BITCOIN - BTC/USDT

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- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - 15 min. - Technical analysis published on 03/18/2023 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 28,457.89 USDT

My targets

26,675.51 USDT (-1.83%)

25,609.87 USDT (-5.75%)

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 28,457.89 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 26,675.51 USDT. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 25,609.87 USDT would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 23,827.49 USDT. Beware of a possible return to above the resistance located at 28,457.89 USDT which would be a sign of a correction of the short-term bearish excesses registered.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.5

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 27,173.40 USDT. The price is lower by -0.78% since the last closing and was between 26,616.45 USDT and 27,708.86 USDT. This implies that the price is at +2.09% from its lowest and at -1.93% from its highest.

26,616.45

27,708.86

27,173.40

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 15 min. chart of BITCOIN - BTC/USDT indicates that the overall trend is slightly bearish. 60.71% 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. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

Moving Average bearish crossovers : MA50 & MA100

Type : Bearish

Timeframe : 15 minutes

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22,551.60	24,842.80	26,952.40	27,173.40	29,848.90	40,624.10	47,434.00
Change (%)	-17.01%	-8.58%	-0.81%	-	+9.85%	+49.50%	+74.56%
Change	-4,621.80	-2,330.60	-221.00	-	+2,675.50	+13,450.70	+20,260.60
Level	Minor	Major	Intermediate	-	Minor	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22,761.85	23,827.49	25,609.87	26,675.51	28,457.89	29,523.53	31,305.91
Camarilla	26,609.06	26,870.12	27,131.19	27,392.26	27,653.33	27,914.40	28,175.47
Woodie	23,120.23	24,006.68	25,968.25	26,854.70	28,816.27	29,702.72	31,664.29
Fibonacci	23,827.49	24,915.43	25,587.56	26,675.51	27,763.45	28,435.58	29,523.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,047.67	17,806.93	19,133.77	20,893.03	22,219.87	23,979.13	25,305.97
Camarilla	19,611.92	19,894.82	20,177.71	20,460.60	20,743.49	21,026.39	21,309.28
Woodie	15,831.45	17,698.83	18,917.55	20,784.93	22,003.65	23,871.03	25,089.75
Fibonacci	17,806.93	18,985.82	19,714.14	20,893.03	22,071.92	22,800.24	23,979.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,815.47	19,588.53	21,694.97	23,468.03	25,574.47	27,347.53	29,453.97
Camarilla	22,734.54	23,090.16	23,445.78	23,801.40	24,157.02	24,512.64	24,868.26
Woodie	17,982.15	19,671.88	21,861.65	23,551.38	25,741.15	27,430.88	29,620.65
Fibonacci	19,588.53	21,070.50	21,986.06	23,468.03	24,950.00	25,865.56	27,347.53

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):	43.56
MACD (12,26,9):	-20.3300
Directional Movement:	-14.13
AROON (14):	-28.57
DEMA (21):	27,269.32
Parabolic SAR (0,02-0,02-0,2):	27,098.30
Elder Ray (13):	-78.98
Super Trend (3,10):	27,529.44
Zig ZAG (10):	27,200.48
VORTEX (21):	0.9900
Stochastique (14,3,5):	14.95
TEMA (21):	27,256.86
Williams %R (14):	-85.57
Chande Momentum Oscillator (20):	-108.41
Repulse (5,40,3):	-0.3300
ROCnROLL:	2
TRIX (15,9):	-0.0100
Courbe Coppock:	0.16

MA7:	24,955.04
MA20:	23,222.20
MA50:	23,152.17
MA100:	20,460.59
MAexp7:	27,264.09
MAexp20:	27,294.63
MAexp50:	27,309.36
MAexp100:	27,165.64
Price / MA7:	+8.89%
Price / MA20:	+17.01%
Price / MA50:	+17.37%
Price / MA100:	+32.81%
Price / MAexp7:	-0.33%
Price / MAexp20:	-0.44%
Price / MAexp50:	-0.50%
Price / MAexp100:	+0.03%

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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