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Type: Cryptocurrencies
Ticker: BTCUSD

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/18/2023 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Short term: Strongly bearish
Underlying: Slightly bearish
Technical indicators
My opinion
Bearish under 27,099.87 USD
My targets
26,739.75 USD (-0.87%)
25,653.81 USD (-4.89%)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on BITCOIN - BTC/USD as long as the price remains well below 27,099.87 USD. The next bearish objective for sellers is set at 26,739.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 25,653.81 USD. In case of crossing, the next objective would be the support located at 23,862.38 USD.

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.

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

Additional analysis


The BITCOIN - BTC/USD price is 26,974.14 USD. The price is lower by -1.72% since the last closing and was traded between 26,624.25 USD and 27,753.46 USD over the period. The price is currently at +1.31% from its lowest and -2.81% from its highest.


A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (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 analysis of BITCOIN - BTC/USD in 15 min. shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 15 minutes

The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central 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:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 15 minutes


ProTrendLines 22,759.70 23,949.90 24,838.40 26,974.14 27,007.90 29,794.70 35,079.50
Change (%) -15.62% -11.21% -7.92% - +0.13% +10.46% +30.05%
Change -4,214.44 -3,024.24 -2,135.74 - +33.76 +2,820.56 +8,105.36
Level Minor Intermediate Intermediate - Intermediate 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:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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): 42.05
MACD (12,26,9): -18.3700
Directional Movement: -15.35
AROON (14): -28.57
DEMA (21): 27,351.48
Parabolic SAR (0,02-0,02-0,2): 27,136.61
Elder Ray (13): -82.36
Super Trend (3,10): 27,597.95
Zig ZAG (10): 27,268.13
VORTEX (21): 0.9900
Stochastique (14,3,5): 16.36
TEMA (21): 27,340.49
Williams %R (14): -84.64
Chande Momentum Oscillator (20): -109.87
Repulse (5,40,3): -0.3000
TRIX (15,9): -0.0100
Courbe Coppock: 0.10
MA7: 25,036.96
MA20: 23,181.79
MA50: 23,241.42
MA100: 20,858.60
MAexp7: 27,341.55
MAexp20: 27,371.63
MAexp50: 27,383.18
MAexp100: 27,235.48
Price / MA7: +7.74%
Price / MA20: +16.36%
Price / MA50: +16.06%
Price / MA100: +29.32%
Price / MAexp7: -1.34%
Price / MAexp20: -1.45%
Price / MAexp50: -1.49%
Price / MAexp100: -0.96%

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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