BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 08/09/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 63,532.02 USDT

My targets

59,696.84 USDT (-1.05%)

56,726.81 USDT (-5.97%)

My analysis

BITCOIN - BTC/USDT is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 63,532.02 USDT, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 59,696.84 USDT. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 56,726.81 USDT would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 51,767.61 USDT. Beware of a possible return to above the resistance located at 63,532.02 USDT which would be a sign of a correction of the short-term bearish excesses registered.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

3.2

Comment on the analysis

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.

This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 60,329.76 USDT. On the day, this instrument lost -2.20% with the lowest point at 59,808.71 USDT and the highest point at 61,738.49 USDT. The deviation from the price is +0.87% for the low point and -2.28% for the high point.

59,808.71

61,738.49

60,329.76

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

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of BITCOIN - BTC/USDT in 15 min. shows an overall slightly bearish trend. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 15 minutes

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	54,521.48	55,861.78	58,353.77	60,329.76	61,937.73	63,599.91	65,608.15
Change (%)	-9.63%	-7.41%	-3.28%	-	+2.67%	+5.42%	+8.75%
Change	-5,808.28	-4,467.98	-1,975.99	-	+1,607.97	+3,270.15	+5,278.39
Level	Intermediate	Major	Intermediate	-	Intermediate	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	48,797.58	51,767.61	56,726.81	59,696.84	64,656.04	67,626.07	72,585.27
Camarilla	59,505.47	60,232.32	60,959.16	61,686.01	62,412.86	63,139.70	63,866.55
Woodie	49,792.17	52,264.90	57,721.40	60,194.13	65,650.63	68,123.36	73,579.86
Fibonacci	51,767.61	54,796.58	56,667.87	59,696.84	62,725.81	64,597.10	67,626.07

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,870.42	53,366.90	57,035.54	63,532.02	67,200.66	73,697.14	77,365.78
Camarilla	57,908.77	58,840.58	59,772.38	60,704.18	61,635.98	62,567.79	63,499.59
Woodie	45,456.50	52,659.94	55,621.62	62,825.06	65,786.74	72,990.18	75,951.86
Fibonacci	53,366.90	57,249.98	59,648.94	63,532.02	67,415.10	69,814.06	73,697.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	39,554.59	46,729.04	55,679.60	62,854.05	71,804.61	78,979.06	87,929.62
Camarilla	60,195.78	61,673.91	63,152.03	64,630.16	66,108.29	67,586.41	69,064.54
Woodie	40,442.65	47,173.07	56,567.66	63,298.08	72,692.67	79,423.09	88,817.68
Fibonacci	46,729.04	52,888.79	56,694.30	62,854.05	69,013.80	72,819.31	78,979.06

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):	38.93
MACD (12,26,9):	-139.1500
Directional Movement:	-13.00
AROON (14):	-92.86
DEMA (21):	60,369.84
Parabolic SAR (0,02-0,02-0,2):	60,778.51
Elder Ray (13):	-306.20
Super Trend (3,10):	61,040.71
Zig ZAG (10):	59,930.88
VORTEX (21):	0.8700
Stochastique (14,3,5):	20.00
TEMA (21):	60,210.37
Williams %R (14):	-92.11
Chande Momentum Oscillator (20):	-347.10
Repulse (5,40,3):	-0.7300
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	1.38

MA7:	57,960.73
MA20:	63,369.48
MA50:	61,996.72
MA100:	64,231.14
MAexp7:	60,342.82
MAexp20:	60,588.55
MAexp50:	60,634.67
MAexp100:	60,106.98
Price / MA7:	+4.09%
Price / MA20:	-4.80%
Price / MA50:	-2.69%
Price / MA100:	-6.07%
Price / MAexp7:	-0.02%
Price / MAexp20:	-0.43%
Price / MAexp50:	-0.50%
Price / MAexp100:	+0.37%

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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