BITCOIN - BTC/USD - 15 min. - Technical analysis published on 05/25/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 8,916.48 USD
My targets
8,532.37 USD (-2.84%)
8,332.88 USD (-5.11%)
My analysis
The basic trend is very bearish on BITCOIN - BTC/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on BITCOIN - BTC/USD. As long as you stay below the resistance 8,916.48 USD, sellers” retain the upper hand. A break in the support at 8,532.37 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 8,332.88 USD as an objective. Crossing it would then enable sellers to target 7,948.77 USD. If the price were to depress the resistance 8,916.48 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.7
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This analysis was given by lokisynz1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 8,781.39 USD. On the day, this instrument lost +0.57% with the lowest point at 8,668.42 USD and the highest point at 8,814.61 USD. The deviation from the price is +1.30% for the low point and -0.38% for the high point.8,668.42
8,814.61
8,781.39
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 resistance of channel
Type : Bearish
Timeframe : 15 minutes
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,875.21 | 6,617.29 | 8,561.57 | 8,781.39 | 8,800.57 | 8,925.27 | 9,156.30 |
| Change (%) | -33.09% | -24.64% | -2.50% | - | +0.22% | +1.64% | +4.27% |
| Change | -2,906.18 | -2,164.10 | -219.82 | - | +19.18 | +143.88 | +374.91 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Intermediate |
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 | 7,948.77 | 8,332.88 | 8,532.37 | 8,916.48 | 9,115.97 | 9,500.08 | 9,699.57 |
| Camarilla | 8,571.36 | 8,624.86 | 8,678.35 | 8,731.85 | 8,785.35 | 8,838.84 | 8,892.34 |
| Woodie | 7,856.45 | 8,286.73 | 8,440.05 | 8,870.33 | 9,023.65 | 9,453.92 | 9,607.25 |
| Fibonacci | 8,332.88 | 8,555.82 | 8,693.55 | 8,916.48 | 9,139.42 | 9,277.15 | 9,500.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,510.00 | 8,155.28 | 8,666.02 | 9,311.30 | 9,822.04 | 10,467.32 | 10,978.06 |
| Camarilla | 8,858.85 | 8,964.81 | 9,070.78 | 9,176.75 | 9,282.72 | 9,388.69 | 9,494.66 |
| Woodie | 7,442.72 | 8,121.65 | 8,598.74 | 9,277.67 | 9,754.76 | 10,433.68 | 10,910.78 |
| Fibonacci | 8,155.28 | 8,596.88 | 8,869.70 | 9,311.30 | 9,752.90 | 10,025.72 | 10,467.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,388.78 | 4,773.69 | 6,699.08 | 8,083.99 | 10,009.38 | 11,394.29 | 13,319.68 |
| Camarilla | 7,714.14 | 8,017.58 | 8,321.03 | 8,624.47 | 8,927.91 | 9,231.36 | 9,534.80 |
| Woodie | 3,659.02 | 4,908.81 | 6,969.32 | 8,219.11 | 10,279.62 | 11,529.41 | 13,589.92 |
| Fibonacci | 4,773.69 | 6,038.23 | 6,819.46 | 8,083.99 | 9,348.53 | 10,129.76 | 11,394.29 |
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): | 43.39 | |
| MACD (12,26,9): | -37.7300 | |
| Directional Movement: | -9.06 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 8,752.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,670.79 | |
| Elder Ray (13): | 0.32 | |
| Super Trend (3,10): | 8,869.93 | |
| Zig ZAG (10): | 8,793.53 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 76.28 | |
| TEMA (21): | 8,767.43 | |
| Williams %R (14): | -5.32 | |
| Chande Momentum Oscillator (20): | 36.31 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.16 |
| MA7: | 9,174.68 | |
| MA20: | 9,303.15 | |
| MA50: | 8,269.86 | |
| MA100: | 7,926.09 | |
| MAexp7: | 8,786.98 | |
| MAexp20: | 8,808.05 | |
| MAexp50: | 8,893.68 | |
| MAexp100: | 8,987.06 | |
| Price / MA7: | -4.29% | |
| Price / MA20: | -5.61% | |
| Price / MA50: | +6.19% | |
| Price / MA100: | +10.79% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -2.29% |
This member declared not having a position on this financial instrument or a related financial instrument.
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