BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 10/21/2020 (GMT)
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- Timeframe : 15 min.
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- Status : CANCELLED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 12,152.48 USDT
My targets
13,093.50 USDT (+1.43%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above 12,152.48 USDT. The buyers” bullish objective is set at 13,093.50 USDT. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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Additional analysis
Quotes
BITCOIN - BTC/USDT rating 12,908.92 USDT. On the day, this instrument gained +8.41% and was between 11,887.29 USDT and 13,203.89 USDT. This implies that the price is at +8.59% from its lowest and at -2.23% from its highest.11,887.29
13,203.89
12,908.92
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Downside gap
Type : Bearish
Timeframe : 15 minutes
Three white soldiers
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 11,718.50 | 11,978.50 | 12,280.20 | 12,908.92 | 13,093.50 |
| Change (%) | -9.22% | -7.21% | -4.87% | - | +1.43% |
| Change | -1,190.42 | -930.42 | -628.72 | - | +184.58 |
| Level | Minor | Intermediate | Major | - | Intermediate |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 11,438.62 | 11,560.88 | 11,734.42 | 11,856.68 | 12,030.22 | 12,152.48 | 12,326.02 |
| Camarilla | 11,826.63 | 11,853.74 | 11,880.86 | 11,907.97 | 11,935.08 | 11,962.20 | 11,989.32 |
| Woodie | 11,464.27 | 11,573.70 | 11,760.07 | 11,869.50 | 12,055.87 | 12,165.30 | 12,351.67 |
| Fibonacci | 11,560.88 | 11,673.87 | 11,743.68 | 11,856.68 | 11,969.67 | 12,039.48 | 12,152.48 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,640.94 | 10,928.22 | 11,143.94 | 11,431.22 | 11,646.94 | 11,934.22 | 12,149.94 |
| Camarilla | 11,221.34 | 11,267.44 | 11,313.55 | 11,359.66 | 11,405.77 | 11,451.88 | 11,497.99 |
| Woodie | 10,605.16 | 10,910.33 | 11,108.16 | 11,413.33 | 11,611.16 | 11,916.33 | 12,114.16 |
| Fibonacci | 10,928.22 | 11,120.37 | 11,239.07 | 11,431.22 | 11,623.37 | 11,742.07 | 11,934.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,551.02 | 8,705.05 | 9,740.53 | 10,894.56 | 11,930.04 | 13,084.07 | 14,119.55 |
| Camarilla | 10,173.89 | 10,374.59 | 10,575.30 | 10,776.00 | 10,976.71 | 11,177.41 | 11,378.12 |
| Woodie | 7,491.74 | 8,675.41 | 9,681.25 | 10,864.92 | 11,870.76 | 13,054.43 | 14,060.26 |
| Fibonacci | 8,705.05 | 9,541.45 | 10,058.17 | 10,894.56 | 11,730.96 | 12,247.68 | 13,084.07 |
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): | 78.55 | |
| MACD (12,26,9): | 90.9600 | |
| Directional Movement: | 24.67 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 12,958.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,763.65 | |
| Elder Ray (13): | 159.91 | |
| Super Trend (3,10): | 12,832.86 | |
| Zig ZAG (10): | 13,068.91 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 95.23 | |
| TEMA (21): | 12,966.28 | |
| Williams %R (14): | -9.92 | |
| Chande Momentum Oscillator (20): | 284.67 | |
| Repulse (5,40,3): | 0.9100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.96 |
| MA7: | 11,774.73 | |
| MA20: | 11,260.73 | |
| MA50: | 10,863.11 | |
| MA100: | 10,932.93 | |
| MAexp7: | 12,985.99 | |
| MAexp20: | 12,815.76 | |
| MAexp50: | 12,647.93 | |
| MAexp100: | 12,437.28 | |
| Price / MA7: | +9.63% | |
| Price / MA20: | +14.64% | |
| Price / MA50: | +18.83% | |
| Price / MA100: | +18.07% | |
| Price / MAexp7: | -0.59% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +2.06% | |
| Price / MAexp100: | +3.79% |
Quotes :
2020-10-21 23:05:32
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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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