BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/22/2023 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
17%
44%
My opinion
Bearish under 28,647.72 USD
My targets
28,014.46 USD (-0.23%)
27,549.36 USD (-1.89%)
My analysis
The current short-term bearish acceleration registered on BITCOIN - BTC/USD should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 28,647.72 USD. Short-term sellers will use the support located at 28,014.46 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 27,549.36 USD. Crossing this support would then open the door for sellers to target 26,916.10 USD. Caution, if there is a return to below 28,647.72 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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
0.7
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Additional analysis
Quotes
BITCOIN - BTC/USD rating 28,079.22 USD. On the day, this instrument lost -0.37% with the lowest point at 28,006.95 USD and the highest point at 28,186.05 USD. The deviation from the price is +0.26% for the low point and -0.38% for the high point.28,006.95
28,186.05
28,079.22
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
A study of price movements over other periods shows the following variations:
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 a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
MACD indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 15 minutes
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24,446.00 | 26,522.40 | 27,825.70 | 28,079.22 | 28,558.50 | 29,794.70 | 35,079.50 |
| Change (%) | -12.94% | -5.54% | -0.90% | - | +1.71% | +6.11% | +24.93% |
| Change | -3,633.22 | -1,556.82 | -253.52 | - | +479.28 | +1,715.48 | +7,000.28 |
| Level | Major | 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 | 26,451.00 | 26,916.10 | 27,549.36 | 28,014.46 | 28,647.72 | 29,112.82 | 29,746.08 |
| Camarilla | 27,880.57 | 27,981.25 | 28,081.94 | 28,182.62 | 28,283.30 | 28,383.99 | 28,484.67 |
| Woodie | 26,535.08 | 26,958.14 | 27,633.44 | 28,056.50 | 28,731.80 | 29,154.86 | 29,830.16 |
| Fibonacci | 26,916.10 | 27,335.67 | 27,594.89 | 28,014.46 | 28,434.03 | 28,693.25 | 29,112.82 |
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): | 46.07 | |
| MACD (12,26,9): | -5.3400 | |
| Directional Movement: | -5.72 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 28,108.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 28,199.12 | |
| Elder Ray (13): | -29.48 | |
| Super Trend (3,10): | 27,906.72 | |
| Zig ZAG (10): | 28,124.04 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 51.07 | |
| TEMA (21): | 28,097.05 | |
| Williams %R (14): | -40.73 | |
| Chande Momentum Oscillator (20): | 39.09 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.22 |
| MA7: | 27,363.73 | |
| MA20: | 24,085.34 | |
| MA50: | 23,622.29 | |
| MA100: | 21,291.01 | |
| MAexp7: | 28,094.16 | |
| MAexp20: | 28,107.35 | |
| MAexp50: | 28,090.42 | |
| MAexp100: | 28,036.87 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | +16.58% | |
| Price / MA50: | +18.87% | |
| Price / MA100: | +31.88% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.15% |
Quotes :
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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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