BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 63,640.15 USDT
My targets
62,461.66 USDT (-0.99%)
61,769.33 USDT (-2.09%)
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 63,640.15 USDT. The next support located at 62,461.66 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 61,769.33 USDT. Below this support, sellers could then target 60,590.84 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.
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
7.3
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This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 63,084.70 USDT. The price registered a decrease of -0.11% on the session with the lowest point at 63,080.88 USDT and the highest point at 63,284.34 USDT. The deviation from the price is +0.01% for the low point and -0.32% for the high point.63,080.88
63,284.34
63,084.70
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this BITCOIN - BTC/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a bearish signal.
The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
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 | 59,189.68 | 61,320.21 | 61,937.73 | 63,084.70 | 64,154.35 | 64,738.06 | 68,245.09 |
Change (%) | -6.17% | -2.80% | -1.82% | - | +1.70% | +2.62% | +8.18% |
Change | -3,895.02 | -1,764.49 | -1,146.97 | - | +1,069.65 | +1,653.36 | +5,160.39 |
Level | Minor | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 60,590.84 | 61,769.33 | 62,461.66 | 63,640.15 | 64,332.48 | 65,510.97 | 66,203.30 |
Camarilla | 62,639.52 | 62,811.01 | 62,982.50 | 63,153.99 | 63,325.48 | 63,496.97 | 63,668.47 |
Woodie | 60,347.76 | 61,647.79 | 62,218.58 | 63,518.61 | 64,089.40 | 65,389.43 | 65,960.22 |
Fibonacci | 61,769.33 | 62,483.98 | 62,925.50 | 63,640.15 | 64,354.80 | 64,796.32 | 65,510.97 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 52,571.47 | 55,039.16 | 59,194.05 | 61,661.74 | 65,816.63 | 68,284.32 | 72,439.21 |
Camarilla | 61,527.74 | 62,134.81 | 62,741.88 | 63,348.95 | 63,956.02 | 64,563.09 | 65,170.16 |
Woodie | 53,415.08 | 55,460.96 | 60,037.66 | 62,083.54 | 66,660.24 | 68,706.12 | 73,282.82 |
Fibonacci | 55,039.16 | 57,568.98 | 59,131.91 | 61,661.74 | 64,191.56 | 65,754.49 | 68,284.32 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 43,898.83 | 49,318.23 | 54,145.15 | 59,564.55 | 64,391.47 | 69,810.87 | 74,637.79 |
Camarilla | 56,154.32 | 57,093.57 | 58,032.81 | 58,972.06 | 59,911.31 | 60,850.55 | 61,789.80 |
Woodie | 43,602.58 | 49,170.11 | 53,848.90 | 59,416.43 | 64,095.22 | 69,662.75 | 74,341.54 |
Fibonacci | 49,318.23 | 53,232.33 | 55,650.46 | 59,564.55 | 63,478.65 | 65,896.78 | 69,810.87 |
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): | 41.80 | |
MACD (12,26,9): | -89.8500 | |
Directional Movement: | -16.71 | |
AROON (14): | -50.00 | |
DEMA (21): | 63,144.33 | |
Parabolic SAR (0,02-0,02-0,2): | 63,361.34 | |
Elder Ray (13): | -83.74 | |
Super Trend (3,10): | 63,524.69 | |
Zig ZAG (10): | 63,196.95 | |
VORTEX (21): | 0.9200 | |
Stochastique (14,3,5): | 37.20 | |
TEMA (21): | 63,153.15 | |
Williams %R (14): | -50.35 | |
Chande Momentum Oscillator (20): | -213.74 | |
Repulse (5,40,3): | 0.3300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0200 | |
Courbe Coppock: | 0.71 |
MA7: | 63,449.62 | |
MA20: | 60,307.56 | |
MA50: | 59,888.75 | |
MA100: | 61,025.22 | |
MAexp7: | 63,187.90 | |
MAexp20: | 63,255.71 | |
MAexp50: | 63,417.57 | |
MAexp100: | 63,560.95 | |
Price / MA7: | -0.58% | |
Price / MA20: | +4.60% | |
Price / MA50: | +5.34% | |
Price / MA100: | +3.37% | |
Price / MAexp7: | -0.16% | |
Price / MAexp20: | -0.27% | |
Price / MAexp50: | -0.52% | |
Price / MAexp100: | -0.75% |
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.
About author
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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