BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 01/17/2022 (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: Neutral
Underlying: Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 43,068.00 USD
My targets
42,658.26 USD (-0.40%)
42,212.86 USD (-1.44%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are under the resistance located at 43,068.00 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 42,658.26 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 42,212.86 USD as an objective. Crossing it would then enable sellers to target 41,803.12 USD. If the resistance 43,068.00 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.9

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 stein82. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USD rating 42,830.55 USD. On the day, this instrument lost -0.63% and was traded between 42,374.00 USD and 43,199.42 USD over the period. The price is currently at +1.08% from its lowest and -0.85% from its highest.

42,374.00
43,199.42
42,830.55

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

Technical


A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 15 minutes



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 15 minutes



The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Central Candlesticks

Black hanging man / hammer

Type : Neutral

Timeframe : 15 minutes


Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 41,281.30 41,803.80 42,792.00 42,830.55 43,460.40 44,431.00 46,242.70
Change (%) -3.62% -2.40% -0.09% - +1.47% +3.74% +7.97%
Change -1,549.25 -1,026.75 -38.55 - +629.85 +1,600.45 +3,412.15
Level Minor Minor Intermediate - Minor Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard41,803.1242,212.8642,658.2643,068.0043,513.4043,923.1444,368.54
Camarilla42,868.4942,946.8743,025.2643,103.6543,182.0443,260.4343,338.81
Woodie41,820.9442,221.7842,676.0843,076.9243,531.2243,932.0644,386.36
Fibonacci42,212.8642,539.5342,741.3443,068.0043,394.6743,596.4843,923.14


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35,599.8337,631.2640,368.1342,399.5645,136.4347,167.8649,904.73
Camarilla41,793.7142,230.8042,667.9043,104.9943,542.0843,979.1844,416.27
Woodie35,952.5437,807.6240,720.8442,575.9245,489.1447,344.2250,257.44
Fibonacci37,631.2639,452.7540,578.0742,399.5644,221.0545,346.3747,167.86


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18,919.0329,534.5737,862.2348,477.7756,805.4367,420.9775,748.63
Camarilla40,980.5242,716.9844,453.4446,189.9047,926.3649,662.8251,399.28
Woodie17,775.1028,962.6036,718.3047,905.8055,661.5066,849.0074,604.70
Fibonacci29,534.5736,770.8741,241.4648,477.7755,714.0760,184.6667,420.97

Numerical data


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

Technical indicators
Moving averages

RSI (14): 42.13
MACD (12,26,9): -41.7000
Directional Movement: -7.63
AROON (14): 57.14
DEMA (21): 42,698.83
Parabolic SAR (0,02-0,02-0,2): 42,590.54
Elder Ray (13): -72.34
Super Trend (3,10): 42,463.86
Zig ZAG (10): 42,766.21
VORTEX (21): 0.9400
Stochastique (14,3,5): 63.83
TEMA (21): 42,755.77
Williams %R (14): -27.12
Chande Momentum Oscillator (20): 189.24
Repulse (5,40,3): 0.3700
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.64
MA7: 43,053.99
MA20: 44,090.49
MA50: 47,712.86
MA100: 54,244.76
MAexp7: 42,774.67
MAexp20: 42,758.21
MAexp50: 42,857.73
MAexp100: 42,954.39
Price / MA7: -0.52%
Price / MA20: -2.86%
Price / MA50: -10.23%
Price / MA100: -21.04%
Price / MAexp7: +0.13%
Price / MAexp20: +0.17%
Price / MAexp50: -0.06%
Price / MAexp100: -0.29%

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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