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
Analysis too old. There are no more charts available.
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
0
10
3.2
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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
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
S3
S2
S1
R1
R2
R3
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 :
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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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