BITCOIN - BTC/USD - 15 min. - Technical analysis published on 11/14/2022 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 16,487.50 USD
My targets
15,802.57 USD (-0.39%)
15,371.22 USD (-3.11%)
My analysis
BITCOIN - BTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 16,487.50 USD. The next support located at 15,802.57 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 15,371.22 USD. Below this support, sellers could then target 12,932.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.9
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 Beba1123. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USD rating 15,863.83 USD. The price is lower by -2.73% since the last closing with the lowest point at 15,801.27 USD and the highest point at 16,376.15 USD. The deviation from the price is +0.40% for the low point and -3.13% for the high point.15,801.27
16,376.15
15,863.83
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of BITCOIN - BTC/USD in 15 min. shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
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 signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
Bearish harami
Type : Bearish
Timeframe : 15 minutes
Bullish harami cross
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,835.20 | 12,932.90 | 15,563.90 | 15,863.83 | 16,357.70 | 16,839.40 | 17,490.70 |
| Change (%) | -69.52% | -18.48% | -1.89% | - | +3.11% | +6.15% | +10.26% |
| Change | -11,028.63 | -2,930.93 | -299.93 | - | +493.87 | +975.57 | +1,626.87 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15,371.22 | 15,802.57 | 16,056.15 | 16,487.50 | 16,741.08 | 17,172.43 | 17,426.01 |
| Camarilla | 16,121.36 | 16,184.15 | 16,246.94 | 16,309.72 | 16,372.51 | 16,435.29 | 16,498.08 |
| Woodie | 15,282.33 | 15,758.13 | 15,967.26 | 16,443.06 | 16,652.19 | 17,127.99 | 17,337.12 |
| Fibonacci | 15,802.57 | 16,064.22 | 16,225.86 | 16,487.50 | 16,749.15 | 16,910.79 | 17,172.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,641.75 | 12,102.83 | 14,438.55 | 17,899.63 | 20,235.35 | 23,696.43 | 26,032.15 |
| Camarilla | 15,180.16 | 15,711.53 | 16,242.91 | 16,774.28 | 17,305.65 | 17,837.03 | 18,368.40 |
| Woodie | 8,079.08 | 11,821.49 | 13,875.88 | 17,618.29 | 19,672.68 | 23,415.09 | 25,469.48 |
| Fibonacci | 12,102.83 | 14,317.20 | 15,685.25 | 17,899.63 | 20,114.00 | 21,482.05 | 23,696.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16,018.50 | 17,139.70 | 18,816.10 | 19,937.30 | 21,613.70 | 22,734.90 | 24,411.30 |
| Camarilla | 19,723.16 | 19,979.61 | 20,236.05 | 20,492.50 | 20,748.95 | 21,005.39 | 21,261.84 |
| Woodie | 16,296.10 | 17,278.50 | 19,093.70 | 20,076.10 | 21,891.30 | 22,873.70 | 24,688.90 |
| Fibonacci | 17,139.70 | 18,208.38 | 18,868.62 | 19,937.30 | 21,005.98 | 21,666.22 | 22,734.90 |
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): | 33.94 | |
| MACD (12,26,9): | -108.5800 | |
| Directional Movement: | -27.70 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 15,870.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 16,099.42 | |
| Elder Ray (13): | -108.21 | |
| Super Trend (3,10): | 16,116.28 | |
| Zig ZAG (10): | 15,864.64 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 11.81 | |
| TEMA (21): | 15,846.84 | |
| Williams %R (14): | -81.16 | |
| Chande Momentum Oscillator (20): | -247.13 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 2.18 |
| MA7: | 16,844.28 | |
| MA20: | 19,313.68 | |
| MA50: | 19,370.44 | |
| MA100: | 20,207.54 | |
| MAexp7: | 15,903.63 | |
| MAexp20: | 16,011.44 | |
| MAexp50: | 16,192.07 | |
| MAexp100: | 16,365.20 | |
| Price / MA7: | -5.82% | |
| Price / MA20: | -17.86% | |
| Price / MA50: | -18.10% | |
| Price / MA100: | -21.50% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -0.92% | |
| Price / MAexp50: | -2.03% | |
| Price / MAexp100: | -3.06% |
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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