BITCOIN - BTC/USDT - Daily - Technical analysis published on 10/09/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
28%
22%
My opinion
Bearish under 9,477.05 USDT
My targets
8,185.00 USDT (-2.69%)
6,635.39 USDT (-21.12%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 9,477.05 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,185.00 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6,635.39 USDT as an objective. Crossing it would then enable sellers to target 4,691.00 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 8,411.59 USDT. The price registered an increase of +2.91% on the session and was between 8,116.62 USDT and 8,412.52 USDT. This implies that the price is at +3.63% from its lowest and at -0.01% from its highest.8,116.62
8,412.52
8,411.59
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 4 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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:
Near support of channel
Type : Bullish
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 | 4,691.00 | 6,635.39 | 8,185.00 | 8,411.59 | 9,477.05 | 10,613.40 | 11,992.30 |
| Change (%) | -44.23% | -21.12% | -2.69% | - | +12.67% | +26.18% | +42.57% |
| Change | -3,720.59 | -1,776.20 | -226.59 | - | +1,065.46 | +2,201.81 | +3,580.71 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | 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 | 7,872.83 | 7,991.46 | 8,082.68 | 8,201.31 | 8,292.53 | 8,411.16 | 8,502.38 |
| Camarilla | 8,116.18 | 8,135.42 | 8,154.65 | 8,173.89 | 8,193.13 | 8,212.36 | 8,231.60 |
| Woodie | 7,859.12 | 7,984.61 | 8,068.97 | 8,194.46 | 8,278.82 | 8,404.31 | 8,488.67 |
| Fibonacci | 7,991.46 | 8,071.63 | 8,121.15 | 8,201.31 | 8,281.48 | 8,331.00 | 8,411.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,988.74 | 7,363.50 | 7,744.32 | 8,119.08 | 8,499.90 | 8,874.66 | 9,255.48 |
| Camarilla | 7,917.36 | 7,986.62 | 8,055.88 | 8,125.14 | 8,194.40 | 8,263.66 | 8,332.92 |
| Woodie | 6,991.77 | 7,365.02 | 7,747.35 | 8,120.60 | 8,502.93 | 8,876.18 | 9,258.51 |
| Fibonacci | 7,363.50 | 7,652.13 | 7,830.45 | 8,119.08 | 8,407.71 | 8,586.03 | 8,874.66 |
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): | 35.53 | |
| MACD (12,26,9): | -469.6900 | |
| Directional Movement: | -22.21 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 7,943.69 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,749.89 | |
| Elder Ray (13): | -161.37 | |
| Super Trend (3,10): | 9,055.25 | |
| Zig ZAG (10): | 8,216.55 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 43.35 | |
| TEMA (21): | 7,817.47 | |
| Williams %R (14): | -34.71 | |
| Chande Momentum Oscillator (20): | 54.90 | |
| Repulse (5,40,3): | 2.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7900 | |
| Courbe Coppock: | 19.08 |
| MA7: | 8,136.12 | |
| MA20: | 8,557.73 | |
| MA50: | 9,534.74 | |
| MA100: | 10,158.66 | |
| MAexp7: | 8,187.75 | |
| MAexp20: | 8,579.40 | |
| MAexp50: | 9,279.16 | |
| MAexp100: | 9,416.25 | |
| Price / MA7: | +3.39% | |
| Price / MA20: | -1.71% | |
| Price / MA50: | -11.78% | |
| Price / MA100: | -17.20% | |
| Price / MAexp7: | +2.73% | |
| Price / MAexp20: | -1.96% | |
| Price / MAexp50: | -9.35% | |
| Price / MAexp100: | -10.67% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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