BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/10/2019 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 8,804.93 USD
My targets
8,735.06 USD (-0.25%)
8,658.12 USD (-1.13%)
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 8,804.93 USD. The sellers” bearish objective is set at 8,735.06 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 8,658.12 USD. In case of crossing, the next objective would be the support located at 8,588.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
7
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.
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Additional analysis
Quotes
The BITCOIN - BTC/USD price is 8,757.30 USD. On the day, this instrument lost -0.62% and was traded between 8,753.00 USD and 8,812.10 USD over the period. The price is currently at +0.05% from its lowest and -0.62% from its highest.8,753.00
8,812.10
8,757.30
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. 89.29% 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 15 minutes
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 | 7,432.72 | 8,220.01 | 8,675.10 | 8,757.30 | 9,070.66 | 9,250.53 | 9,476.52 |
| Change (%) | -15.13% | -6.14% | -0.94% | - | +3.58% | +5.63% | +8.21% |
| Change | -1,324.58 | -537.29 | -82.20 | - | +313.36 | +493.23 | +719.22 |
| Level | Major | Major | Intermediate | - | 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 | 8,588.25 | 8,658.12 | 8,735.06 | 8,804.93 | 8,881.87 | 8,951.74 | 9,028.68 |
| Camarilla | 8,771.63 | 8,785.09 | 8,798.54 | 8,812.00 | 8,825.46 | 8,838.92 | 8,852.37 |
| Woodie | 8,591.79 | 8,659.89 | 8,738.60 | 8,806.70 | 8,885.41 | 8,953.51 | 9,032.21 |
| Fibonacci | 8,658.12 | 8,714.20 | 8,748.85 | 8,804.93 | 8,861.01 | 8,895.66 | 8,951.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,537.10 | 8,106.10 | 8,459.05 | 9,028.05 | 9,381.00 | 9,950.00 | 10,302.95 |
| Camarilla | 8,558.46 | 8,642.98 | 8,727.49 | 8,812.00 | 8,896.51 | 8,981.02 | 9,065.54 |
| Woodie | 7,429.08 | 8,052.09 | 8,351.03 | 8,974.04 | 9,272.98 | 9,895.99 | 10,194.93 |
| Fibonacci | 8,106.10 | 8,458.28 | 8,675.87 | 9,028.05 | 9,380.24 | 9,597.82 | 9,950.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,216.82 | 5,757.51 | 7,454.83 | 8,995.52 | 10,692.84 | 12,233.53 | 13,930.86 |
| Camarilla | 8,261.71 | 8,558.53 | 8,855.34 | 9,152.16 | 9,448.98 | 9,745.80 | 10,042.61 |
| Woodie | 4,295.15 | 5,796.67 | 7,533.16 | 9,034.68 | 10,771.17 | 12,272.69 | 14,009.18 |
| Fibonacci | 5,757.51 | 6,994.43 | 7,758.60 | 8,995.52 | 10,232.44 | 10,996.61 | 12,233.53 |
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): | 36.47 | |
| MACD (12,26,9): | -7.2400 | |
| Directional Movement: | -16.51 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 8,772.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,788.25 | |
| Elder Ray (13): | -19.39 | |
| Super Trend (3,10): | 8,795.40 | |
| Zig ZAG (10): | 8,757.30 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 13.29 | |
| TEMA (21): | 8,771.61 | |
| Williams %R (14): | -91.83 | |
| Chande Momentum Oscillator (20): | -32.94 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.73 |
| MA7: | 9,088.00 | |
| MA20: | 8,937.57 | |
| MA50: | 8,575.53 | |
| MA100: | 9,536.29 | |
| MAexp7: | 8,773.23 | |
| MAexp20: | 8,780.31 | |
| MAexp50: | 8,790.04 | |
| MAexp100: | 8,811.91 | |
| Price / MA7: | -3.64% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | +2.12% | |
| Price / MA100: | -8.17% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | -0.62% |
This member declared not having a position on this financial instrument or a related financial instrument.
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