BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/21/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 27,853.74 USD
My targets
27,149.01 USD (-2.10%)
26,522.17 USD (-4.36%)
My analysis
The bearish basic trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 27,853.74 USD. Crossing the first support at 27,149.01 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 26,522.17 USD as an objective. Crossing it would then enable sellers to target 25,817.44 USD. Caution, a return to above the resistance located at 27,853.74 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.8
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This analysis was given by Consciousconnection. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 27,732.32 USD. The price registered a decrease of -0.16% on the session and was between 27,381.20 USD and 28,037.88 USD. This implies that the price is at +1.28% from its lowest and at -1.09% from its highest.27,381.20
28,037.88
27,732.32
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
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
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 this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 15 minutes
Near resistance of triangle
Type : Bearish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22,399.60 | 24,446.00 | 26,522.40 | 27,732.32 | 27,825.70 | 28,558.50 | 29,794.70 |
| Change (%) | -19.23% | -11.85% | -4.36% | - | +0.34% | +2.98% | +7.44% |
| Change | -5,332.72 | -3,286.32 | -1,209.92 | - | +93.38 | +826.18 | +2,062.38 |
| Level | Minor | Major | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25,817.44 | 26,522.17 | 27,149.01 | 27,853.74 | 28,480.58 | 29,185.31 | 29,812.15 |
| Camarilla | 27,409.67 | 27,531.73 | 27,653.79 | 27,775.85 | 27,897.91 | 28,019.97 | 28,142.03 |
| Woodie | 25,778.50 | 26,502.70 | 27,110.07 | 27,834.27 | 28,441.64 | 29,165.84 | 29,773.21 |
| Fibonacci | 26,522.17 | 27,030.83 | 27,345.08 | 27,853.74 | 28,362.40 | 28,676.65 | 29,185.31 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.24 | |
| MACD (12,26,9): | -61.5100 | |
| Directional Movement: | -11.86 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 27,651.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 27,760.91 | |
| Elder Ray (13): | 27.32 | |
| Super Trend (3,10): | 27,928.38 | |
| Zig ZAG (10): | 27,780.29 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 60.50 | |
| TEMA (21): | 27,635.42 | |
| Williams %R (14): | -25.21 | |
| Chande Momentum Oscillator (20): | -28.82 | |
| Repulse (5,40,3): | 0.5000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.49 |
| MA7: | 26,775.44 | |
| MA20: | 23,830.33 | |
| MA50: | 23,514.47 | |
| MA100: | 21,177.87 | |
| MAexp7: | 27,701.60 | |
| MAexp20: | 27,730.60 | |
| MAexp50: | 27,814.22 | |
| MAexp100: | 27,843.34 | |
| Price / MA7: | +3.57% | |
| Price / MA20: | +16.37% | |
| Price / MA50: | +17.94% | |
| Price / MA100: | +30.95% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.40% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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