BITCOIN - BTC/USDT
BITCOIN - BTC/USDT
- USDT (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: BTCUSDT
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BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 11/26/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 94,833.19 USDT
My targets
90,797.46 USDT (-2.19%)
88,589.34 USDT (-4.56%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on BITCOIN - BTC/USDT as long as the price remains well below 94,833.19 USDT. The next bearish objective for sellers is set at 90,797.46 USDT. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 88,589.34 USDT. If there is any crossing, the next objective would be the support located at 84,553.61 USDT. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.8

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.

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

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 92,825.98 USDT. The price registered a decrease of -0.19% on the session and was between 91,451.63 USDT and 94,977.91 USDT. This implies that the price is at +1.50% from its lowest and at -2.27% from its highest.

91,451.63
94,977.91
92,825.98

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of BITCOIN - BTC/USDT in 15 min. shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 89,175.48 91,038.51 92,603.62 92,825.98 93,904.03 95,696.50 97,140.27
Change (%) -3.93% -1.93% -0.24% - +1.16% +3.09% +4.65%
Change -3,650.50 -1,787.47 -222.36 - +1,078.05 +2,870.52 +4,314.29
Level Minor Intermediate Minor - Minor Intermediate Minor



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
Standard84,553.6188,589.3490,797.4694,833.1997,041.31101,077.04103,285.16
Camarilla91,288.5291,860.8792,433.2393,005.5893,577.9394,150.2994,722.64
Woodie83,639.8188,132.4489,883.6694,376.2996,127.51100,620.14102,371.36
Fibonacci88,589.3490,974.4992,448.0494,833.1997,218.3498,691.89101,077.04


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard80,191.9984,455.9891,064.4895,328.47101,936.97106,200.96112,809.46
Camarilla94,683.0595,679.6996,676.3497,672.9898,669.6399,666.27100,662.92
Woodie81,364.2585,042.1192,236.7495,914.60103,109.23106,787.09113,981.72
Fibonacci84,455.9888,609.2791,175.1895,328.4799,481.76102,047.67106,200.96


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard46,967.1752,962.7461,630.5867,626.1576,293.9982,289.5690,957.40
Camarilla66,265.9767,610.1268,954.2670,298.4171,642.5672,986.7074,330.85
Woodie48,303.3053,630.8162,966.7168,294.2277,630.1282,957.6392,293.53
Fibonacci52,962.7458,564.1762,024.7367,626.1573,227.5876,688.1482,289.56

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.42
MACD (12,26,9): 219.4400
Directional Movement: 2.98
AROON (14): 64.29
DEMA (21): 93,573.65
Parabolic SAR (0,02-0,02-0,2): 94,671.22
Elder Ray (13): -24.65
Super Trend (3,10): 92,436.98
Zig ZAG (10): 93,167.02
VORTEX (21): 1.1100
Stochastique (14,3,5): 57.06
TEMA (21): 93,835.14
Williams %R (14): -68.59
Chande Momentum Oscillator (20): -35.57
Repulse (5,40,3): -0.7200
ROCnROLL: 2
TRIX (15,9): 0.0300
Courbe Coppock: 2.40
MA7: 96,160.61
MA20: 89,577.33
MA50: 76,292.18
MA100: 68,478.02
MAexp7: 93,507.20
MAexp20: 93,363.22
MAexp50: 93,391.16
MAexp100: 94,041.57
Price / MA7: -3.47%
Price / MA20: +3.63%
Price / MA50: +21.67%
Price / MA100: +35.56%
Price / MAexp7: -0.73%
Price / MAexp20: -0.58%
Price / MAexp50: -0.61%
Price / MAexp100: -1.29%

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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