BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/13/2019 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 8,734.71 USD
My targets
8,628.32 USD (-1.10%)
8,456.71 USD (-3.07%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USD. As long as the price remains below the resistance at 8,734.71 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8,628.32 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 8,456.71 USD as an objective. Crossing it would then enable sellers to target 8,350.32 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
6.4
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
BITCOIN - BTC/USD rating 8,724.22 USD. The price is lower by -0.86% since the last closing with the lowest point at 8,710.78 USD and the highest point at 8,826.60 USD. The deviation from the price is +0.15% for the low point and -1.16% for the high point.8,710.78
8,826.60
8,724.22
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
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 market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a slightly bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
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
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,432.72 | 8,217.80 | 8,675.10 | 8,724.22 | 8,839.48 | 9,107.00 | 9,253.02 |
| Change (%) | -14.80% | -5.80% | -0.56% | - | +1.32% | +4.39% | +6.06% |
| Change | -1,291.50 | -506.42 | -49.12 | - | +115.26 | +382.78 | +528.80 |
| Level | Major | Major | Intermediate | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,350.32 | 8,456.71 | 8,628.32 | 8,734.71 | 8,906.32 | 9,012.71 | 9,184.32 |
| Camarilla | 8,723.48 | 8,748.96 | 8,774.45 | 8,799.93 | 8,825.41 | 8,850.90 | 8,876.38 |
| Woodie | 8,382.93 | 8,473.02 | 8,660.93 | 8,751.02 | 8,938.93 | 9,029.02 | 9,216.93 |
| Fibonacci | 8,456.71 | 8,562.91 | 8,628.51 | 8,734.71 | 8,840.91 | 8,906.51 | 9,012.71 |
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): | 44.01 | |
| MACD (12,26,9): | -3.7000 | |
| Directional Movement: | -0.37 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 8,731.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,722.57 | |
| Elder Ray (13): | -7.03 | |
| Super Trend (3,10): | 8,763.52 | |
| Zig ZAG (10): | 8,729.20 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 47.40 | |
| TEMA (21): | 8,729.98 | |
| Williams %R (14): | -65.70 | |
| Chande Momentum Oscillator (20): | -12.95 | |
| Repulse (5,40,3): | -0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.12 |
| MA7: | 8,869.21 | |
| MA20: | 9,117.27 | |
| MA50: | 8,540.84 | |
| MA100: | 9,465.77 | |
| MAexp7: | 8,739.34 | |
| MAexp20: | 8,736.78 | |
| MAexp50: | 8,741.39 | |
| MAexp100: | 8,744.63 | |
| Price / MA7: | -1.63% | |
| Price / MA20: | -4.31% | |
| Price / MA50: | +2.15% | |
| Price / MA100: | -7.83% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.23% |
This member declared not having a position on this financial instrument or a related financial instrument.
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