BITCOIN - BTC/USD - 15 min. - Technical analysis published on 08/21/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 10,358.41 USD
My targets
9,977.75 USD (-0.99%)
9,419.45 USD (-6.53%)
My analysis
There is a bearish trend on Bitcoin - BTC/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 10,358.41 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 9,977.75 USD. Then the price could move towards 9,419.45 USD. Then 8,214.86 USD by extension. Be careful, a return to above the resistance 10,358.41 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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 emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The Bitcoin - BTC/USD rating is 10,077.57 USD. The price registered a decrease of -6.39% on the session with the lowest point at 9,845.65 USD and the highest point at 10,801.81 USD. The deviation from the price is +2.36% for the low point and -6.70% for the high point.9,845.65
10,801.81
10,077.57
The Central Gaps scanner detects a bullish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of Bitcoin - BTC/USD in 15 min. shows an overall bearish trend. The signals given by moving averages are at 75% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. 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.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
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 under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,214.86 | 9,419.45 | 9,977.75 | 10,077.57 | 10,266.60 | 10,548.20 | 10,944.60 |
| Change (%) | -18.48% | -6.53% | -0.99% | - | +1.88% | +4.67% | +8.60% |
| Change | -1,862.71 | -658.12 | -99.82 | - | +189.03 | +470.63 | +867.03 |
| Level | Minor | Major | Minor | - | Minor | Major | Major |
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 | 10,161.68 | 10,358.41 | 10,561.92 | 10,758.65 | 10,962.16 | 11,158.89 | 11,362.40 |
| Camarilla | 10,655.37 | 10,692.06 | 10,728.75 | 10,765.44 | 10,802.13 | 10,838.82 | 10,875.51 |
| Woodie | 10,165.08 | 10,360.11 | 10,565.32 | 10,760.35 | 10,965.56 | 11,160.59 | 11,365.80 |
| Fibonacci | 10,358.41 | 10,511.30 | 10,605.76 | 10,758.65 | 10,911.54 | 11,006.00 | 11,158.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,155.07 | 8,314.89 | 9,263.76 | 10,423.58 | 11,372.45 | 12,532.27 | 13,481.14 |
| Camarilla | 9,632.74 | 9,826.04 | 10,019.33 | 10,212.63 | 10,405.93 | 10,599.22 | 10,792.52 |
| Woodie | 7,049.60 | 8,262.15 | 9,158.28 | 10,370.84 | 11,266.98 | 12,479.53 | 13,375.67 |
| Fibonacci | 8,314.89 | 9,120.41 | 9,618.06 | 10,423.58 | 11,229.10 | 11,726.75 | 12,532.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,250.45 | 6,661.92 | 8,373.96 | 10,785.43 | 12,497.47 | 14,908.94 | 16,620.98 |
| Camarilla | 8,952.03 | 9,330.02 | 9,708.01 | 10,086.00 | 10,463.99 | 10,841.98 | 11,219.97 |
| Woodie | 3,900.73 | 6,487.06 | 8,024.25 | 10,610.57 | 12,147.76 | 14,734.08 | 16,271.27 |
| Fibonacci | 6,661.92 | 8,237.10 | 9,210.25 | 10,785.43 | 12,360.61 | 13,333.76 | 14,908.94 |
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): | 57.88 | |
| MACD (12,26,9): | 19.8700 | |
| Directional Movement: | -2.15 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 10,128.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,980.07 | |
| Elder Ray (13): | 38.35 | |
| Super Trend (3,10): | 10,023.19 | |
| Zig ZAG (10): | 10,157.24 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 74.73 | |
| TEMA (21): | 10,164.37 | |
| Williams %R (14): | -12.67 | |
| Chande Momentum Oscillator (20): | 74.81 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.03 |
| MA7: | 10,434.52 | |
| MA20: | 10,974.53 | |
| MA50: | 10,775.46 | |
| MA100: | 9,882.22 | |
| MAexp7: | 10,144.97 | |
| MAexp20: | 10,106.58 | |
| MAexp50: | 10,129.55 | |
| MAexp100: | 10,247.04 | |
| Price / MA7: | -3.42% | |
| Price / MA20: | -8.17% | |
| Price / MA50: | -6.48% | |
| Price / MA100: | +1.98% | |
| Price / MAexp7: | -0.66% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -1.65% |
This member declared not having a position on this financial instrument or a related financial instrument.
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