BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

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

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bearish

Technical indicators

11%

67%

22%

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.

Force

4.6

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

Additional analysis

Quotes

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.

26,624.25

27,753.46

26,974.14

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 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:

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:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

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

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:

Three white soldiers

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22,776.44	23,862.38	25,653.81	26,739.75	28,531.18	29,617.12	31,408.55
Camarilla	26,653.95	26,917.71	27,181.47	27,445.23	27,708.99	27,972.75	28,236.51
Woodie	23,129.18	24,038.75	26,006.55	26,916.12	28,883.92	29,793.49	31,761.29
Fibonacci	23,862.38	24,961.54	25,640.60	26,739.75	27,838.91	28,517.97	29,617.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16,163.43	17,861.27	19,241.83	20,939.67	22,320.23	24,018.07	25,398.63
Camarilla	19,775.84	20,058.03	20,340.21	20,622.40	20,904.59	21,186.77	21,468.96
Woodie	16,004.80	17,781.95	19,083.20	20,860.35	22,161.60	23,938.75	25,240.00
Fibonacci	17,861.27	19,037.22	19,763.72	20,939.67	22,115.62	22,842.12	24,018.07

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17,417.63	19,401.07	21,267.03	23,250.47	25,116.43	27,099.87	28,965.83
Camarilla	22,074.42	22,427.28	22,780.14	23,133.00	23,485.86	23,838.72	24,191.59
Woodie	17,358.90	19,371.70	21,208.30	23,221.10	25,057.70	27,070.50	28,907.10
Fibonacci	19,401.07	20,871.54	21,780.00	23,250.47	24,720.94	25,629.40	27,099.87

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
ROCnROLL:	2
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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