BITCOIN - BTC/USD

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Type:	Cryptocurrencies
Ticker:	BTCUSD
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BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/19/2023 (GMT)

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 27,605.13 USD

My targets

27,114.69 USD (-0.45%)

26,475.92 USD (-2.80%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 27,605.13 USD remains possible. It is advisable to trade BITCOIN - BTC/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 27,605.13 USD. The next bearish objective for sellers is set at 27,114.69 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26,475.92 USD. In case of crossing, the next objective would be the support located at 25,985.48 USD. PS: if there is a bullish break in the resistance located at 27,605.13 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.4

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 27,237.68 USD. The price registered an increase of +1.01% on the session and was between 26,967.19 USD and 27,251.13 USD. This implies that the price is at +1.00% from its lowest and at -0.05% from its highest.

26,967.19

27,251.13

27,237.68

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

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 bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 15 minutes

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes

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 these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : 15 minutes

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes

Three white soldiers

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	23,949.90	24,838.40	27,007.90	27,237.68	29,794.70	35,079.50	40,632.20
Change (%)	-12.07%	-8.81%	-0.84%	-	+9.39%	+28.79%	+49.18%
Change	-3,287.78	-2,399.28	-229.78	-	+2,557.02	+7,841.82	+13,394.52
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,346.71	25,985.48	26,475.92	27,114.69	27,605.13	28,243.90	28,734.34
Camarilla	26,655.83	26,759.34	26,862.85	26,966.36	27,069.87	27,173.38	27,276.89
Woodie	25,272.55	25,948.40	26,401.76	27,077.61	27,530.97	28,206.82	28,660.18
Fibonacci	25,985.48	26,416.84	26,683.33	27,114.69	27,546.05	27,812.54	28,243.90

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14,956.14	17,701.92	22,334.14	25,079.92	29,712.14	32,457.92	37,090.14
Camarilla	24,937.41	25,613.73	26,290.04	26,966.36	27,642.68	28,318.99	28,995.31
Woodie	15,899.36	18,173.53	23,277.36	25,551.53	30,655.36	32,929.53	38,033.36
Fibonacci	17,701.92	20,520.32	22,261.52	25,079.92	27,898.32	29,639.52	32,457.92

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	49.14
MACD (12,26,9):	-22.1700
Directional Movement:	-1.54
AROON (14):	78.57
DEMA (21):	27,127.50
Parabolic SAR (0,02-0,02-0,2):	26,931.85
Elder Ray (13):	14.50
Super Trend (3,10):	27,357.47
Zig ZAG (10):	27,181.91
VORTEX (21):	0.9700
Stochastique (14,3,5):	81.57
TEMA (21):	27,155.22
Williams %R (14):	-20.51
Chande Momentum Oscillator (20):	80.59
Repulse (5,40,3):	-0.0400
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.01

MA7:	25,711.13
MA20:	23,351.26
MA50:	23,318.76
MA100:	20,956.40
MAexp7:	27,175.30
MAexp20:	27,171.93
MAexp50:	27,239.05
MAexp100:	27,188.31
Price / MA7:	+5.94%
Price / MA20:	+16.64%
Price / MA50:	+16.81%
Price / MA100:	+29.97%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.24%
Price / MAexp50:	-0.01%
Price / MAexp100:	+0.18%

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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