BITCOIN - BTC/USDT

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - Daily - Technical analysis published on 11/12/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Neutral

De fond: Bearish

Technical indicators

17%

50%

33%

My opinion

Bearish under 9,477.05 USDT

My targets

8,177.08 USDT (-5.68%)

7,413.25 USDT (-14.49%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 9,477.05 USDT remains possible. It is advisable to trade BITCOIN - BTC/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 9,477.05 USDT. The next bearish objective for sellers is set at 8,177.08 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,413.25 USDT. In case of crossing, the next objective would be the support located at 6,635.39 USDT. PS: if there is a bullish break in the resistance located at 9,477.05 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

FORCE

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by vinod. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 8,669.52 USDT. The price is lower by -0.73% since the last closing and was traded between 8,654.21 USDT and 8,853.24 USDT over the period. The price is currently at +0.18% from its lowest and -2.08% from its highest.

8,654.21

8,853.24

8,669.52

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

A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6,635.39	7,413.25	8,177.08	8,669.52	9,477.05	10,616.50	11,992.30
Change (%)	-23.46%	-14.49%	-5.68%	-	+9.31%	+22.46%	+38.33%
Change	-2,034.13	-1,256.27	-492.44	-	+807.53	+1,946.98	+3,322.78
Level	Intermediate	Major	Intermediate	-	Major	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	8,123.51	8,379.13	8,556.13	8,811.75	8,988.75	9,244.37	9,421.37
Camarilla	8,614.16	8,653.82	8,693.47	8,733.13	8,772.79	8,812.44	8,852.10
Woodie	8,084.20	8,359.48	8,516.82	8,792.10	8,949.44	9,224.72	9,382.06
Fibonacci	8,379.13	8,544.39	8,646.49	8,811.75	8,977.01	9,079.11	9,244.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7,727.17	8,219.06	8,513.32	9,005.21	9,299.47	9,791.36	10,085.62
Camarilla	8,591.39	8,663.45	8,735.52	8,807.58	8,879.64	8,951.71	9,023.77
Woodie	7,628.36	8,169.65	8,414.51	8,955.80	9,200.66	9,741.95	9,986.80
Fibonacci	8,219.06	8,519.37	8,704.90	9,005.21	9,305.52	9,491.05	9,791.36

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,667.87	6,004.02	7,573.00	8,909.15	10,478.13	11,814.28	13,383.26
Camarilla	8,343.07	8,609.37	8,875.68	9,141.98	9,408.28	9,674.59	9,940.89
Woodie	4,784.29	6,062.23	7,689.42	8,967.36	10,594.55	11,872.49	13,499.68
Fibonacci	6,004.02	7,113.78	7,799.39	8,909.15	10,018.91	10,704.52	11,814.28

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.18
MACD (12,26,9):	68.1300
Directional Movement:	3.03
AROON (14):	-92.86
DEMA (21):	9,020.93
Parabolic SAR (0,02-0,02-0,2):	10,213.09
Elder Ray (13):	-183.39
Super Trend (3,10):	8,168.61
Zig ZAG (10):	8,684.48
VORTEX (21):	1.0700
Stochastique (14,3,5):	14.75
TEMA (21):	9,084.83
Williams %R (14):	-95.20
Chande Momentum Oscillator (20):	-466.80
Repulse (5,40,3):	-4.3300
ROCnROLL:	2
TRIX (15,9):	0.2800
Courbe Coppock:	0.46

MA7:	8,938.43
MA20:	9,036.72
MA50:	8,522.89
MA100:	9,487.66
MAexp7:	8,892.13
MAexp20:	8,907.11
MAexp50:	8,922.68
MAexp100:	9,083.58
Price / MA7:	-3.01%
Price / MA20:	-4.06%
Price / MA50:	+1.72%
Price / MA100:	-8.62%
Price / MAexp7:	-2.50%
Price / MAexp20:	-2.67%
Price / MAexp50:	-2.84%
Price / MAexp100:	-4.56%

This member declared not having a position on this financial instrument or a related financial instrument.

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