BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 66,465.78 USDT
My targets
64,073.67 USDT (-0.26%)
59,009.64 USDT (-8.14%)
My analysis
BITCOIN - BTC/USDT 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 66,465.78 USDT. The next support located at 64,073.67 USDT 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 59,009.64 USDT. Below this support, sellers could then target 50,745.69 USDT. 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
7
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 64,241.00 USDT. On the day, this instrument lost -4.99% with the lowest point at 63,622.38 USDT and the highest point at 68,120.37 USDT. The deviation from the price is +0.97% for the low point and -5.69% for the high point.63,622.38
68,120.37
64,241.00
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:
Technical
Technical analysis of BITCOIN - BTC/USDT in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 39,567.66 | 44,055.04 | 50,745.69 | 64,241.00 | 64,569.80 | 65,724.53 | 66,566.65 |
| Change (%) | -38.41% | -31.42% | -21.01% | - | +0.51% | +2.31% | +3.62% |
| Change | -24,673.34 | -20,185.96 | -13,495.31 | - | +328.80 | +1,483.53 | +2,325.65 |
| Level | Major | Intermediate | Intermediate | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64,073.67 | 65,319.45 | 66,465.78 | 67,711.56 | 68,857.89 | 70,103.67 | 71,250.00 |
| Camarilla | 66,954.28 | 67,173.56 | 67,392.83 | 67,612.11 | 67,831.39 | 68,050.66 | 68,269.94 |
| Woodie | 64,023.95 | 65,294.59 | 66,416.06 | 67,686.70 | 68,808.17 | 70,078.81 | 71,200.28 |
| Fibonacci | 65,319.45 | 66,233.24 | 66,797.77 | 67,711.56 | 68,625.35 | 69,189.88 | 70,103.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53,212.86 | 59,009.64 | 62,156.59 | 67,953.37 | 71,100.32 | 76,897.10 | 80,044.05 |
| Camarilla | 62,844.00 | 63,663.85 | 64,483.69 | 65,303.53 | 66,123.37 | 66,943.21 | 67,763.06 |
| Woodie | 51,887.94 | 58,347.18 | 60,831.67 | 67,290.91 | 69,775.40 | 76,234.64 | 78,719.13 |
| Fibonacci | 59,009.64 | 62,426.15 | 64,536.87 | 67,953.37 | 71,369.88 | 73,480.60 | 76,897.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,183.22 | 33,533.95 | 47,334.75 | 55,685.48 | 69,486.28 | 77,837.01 | 91,637.81 |
| Camarilla | 55,043.89 | 57,074.45 | 59,105.00 | 61,135.56 | 63,166.12 | 65,196.67 | 67,227.23 |
| Woodie | 27,908.27 | 34,896.47 | 50,059.80 | 57,048.00 | 72,211.33 | 79,199.53 | 94,362.86 |
| Fibonacci | 33,533.95 | 41,995.83 | 47,223.59 | 55,685.48 | 64,147.36 | 69,375.12 | 77,837.01 |
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): | 40.06 | |
| MACD (12,26,9): | -522.0600 | |
| Directional Movement: | -21.33 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 64,329.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 65,062.41 | |
| Elder Ray (13): | -219.52 | |
| Super Trend (3,10): | 65,767.85 | |
| Zig ZAG (10): | 64,356.62 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 38.82 | |
| TEMA (21): | 64,221.11 | |
| Williams %R (14): | -58.68 | |
| Chande Momentum Oscillator (20): | -632.64 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 2.71 |
| MA7: | 68,522.17 | |
| MA20: | 67,114.59 | |
| MA50: | 56,253.07 | |
| MA100: | 49,536.45 | |
| MAexp7: | 64,537.51 | |
| MAexp20: | 65,048.96 | |
| MAexp50: | 65,908.21 | |
| MAexp100: | 66,586.55 | |
| Price / MA7: | -6.25% | |
| Price / MA20: | -4.28% | |
| Price / MA50: | +14.20% | |
| Price / MA100: | +29.68% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -1.24% | |
| Price / MAexp50: | -2.53% | |
| Price / MAexp100: | -3.52% |
Quotes :
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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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