BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/08/2020 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 11,624.71 USD
My targets
11,330.43 USD (-2.14%)
11,056.28 USD (-4.51%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 11,624.71 USD. The next bearish objective for sellers is set at 11,330.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,056.28 USD. If there is any crossing, the next objective would be the support located at 10,762.00 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 11,578.25 USD. The price registered a decrease of -0.23% on the session and was traded between 11,543.66 USD and 11,606.77 USD over the period. The price is currently at +0.30% from its lowest and -0.25% from its highest.11,543.66
11,606.77
11,578.25
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,371.20 | 10,699.80 | 11,090.60 | 11,578.25 | 11,580.60 | 11,828.90 | 12,113.70 |
| Change (%) | -10.43% | -7.59% | -4.21% | - | +0.02% | +2.16% | +4.62% |
| Change | -1,207.05 | -878.45 | -487.65 | - | +2.35 | +250.65 | +535.45 |
| Level | Major | Minor | Minor | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,762.00 | 11,056.28 | 11,330.43 | 11,624.71 | 11,898.86 | 12,193.14 | 12,467.29 |
| Camarilla | 11,448.25 | 11,500.36 | 11,552.46 | 11,604.57 | 11,656.68 | 11,708.78 | 11,760.89 |
| Woodie | 10,751.93 | 11,051.25 | 11,320.36 | 11,619.68 | 11,888.79 | 12,188.11 | 12,457.22 |
| Fibonacci | 11,056.28 | 11,273.42 | 11,407.57 | 11,624.71 | 11,841.85 | 11,976.00 | 12,193.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.38 | 215.22 | 223.16 | 233.00 | 240.94 | 250.78 | 258.72 |
| Camarilla | 226.22 | 227.85 | 229.48 | 231.11 | 232.74 | 234.37 | 236.00 |
| Woodie | 204.44 | 214.75 | 222.22 | 232.53 | 240.00 | 250.31 | 257.78 |
| Fibonacci | 215.22 | 222.01 | 226.21 | 233.00 | 239.79 | 243.99 | 250.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,504.35 | 8,305.38 | 9,750.99 | 8,552.02 | 9,997.63 | 8,798.66 | 10,244.27 |
| Camarilla | 11,128.77 | 11,151.38 | 11,173.99 | 11,196.60 | 11,219.21 | 11,241.82 | 11,264.43 |
| Woodie | 10,826.64 | 8,966.53 | 11,073.28 | 9,213.17 | 11,319.92 | 9,459.81 | 11,566.56 |
| Fibonacci | 8,305.38 | 8,399.60 | 8,457.80 | 8,552.02 | 8,646.24 | 8,704.44 | 8,798.66 |
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): | 44.54 | |
| MACD (12,26,9): | -1.9600 | |
| Directional Movement: | -15.89 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 11,589.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,641.43 | |
| Elder Ray (13): | -20.17 | |
| Super Trend (3,10): | 11,518.32 | |
| Zig ZAG (10): | 11,574.84 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 27.74 | |
| TEMA (21): | 11,601.88 | |
| Williams %R (14): | -96.65 | |
| Chande Momentum Oscillator (20): | -62.75 | |
| Repulse (5,40,3): | -0.5600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 10,918.75 | |
| MA20: | 10,633.12 | |
| MA50: | 9,792.23 | |
| MA100: | 9,594.24 | |
| MAexp7: | 11,586.35 | |
| MAexp20: | 11,594.02 | |
| MAexp50: | 11,623.44 | |
| MAexp100: | 11,670.10 | |
| Price / MA7: | +6.04% | |
| Price / MA20: | +8.89% | |
| Price / MA50: | +18.24% | |
| Price / MA100: | +20.68% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.79% |
Quotes :
2020-08-08 00:36:13
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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