BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: BTCUSD
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BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/23/2023 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 27,614.97 USD
My targets
28,573.41 USD (+0.18%)
29,835.18 USD (+4.60%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 27,614.97 USD, you could try to benefit from the boom. The first bullish objective is located at 28,573.41 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 29,835.18 USD as an objective. Crossing it would then enable buyers to target 30,793.62 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

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 skyallex. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

BITCOIN - BTC/USD rating 28,522.97 USD. The price registered an increase of +4.44% on the session and was between 27,174.42 USD and 28,790.42 USD. This implies that the price is at +4.96% from its lowest and at -0.93% from its highest.

27,174.42
28,790.42
28,522.97

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

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:

Central Records

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 bullish. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 15 minutes


Bearish engulfing lines

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 26,640.30 27,374.80 27,820.70 28,522.97 28,876.80 29,794.70 35,079.50
Change (%) -6.60% -4.03% -2.46% - +1.24% +4.46% +22.99%
Change -1,882.67 -1,148.17 -702.27 - +353.83 +1,271.73 +6,556.53
Level Intermediate Intermediate Minor - Minor Intermediate 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
Standard24,132.9925,394.7626,353.2027,614.9728,573.4129,835.1830,793.62
Camarilla26,701.0726,904.5927,108.1127,311.6327,515.1527,718.6727,922.19
Woodie23,981.3225,318.9326,201.5327,539.1428,421.7429,759.3530,641.95
Fibonacci25,394.7626,242.8826,766.8527,614.9728,463.0928,987.0629,835.18


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

Technical indicators
Moving averages

RSI (14): 75.99
MACD (12,26,9): 258.5900
Directional Movement: 24.70
AROON (14): 42.86
DEMA (21): 28,354.90
Parabolic SAR (0,02-0,02-0,2): 27,773.15
Elder Ray (13): 316.17
Super Trend (3,10): 28,047.44
Zig ZAG (10): 28,445.73
VORTEX (21): 1.2400
Stochastique (14,3,5): 79.54
TEMA (21): 28,531.70
Williams %R (14): -25.05
Chande Momentum Oscillator (20): 1,017.06
Repulse (5,40,3): -0.2900
ROCnROLL: 1
TRIX (15,9): 0.0800
Courbe Coppock: 6.47
MA7: 27,743.75
MA20: 24,356.04
MA50: 23,703.76
MA100: 21,391.32
MAexp7: 28,403.46
MAexp20: 28,071.53
MAexp50: 27,832.29
MAexp100: 27,792.64
Price / MA7: +2.81%
Price / MA20: +17.11%
Price / MA50: +20.33%
Price / MA100: +33.34%
Price / MAexp7: +0.42%
Price / MAexp20: +1.61%
Price / MAexp50: +2.48%
Price / MAexp100: +2.63%

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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