BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 01/25/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 8,502.79 USDT
My targets
7,859.54 USDT (-5.85%)
7,408.82 USDT (-11.25%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USDT as long as the price remains well below 8,502.79 USDT. The sellers” bearish objective is set at 7,859.54 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7,408.82 USDT. In case of crossing, the next objective would be the support located at 6,629.81 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
0
10
7.3
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Additional analysis
Quotes
BITCOIN - BTC/USDT rating 8,347.93 USDT. The price registered a decrease of -3.85% on the session and was between 8,339.88 USDT and 8,688.34 USDT. This implies that the price is at +0.10% from its lowest and at -3.92% from its highest.8,339.88
8,688.34
8,347.93
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. 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. 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.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 15 minutes
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 | 6,629.81 | 7,408.82 | 7,859.54 | 8,347.93 | 8,524.76 | 8,808.93 | 8,919.51 |
| Change (%) | -20.58% | -11.25% | -5.85% | - | +2.12% | +5.52% | +6.85% |
| Change | -1,718.12 | -939.11 | -488.39 | - | +176.83 | +461.00 | +571.58 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,395.04 | 8,502.79 | 8,592.64 | 8,700.39 | 8,790.24 | 8,897.99 | 8,987.84 |
| Camarilla | 8,628.15 | 8,646.26 | 8,664.38 | 8,682.49 | 8,700.60 | 8,718.72 | 8,736.83 |
| Woodie | 8,386.09 | 8,498.32 | 8,583.69 | 8,695.92 | 8,781.29 | 8,893.52 | 8,978.89 |
| Fibonacci | 8,502.79 | 8,578.27 | 8,624.91 | 8,700.39 | 8,775.87 | 8,822.51 | 8,897.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,206.58 | 7,586.81 | 8,253.16 | 8,633.39 | 9,299.74 | 9,679.97 | 10,346.32 |
| Camarilla | 8,631.70 | 8,727.64 | 8,823.57 | 8,919.51 | 9,015.45 | 9,111.38 | 9,207.32 |
| Woodie | 7,349.64 | 7,658.34 | 8,396.22 | 8,704.92 | 9,442.80 | 9,751.50 | 10,489.38 |
| Fibonacci | 7,586.81 | 7,986.60 | 8,233.60 | 8,633.39 | 9,033.18 | 9,280.18 | 9,679.97 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,292.62 | 5,867.72 | 6,530.50 | 7,105.60 | 7,768.38 | 8,343.48 | 9,006.26 |
| Camarilla | 6,852.86 | 6,966.34 | 7,079.81 | 7,193.28 | 7,306.75 | 7,420.22 | 7,533.70 |
| Woodie | 5,336.46 | 5,889.64 | 6,574.34 | 7,127.52 | 7,812.22 | 8,365.40 | 9,050.10 |
| Fibonacci | 5,867.72 | 6,340.59 | 6,632.73 | 7,105.60 | 7,578.47 | 7,870.61 | 8,343.48 |
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): | 27.68 | |
| MACD (12,26,9): | -44.3600 | |
| Directional Movement: | -29.80 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 8,369.63 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,402.51 | |
| Elder Ray (13): | -51.74 | |
| Super Trend (3,10): | 8,446.45 | |
| Zig ZAG (10): | 8,347.93 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 7.27 | |
| TEMA (21): | 8,357.87 | |
| Williams %R (14): | -93.76 | |
| Chande Momentum Oscillator (20): | -75.38 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.51 |
| MA7: | 8,707.12 | |
| MA20: | 8,315.92 | |
| MA50: | 7,665.64 | |
| MA100: | 7,980.73 | |
| MAexp7: | 8,379.99 | |
| MAexp20: | 8,427.17 | |
| MAexp50: | 8,497.78 | |
| MAexp100: | 8,558.78 | |
| Price / MA7: | -4.13% | |
| Price / MA20: | +0.38% | |
| Price / MA50: | +8.90% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.94% | |
| Price / MAexp50: | -1.76% | |
| Price / MAexp100: | -2.46% |
This member declared not having a position on this financial instrument or a related financial instrument.
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