BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
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
10
0.4

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:
1H Daily Weekly

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes


Three white soldiers

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard25,346.7125,985.4826,475.9227,114.6927,605.1328,243.9028,734.34
Camarilla26,655.8326,759.3426,862.8526,966.3627,069.8727,173.3827,276.89
Woodie25,272.5525,948.4026,401.7627,077.6127,530.9728,206.8228,660.18
Fibonacci25,985.4826,416.8426,683.3327,114.6927,546.0527,812.5428,243.90


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14,956.1417,701.9222,334.1425,079.9229,712.1432,457.9237,090.14
Camarilla24,937.4125,613.7326,290.0426,966.3627,642.6828,318.9928,995.31
Woodie15,899.3618,173.5323,277.3625,551.5330,655.3632,929.5338,033.36
Fibonacci17,701.9220,520.3222,261.5225,079.9227,898.3229,639.5232,457.92


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17,417.6319,401.0721,267.0323,250.4725,116.4327,099.8728,965.83
Camarilla22,074.4222,427.2822,780.1423,133.0023,485.8623,838.7224,191.59
Woodie17,358.9019,371.7021,208.3023,221.1025,057.7027,070.5028,907.10
Fibonacci19,401.0720,871.5421,780.0023,250.4724,720.9425,629.4027,099.87

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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