BITCOIN - BTC/USD - 15 min. - Technical analysis published on 09/05/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 10,598.80 USD
My targets
10,367.18 USD (-1.49%)
10,150.09 USD (-3.55%)
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 10,598.80 USD. The sellers” bearish objective is set at 10,367.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,150.09 USD. In case of crossing, the next objective would be the support located at 9,918.47 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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 MK. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
Bitcoin - BTC/USD rating 10,523.86 USD. The price registered a decrease of -0.57% on the session with the lowest point at 10,457.69 USD and the highest point at 10,666.17 USD. The deviation from the price is +0.63% for the low point and -1.33% for the high point.10,457.69
10,666.17
10,523.86
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of Bitcoin - BTC/USD in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
Support of triangle is broken
Type : Bearish
Timeframe : 15 minutes
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Three black crows
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9,700.97 | 10,281.80 | 10,489.00 | 10,523.86 | 10,645.30 | 10,783.80 | 11,504.60 |
| Change (%) | -7.82% | -2.30% | -0.33% | - | +1.15% | +2.47% | +9.32% |
| Change | -822.89 | -242.06 | -34.86 | - | +121.44 | +259.94 | +980.74 |
| Level | Intermediate | Intermediate | 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 | 9,918.47 | 10,150.09 | 10,367.18 | 10,598.80 | 10,815.89 | 11,047.51 | 11,264.60 |
| Camarilla | 10,460.89 | 10,502.02 | 10,543.15 | 10,584.28 | 10,625.41 | 10,666.54 | 10,707.68 |
| Woodie | 9,911.22 | 10,146.46 | 10,359.93 | 10,595.17 | 10,808.64 | 11,043.88 | 11,257.35 |
| Fibonacci | 10,150.09 | 10,321.49 | 10,427.39 | 10,598.80 | 10,770.20 | 10,876.10 | 11,047.51 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,720.68 | 8,521.49 | 9,061.97 | 9,862.78 | 10,403.26 | 11,204.07 | 11,744.55 |
| Camarilla | 9,233.59 | 9,356.54 | 9,479.49 | 9,602.44 | 9,725.39 | 9,848.34 | 9,971.30 |
| Woodie | 7,590.51 | 8,456.41 | 8,931.80 | 9,797.70 | 10,273.09 | 11,138.99 | 11,614.38 |
| Fibonacci | 8,521.49 | 9,033.87 | 9,350.41 | 9,862.78 | 10,375.16 | 10,691.70 | 11,204.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,498.54 | 7,410.43 | 8,506.43 | 10,418.32 | 11,514.32 | 13,426.21 | 14,522.21 |
| Camarilla | 8,775.27 | 9,050.99 | 9,326.72 | 9,602.44 | 9,878.16 | 10,153.89 | 10,429.61 |
| Woodie | 5,090.61 | 7,206.46 | 8,098.50 | 10,214.35 | 11,106.39 | 13,222.24 | 14,114.28 |
| Fibonacci | 7,410.43 | 8,559.44 | 9,269.30 | 10,418.32 | 11,567.33 | 12,277.19 | 13,426.21 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 38.98 | |
| MACD (12,26,9): | -14.1400 | |
| Directional Movement: | -8.72 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 10,522.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,584.61 | |
| Elder Ray (13): | -16.59 | |
| Super Trend (3,10): | 10,492.49 | |
| Zig ZAG (10): | 10,531.04 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 42.51 | |
| TEMA (21): | 10,523.59 | |
| Williams %R (14): | -63.38 | |
| Chande Momentum Oscillator (20): | -42.31 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.60 |
| MA7: | 10,154.03 | |
| MA20: | 10,196.80 | |
| MA50: | 10,436.89 | |
| MA100: | 10,191.28 | |
| MAexp7: | 10,534.51 | |
| MAexp20: | 10,539.48 | |
| MAexp50: | 10,557.18 | |
| MAexp100: | 10,564.17 | |
| Price / MA7: | +3.64% | |
| Price / MA20: | +3.21% | |
| Price / MA50: | +0.83% | |
| Price / MA100: | +3.26% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | -0.38% |
This member declared not having a position on this financial instrument or a related financial instrument.
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