BITCOIN - BTC/USDT - Daily - Technical analysis published on 11/22/2019 (GMT)
- Who voted?
- 147
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 7,413.25 USDT
My targets
6,635.39 USDT (-4.31%)
4,691.00 USDT (-32.35%)
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 7,413.25 USDT. The next support located at 6,635.39 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 4,691.00 USDT. Below this support, sellers could then target 3,258.70 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.
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
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 6,934.51 USDT. On the day, this instrument lost -9.07% and was traded between 6,833.88 USDT and 7,693.46 USDT over the period. The price is currently at +1.47% from its lowest and -9.86% from its highest.6,833.88
7,693.46
6,934.51
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of BITCOIN - BTC/USDT in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 | 6,934.51 | 7,413.25 | 8,177.08 | 9,477.05 |
| Change (%) | -53.01% | -32.35% | -4.31% | - | +6.90% | +17.92% | +36.67% |
| Change | -3,675.81 | -2,243.51 | -299.12 | - | +478.74 | +1,242.57 | +2,542.54 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,783.71 | 7,154.40 | 7,390.12 | 7,760.81 | 7,996.53 | 8,367.22 | 8,602.94 |
| Camarilla | 7,459.08 | 7,514.67 | 7,570.25 | 7,625.84 | 7,681.43 | 7,737.02 | 7,792.60 |
| Woodie | 6,716.22 | 7,120.66 | 7,322.63 | 7,727.07 | 7,929.05 | 8,333.48 | 8,535.46 |
| Fibonacci | 7,154.40 | 7,386.05 | 7,529.16 | 7,760.81 | 7,992.46 | 8,135.57 | 8,367.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,574.28 | 7,999.66 | 8,244.12 | 8,669.50 | 8,913.96 | 9,339.34 | 9,583.80 |
| Camarilla | 8,304.37 | 8,365.78 | 8,427.18 | 8,488.58 | 8,549.98 | 8,611.38 | 8,672.79 |
| Woodie | 7,483.82 | 7,954.43 | 8,153.66 | 8,624.27 | 8,823.50 | 9,294.11 | 9,493.34 |
| Fibonacci | 7,999.66 | 8,255.54 | 8,413.62 | 8,669.50 | 8,925.38 | 9,083.46 | 9,339.34 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 23.61 | |
| MACD (12,26,9): | -294.0600 | |
| Directional Movement: | -26.98 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 8,091.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,008.37 | |
| Elder Ray (13): | -857.09 | |
| Super Trend (3,10): | 8,389.35 | |
| Zig ZAG (10): | 7,145.19 | |
| VORTEX (21): | 0.6700 | |
| Stochastique (14,3,5): | 5.79 | |
| TEMA (21): | 7,818.94 | |
| Williams %R (14): | -93.97 | |
| Chande Momentum Oscillator (20): | -1,889.87 | |
| Repulse (5,40,3): | -14.9900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1500 | |
| Courbe Coppock: | 24.67 |
| MA7: | 8,021.27 | |
| MA20: | 8,633.10 | |
| MA50: | 8,514.96 | |
| MA100: | 9,166.04 | |
| MAexp7: | 7,899.96 | |
| MAexp20: | 8,385.84 | |
| MAexp50: | 8,672.74 | |
| MAexp100: | 8,922.35 | |
| Price / MA7: | -13.55% | |
| Price / MA20: | -19.68% | |
| Price / MA50: | -18.56% | |
| Price / MA100: | -24.35% | |
| Price / MAexp7: | -12.22% | |
| Price / MAexp20: | -17.31% | |
| Price / MAexp50: | -20.04% | |
| Price / MAexp100: | -22.28% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis BITCOIN - BTC/USDT - Daily