOIN - BTC/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 11,626.91 USDT. Crossing the first support at 10,996.76 USDT would be a sign of a further potential price plummet. 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. Caution, a return to above the resistance located at 11,626.91 USDT would be a sign of a possible consolidation phase of the short-term basic trend. 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 are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6
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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 11,142.21 USDT. The price is lower by -5.59% since the last closing with the lowest point at 10,929.94 USDT and the highest point at 12,107.25 USDT. The deviation from the price is +1.94% for the low point and -7.97% for the high point.10,929.94
12,107.25
11,142.21
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
Technical analysis of this 15 min. chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
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 | 11,142.21 | 11,373.90 | 13,093.50 | 19,105.30 |
| Change (%) | -13.45% | -8.07% | -2.69% | - | +2.08% | +17.51% | +71.47% |
| Change | -1,498.75 | -899.71 | -300.21 | - | +231.69 | +1,951.29 | +7,963.09 |
| Level | Minor | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.80 | |
| MACD (12,26,9): | -63.8000 | |
| Directional Movement: | -13.45 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11,061.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,185.26 | |
| Elder Ray (13): | 20.83 | |
| Super Trend (3,10): | 11,314.24 | |
| Zig ZAG (10): | 11,173.94 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 75.76 | |
| TEMA (21): | 11,103.39 | |
| Williams %R (14): | -7.56 | |
| Chande Momentum Oscillator (20): | 54.01 | |
| Repulse (5,40,3): | 0.4800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 1.39 |
| MA7: | 11,206.41 | |
| MA20: | 10,017.13 | |
| MA50: | 9,574.38 | |
| MA100: | 9,396.25 | |
| MAexp7: | 11,134.80 | |
| MAexp20: | 11,155.69 | |
| MAexp50: | 11,304.72 | |
| MAexp100: | 11,417.69 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +11.23% | |
| Price / MA50: | +16.38% | |
| Price / MA100: | +18.58% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -2.41% |
Quotes :
2020-08-02 15:01:11
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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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