BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 03/19/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 65,319.45 USDT
My targets
62,156.59 USDT (-2.74%)
59,009.64 USDT (-7.66%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USDT. As long as you are under the resistance located at 65,319.45 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 62,156.59 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 59,009.64 USDT as an objective. Crossing it would then enable sellers to target 50,745.69 USDT. If the resistance 65,319.45 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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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 63,907.45 USDT. On the day, this instrument lost -5.48% with the lowest point at 62,415.69 USDT and the highest point at 68,120.37 USDT. The deviation from the price is +2.39% for the low point and -6.18% for the high point.62,415.69
68,120.37
63,907.45
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Technical
Technical analysis of BITCOIN - BTC/USDT in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
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 | 63,907.45 | 64,569.80 | 65,724.53 | 66,566.65 |
| Change (%) | -38.09% | -31.06% | -20.60% | - | +1.04% | +2.84% | +4.16% |
| Change | -24,339.79 | -19,852.41 | -13,161.76 | - | +662.35 | +1,817.08 | +2,659.20 |
| 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.86 | |
| MACD (12,26,9): | -262.0700 | |
| Directional Movement: | -0.76 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 62,912.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 62,415.69 | |
| Elder Ray (13): | 190.76 | |
| Super Trend (3,10): | 64,391.32 | |
| Zig ZAG (10): | 63,794.04 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 54.00 | |
| TEMA (21): | 63,131.40 | |
| Williams %R (14): | -1.44 | |
| Chande Momentum Oscillator (20): | 81.84 | |
| Repulse (5,40,3): | 2.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.12 |
| MA7: | 68,437.95 | |
| MA20: | 67,034.41 | |
| MA50: | 56,222.21 | |
| MA100: | 49,521.26 | |
| MAexp7: | 63,366.05 | |
| MAexp20: | 63,217.98 | |
| MAexp50: | 64,027.46 | |
| MAexp100: | 65,047.93 | |
| Price / MA7: | -6.62% | |
| Price / MA20: | -4.66% | |
| Price / MA50: | +13.67% | |
| Price / MA100: | +29.05% | |
| Price / MAexp7: | +0.85% | |
| Price / MAexp20: | +1.09% | |
| Price / MAexp50: | -0.19% | |
| Price / MAexp100: | -1.75% |
Quotes :
-
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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