BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 03/20/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 63,872.48 USDT
My targets
59,624.58 USDT (-3.15%)
57,311.44 USDT (-6.91%)
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 63,872.48 USDT. The next support located at 59,624.58 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 57,311.44 USDT. Below this support, sellers could then target 53,063.54 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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This analysis was given by Brett345. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 61,564.69 USDT. On the day, this instrument lost -0.60% and was between 60,785.41 USDT and 63,443.88 USDT. This implies that the price is at +1.28% from its lowest and at -2.96% from its highest.60,785.41
63,443.88
61,564.69
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. 92.86% 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bearish harami cross
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39,567.66 | 44,055.04 | 50,745.69 | 61,564.69 | 62,415.69 | 65,737.84 | 67,514.20 |
| Change (%) | -35.73% | -28.44% | -17.57% | - | +1.38% | +6.78% | +9.66% |
| Change | -21,997.03 | -17,509.65 | -10,819.00 | - | +851.00 | +4,173.15 | +5,949.51 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,063.54 | 57,311.44 | 59,624.58 | 63,872.48 | 66,185.62 | 70,433.52 | 72,746.66 |
| Camarilla | 60,133.44 | 60,734.87 | 61,336.30 | 61,937.73 | 62,539.16 | 63,140.59 | 63,742.02 |
| Woodie | 52,096.17 | 56,827.75 | 58,657.21 | 63,388.79 | 65,218.25 | 69,949.83 | 71,779.29 |
| Fibonacci | 57,311.44 | 59,817.75 | 61,366.16 | 63,872.48 | 66,378.79 | 67,927.20 | 70,433.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,212.86 | 59,009.64 | 62,156.59 | 67,953.37 | 71,100.32 | 76,897.10 | 80,044.05 |
| Camarilla | 62,844.00 | 63,663.85 | 64,483.69 | 65,303.53 | 66,123.37 | 66,943.21 | 67,763.06 |
| Woodie | 51,887.94 | 58,347.18 | 60,831.67 | 67,290.91 | 69,775.40 | 76,234.64 | 78,719.13 |
| Fibonacci | 59,009.64 | 62,426.15 | 64,536.87 | 67,953.37 | 71,369.88 | 73,480.60 | 76,897.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,183.22 | 33,533.95 | 47,334.75 | 55,685.48 | 69,486.28 | 77,837.01 | 91,637.81 |
| Camarilla | 55,043.89 | 57,074.45 | 59,105.00 | 61,135.56 | 63,166.12 | 65,196.67 | 67,227.23 |
| Woodie | 27,908.27 | 34,896.47 | 50,059.80 | 57,048.00 | 72,211.33 | 79,199.53 | 94,362.86 |
| Fibonacci | 33,533.95 | 41,995.83 | 47,223.59 | 55,685.48 | 64,147.36 | 69,375.12 | 77,837.01 |
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): | 33.63 | |
| MACD (12,26,9): | -503.7000 | |
| Directional Movement: | -16.29 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 61,497.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,858.75 | |
| Elder Ray (13): | -800.51 | |
| Super Trend (3,10): | 62,955.28 | |
| Zig ZAG (10): | 61,336.65 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 12.22 | |
| TEMA (21): | 61,358.30 | |
| Williams %R (14): | -76.62 | |
| Chande Momentum Oscillator (20): | -1,489.64 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 3.46 |
| MA7: | 66,510.93 | |
| MA20: | 66,993.94 | |
| MA50: | 56,568.62 | |
| MA100: | 49,711.30 | |
| MAexp7: | 61,488.46 | |
| MAexp20: | 62,071.56 | |
| MAexp50: | 62,798.42 | |
| MAexp100: | 63,647.54 | |
| Price / MA7: | -7.44% | |
| Price / MA20: | -8.10% | |
| Price / MA50: | +8.83% | |
| Price / MA100: | +23.84% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -3.27% |
Quotes :
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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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