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BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 03/19/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 65,319.45 USDT
My targets
59,009.64 USDT (-7.42%)
53,212.86 USDT (-16.51%)
My analysis
The bearish trend is currently very strong for BITCOIN - BTC/USDT. As long as the price remains below the resistance at 65,319.45 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 59,009.64 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 53,212.86 USDT as an objective. Crossing it would then enable sellers to target 50,745.69 USDT. 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
6.8

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.

chookich
This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 63,736.20 USDT. The price is lower by -5.73% since the last closing with the lowest point at 62,415.69 USDT and the highest point at 68,120.37 USDT. The deviation from the price is +2.12% for the low point and -6.44% for the high point.

62,415.69
68,120.37
63,736.20

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

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 bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 39,567.66 44,055.04 50,745.69 63,736.20 64,569.80 65,724.53 66,566.65
Change (%) -37.92% -30.88% -20.38% - +1.31% +3.12% +4.44%
Change -24,168.54 -19,681.16 -12,990.51 - +833.60 +1,988.33 +2,830.45
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
Standard64,073.6765,319.4566,465.7867,711.5668,857.8970,103.6771,250.00
Camarilla66,954.2867,173.5667,392.8367,612.1167,831.3968,050.6668,269.94
Woodie64,023.9565,294.5966,416.0667,686.7068,808.1770,078.8171,200.28
Fibonacci65,319.4566,233.2466,797.7767,711.5668,625.3569,189.8870,103.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard53,212.8659,009.6462,156.5967,953.3771,100.3276,897.1080,044.05
Camarilla62,844.0063,663.8564,483.6965,303.5366,123.3766,943.2167,763.06
Woodie51,887.9458,347.1860,831.6767,290.9169,775.4076,234.6478,719.13
Fibonacci59,009.6462,426.1564,536.8767,953.3771,369.8873,480.6076,897.10


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25,183.2233,533.9547,334.7555,685.4869,486.2877,837.0191,637.81
Camarilla55,043.8957,074.4559,105.0061,135.5663,166.1265,196.6767,227.23
Woodie27,908.2734,896.4750,059.8057,048.0072,211.3379,199.5394,362.86
Fibonacci33,533.9541,995.8347,223.5955,685.4864,147.3669,375.1277,837.01

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): 44.58
MACD (12,26,9): -43.0900
Directional Movement: -4.95
AROON (14): -78.57
DEMA (21): 64,245.34
Parabolic SAR (0,02-0,02-0,2): 65,126.59
Elder Ray (13): -352.85
Super Trend (3,10): 65,193.93
Zig ZAG (10): 63,931.61
VORTEX (21): 1.0000
Stochastique (14,3,5): 13.60
TEMA (21): 64,127.93
Williams %R (14): -84.52
Chande Momentum Oscillator (20): -532.98
Repulse (5,40,3): -0.6200
ROCnROLL: 2
TRIX (15,9): 0.0400
Courbe Coppock: 2.67
MA7: 68,429.30
MA20: 67,075.09
MA50: 56,238.65
MA100: 49,529.60
MAexp7: 63,975.00
MAexp20: 64,209.99
MAexp50: 64,289.05
MAexp100: 64,863.63
Price / MA7: -6.86%
Price / MA20: -4.98%
Price / MA50: +13.33%
Price / MA100: +28.68%
Price / MAexp7: -0.37%
Price / MAexp20: -0.74%
Price / MAexp50: -0.86%
Price / MAexp100: -1.74%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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