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 (-0.46%)

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 27,238.70 USD. The price has increased by +1.01% since the last closing with the lowest point at 26,967.19 USD and the highest point at 27,251.13 USD. The deviation from the price is +1.01% for the low point and -0.05% for the high point.

26,967.19

27,251.13

27,238.70

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 for higher/lower results shows the following items:

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. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. 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 positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

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	27,238.70	29,794.70	35,079.50	40,632.20
Change (%)	-12.07%	-8.81%	-0.85%	-	+9.38%	+28.79%	+49.17%
Change	-3,288.80	-2,400.30	-230.80	-	+2,556.00	+7,840.80	+13,393.50
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

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:	+16.65%
Price / MA50:	+16.81%
Price / MA100:	+29.98%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.25%
Price / MAexp50:	+0.00%
Price / MAexp100:	+0.19%

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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