BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/26/2020 (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
22%
44%
33%
My opinion
Bearish under 16,670.87 USD
My targets
15,607.60 USD (-4.52%)
14,641.73 USD (-10.43%)
My analysis
BITCOIN - BTC/USD 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 16,670.87 USD. The next support located at 15,607.60 USD 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 14,641.73 USD. Below this support, sellers could then target 12,932.90 USD. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by BCFI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 16,345.90 USD. The price is lower by -12.76% since the last closing with the lowest point at 16,222.00 USD and the highest point at 18,913.22 USD. The deviation from the price is +0.76% for the low point and -13.57% for the high point.16,222.00
18,913.22
16,345.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal support is broken
Type : Bearish
Timeframe : 15 minutes
Support of triangle is broken
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 | 12,303.60 | 12,932.90 | 15,607.60 | 16,345.90 | 17,614.60 | 18,066.50 | 18,648.40 |
| Change (%) | -24.73% | -20.88% | -4.52% | - | +7.76% | +10.53% | +14.09% |
| Change | -4,042.30 | -3,413.00 | -738.30 | - | +1,268.70 | +1,720.60 | +2,302.50 |
| Level | Minor | Major | Intermediate | - | Intermediate | 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 | 17,323.66 | 17,914.77 | 18,325.18 | 18,916.29 | 19,326.70 | 19,917.81 | 20,328.23 |
| Camarilla | 18,460.18 | 18,551.99 | 18,643.79 | 18,735.60 | 18,827.41 | 18,919.21 | 19,011.02 |
| Woodie | 17,233.32 | 17,869.59 | 18,234.84 | 18,871.11 | 19,236.36 | 19,872.64 | 20,237.88 |
| Fibonacci | 17,914.77 | 18,297.35 | 18,533.71 | 18,916.29 | 19,298.87 | 19,535.23 | 19,917.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13,487.27 | 14,641.73 | 16,670.87 | 17,825.33 | 19,854.47 | 21,008.93 | 23,038.07 |
| Camarilla | 17,824.51 | 18,116.34 | 18,408.17 | 18,700.00 | 18,991.83 | 19,283.66 | 19,575.49 |
| Woodie | 13,924.60 | 14,860.40 | 17,108.20 | 18,044.00 | 20,291.80 | 21,227.60 | 23,475.40 |
| Fibonacci | 14,641.73 | 15,857.87 | 16,609.20 | 17,825.33 | 19,041.47 | 19,792.80 | 21,008.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,707.77 | 9,035.83 | 11,423.77 | 12,751.83 | 15,139.77 | 16,467.83 | 18,855.77 |
| Camarilla | 12,789.80 | 13,130.43 | 13,471.07 | 13,811.70 | 14,152.33 | 14,492.97 | 14,833.60 |
| Woodie | 8,237.70 | 9,300.80 | 11,953.70 | 13,016.80 | 15,669.70 | 16,732.80 | 19,385.70 |
| Fibonacci | 9,035.83 | 10,455.35 | 11,332.32 | 12,751.83 | 14,171.35 | 15,048.32 | 16,467.83 |
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): | 43.55 | |
| MACD (12,26,9): | -149.6200 | |
| Directional Movement: | -12.79 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 16,598.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,289.51 | |
| Elder Ray (13): | -47.69 | |
| Super Trend (3,10): | 17,112.62 | |
| Zig ZAG (10): | 16,620.00 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 42.01 | |
| TEMA (21): | 16,557.64 | |
| Williams %R (14): | -58.53 | |
| Chande Momentum Oscillator (20): | -298.80 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 4.66 |
| MA7: | 18,365.25 | |
| MA20: | 17,010.62 | |
| MA50: | 14,423.08 | |
| MA100: | 12,657.58 | |
| MAexp7: | 16,593.94 | |
| MAexp20: | 16,810.47 | |
| MAexp50: | 17,151.78 | |
| MAexp100: | 17,631.50 | |
| Price / MA7: | -11.00% | |
| Price / MA20: | -3.91% | |
| Price / MA50: | +13.33% | |
| Price / MA100: | +29.14% | |
| Price / MAexp7: | -1.49% | |
| Price / MAexp20: | -2.76% | |
| Price / MAexp50: | -4.70% | |
| Price / MAexp100: | -7.29% |
Quotes :
2020-11-26 19:28:12
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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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