BITCOIN - BTC/USD
BITCOIN - BTC/USD
- USD (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/16/2020 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 4,971.03 USD
My targets
5,474.44 USD (+7.28%)
5,847.17 USD (+14.59%)
My analysis
BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4,971.03 USD. The next resistance located at 5,474.44 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5,847.17 USD. After this resistance, buyers could then target 6,350.58 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.4

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 5,102.73 USD. The price registered a decrease of -4.51% on the session with the lowest point at 4,435.34 USD and the highest point at 5,347.01 USD. The deviation from the price is +15.05% for the low point and -4.57% for the high point.

4,435.34
5,347.01
5,102.73

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



A study of price movements over other periods shows the following variations:
The Central Volumes scanner detects abnormal volumes on the asset:

Central Volumes

Abnormal volumes

Timeframe : 5 days

Technical


A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 15 minutes


Support of channel is broken

Type : Bearish

Timeframe : 15 minutes



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3,182.14 3,926.30 4,853.00 5,102.73 5,875.21 7,423.21 7,982.89
Change (%) -37.64% -23.05% -4.89% - +15.14% +45.48% +56.44%
Change -1,920.59 -1,176.43 -249.73 - +772.48 +2,320.48 +2,880.16
Level Major Minor Intermediate - Major Minor Intermediate



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
Standard4,094.894,598.304,971.035,474.445,847.176,350.586,723.31
Camarilla5,102.835,183.155,263.465,343.775,424.085,504.405,584.71
Woodie4,029.564,565.634,905.705,441.775,781.846,317.916,657.98
Fibonacci4,598.304,932.985,139.755,474.445,809.126,015.896,350.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-1,851.571,037.373,102.235,991.178,056.0310,944.9713,009.83
Camarilla3,804.814,258.904,713.005,167.105,621.206,075.306,529.40
Woodie-2,263.60831.352,690.205,785.157,644.0010,738.9512,597.80
Fibonacci1,037.372,929.724,098.825,991.177,883.529,052.6210,944.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,742.507,090.907,809.009,157.409,875.5011,223.9011,942.00
Camarilla7,958.818,148.248,337.678,527.108,716.538,905.969,095.39
Woodie5,427.356,933.337,493.858,999.839,560.3511,066.3311,626.85
Fibonacci7,090.907,880.308,368.009,157.409,946.8010,434.5011,223.90

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): 61.17
MACD (12,26,9): 66.1100
Directional Movement: 13.43
AROON (14): 28.57
DEMA (21): 5,093.69
Parabolic SAR (0,02-0,02-0,2): 5,011.00
Elder Ray (13): 64.64
Super Trend (3,10): 4,821.77
Zig ZAG (10): 5,125.47
VORTEX (21): 1.2000
Stochastique (14,3,5): 61.17
TEMA (21): 5,145.59
Williams %R (14): -41.21
Chande Momentum Oscillator (20): 12.02
Repulse (5,40,3): -0.5500
ROCnROLL: 1
TRIX (15,9): 0.2100
Courbe Coppock: 4.31
MA7: 5,985.95
MA20: 7,741.65
MA50: 8,918.03
MA100: 8,319.25
MAexp7: 5,073.82
MAexp20: 5,009.79
MAexp50: 4,972.62
MAexp100: 5,044.57
Price / MA7: -14.75%
Price / MA20: -34.09%
Price / MA50: -42.78%
Price / MA100: -38.66%
Price / MAexp7: +0.57%
Price / MAexp20: +1.86%
Price / MAexp50: +2.62%
Price / MAexp100: +1.15%

This member declared not having a position on this financial instrument or a related financial instrument.

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