BITCOIN - BTC/USDT - Daily - Technical analysis published on 10/04/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 8,185.00 USDT
My targets
6,635.39 USDT (-18.87%)
4,691.00 USDT (-42.64%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 8,185.00 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 6,635.39 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,691.00 USDT as an objective. Crossing it would then enable sellers to target 3,258.70 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
7.7
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 8,178.79 USDT. The price is lower by -0.53% since the last closing and was between 8,026.65 USDT and 8,229.88 USDT. This implies that the price is at +1.90% from its lowest and at -0.62% from its highest.8,026.65
8,229.88
8,178.79
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,258.70 | 4,691.00 | 6,635.39 | 8,178.79 | 8,185.00 | 9,477.05 | 10,613.40 |
| Change (%) | -60.16% | -42.64% | -18.87% | - | +0.08% | +15.87% | +29.77% |
| Change | -4,920.09 | -3,487.79 | -1,543.40 | - | +6.21 | +1,298.26 | +2,434.61 |
| Level | Major | Intermediate | Major | - | Major | 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 | 7,768.03 | 7,925.08 | 8,073.78 | 8,230.83 | 8,379.53 | 8,536.58 | 8,685.28 |
| Camarilla | 8,138.39 | 8,166.42 | 8,194.44 | 8,222.47 | 8,250.50 | 8,278.52 | 8,306.55 |
| Woodie | 7,763.85 | 7,922.99 | 8,069.60 | 8,228.74 | 8,375.35 | 8,534.49 | 8,681.09 |
| Fibonacci | 7,925.08 | 8,041.88 | 8,114.04 | 8,230.83 | 8,347.63 | 8,419.79 | 8,536.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,008.71 | 6,395.95 | 7,298.93 | 8,686.17 | 9,589.15 | 10,976.39 | 11,879.37 |
| Camarilla | 7,572.11 | 7,782.05 | 7,991.98 | 8,201.92 | 8,411.86 | 8,621.79 | 8,831.73 |
| Woodie | 4,766.59 | 6,274.89 | 7,056.81 | 8,565.11 | 9,347.03 | 10,855.33 | 11,637.25 |
| Fibonacci | 6,395.95 | 7,270.81 | 7,811.30 | 8,686.17 | 9,561.03 | 10,101.52 | 10,976.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,891.55 | 5,814.90 | 7,049.79 | 8,973.14 | 10,208.03 | 12,131.38 | 13,366.27 |
| Camarilla | 7,416.15 | 7,705.66 | 7,995.17 | 8,284.67 | 8,574.18 | 8,863.68 | 9,153.19 |
| Woodie | 3,547.31 | 5,642.79 | 6,705.55 | 8,801.03 | 9,863.79 | 11,959.27 | 13,022.03 |
| Fibonacci | 5,814.90 | 7,021.35 | 7,766.70 | 8,973.14 | 10,179.59 | 10,924.94 | 12,131.38 |
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): | 28.19 | |
| MACD (12,26,9): | -548.0200 | |
| Directional Movement: | -28.26 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 8,192.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,690.78 | |
| Elder Ray (13): | -450.45 | |
| Super Trend (3,10): | 9,283.88 | |
| Zig ZAG (10): | 8,153.12 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 20.19 | |
| TEMA (21): | 7,908.14 | |
| Williams %R (14): | -82.90 | |
| Chande Momentum Oscillator (20): | -1,870.64 | |
| Repulse (5,40,3): | 0.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7200 | |
| Courbe Coppock: | 37.81 |
| MA7: | 8,222.67 | |
| MA20: | 9,087.71 | |
| MA50: | 9,774.23 | |
| MA100: | 10,323.96 | |
| MAexp7: | 8,303.59 | |
| MAexp20: | 8,878.03 | |
| MAexp50: | 9,537.50 | |
| MAexp100: | 9,554.38 | |
| Price / MA7: | -0.53% | |
| Price / MA20: | -10.00% | |
| Price / MA50: | -16.32% | |
| Price / MA100: | -20.78% | |
| Price / MAexp7: | -1.50% | |
| Price / MAexp20: | -7.88% | |
| Price / MAexp50: | -14.25% | |
| Price / MAexp100: | -14.40% |
This member declared not having a position on this financial instrument or a related financial instrument.
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