Analysis of the Evolution of the Price of Bitcoin 18.11.2020
by CSM TRADER
nº234
BTC price: U $ 18,048.
BTC price on: Braziliex R $ 95,251.
Price USD / BRL: R $ 5.32.
Price EUR / BRL: R $ 6.33.
Gold Price 1g: R $ 327.43.

Good morning to all readers.
The price follows an upward trend of $ 17,500.
As I had said in many of my analyzes that the price of Bitcoin would exceed the 2nd highest increase; and that’s what happened, the price of Bitcoin is making a new top every hour and good support to continue positive progress, and it’s getting closer and closer to the historic high of Bitcoin, which is in the area of price of $ 19,800 / $ 20,000.
In some past sessions, the price of Bitcoin made another new 2nd high and a new monthly high annually, reaching the price range of $ 18,478.
And it seems that, still, the price of Bitcoin has more strength to give continuity of positive advances above the resistance of U $ 18,500, since above U $ 17,000, U $ 18,000, U $ 19,000 the price of Bitcoin does not have strong resistance to be broken down as in the price areas below $ 16,800.
Bitcoin's price remains above the $ 18,000 price range and needs to remain above the $ 17,680 and $ 18,850 price ranges in order to continue consolidations and positive advances above the $ 18,000 price range and $ 18,200.
It will be necessary for the Bitcoin price to advance above the resistance in the price area of the $ 18,500 for possible developments above this price area and thereby give continuity to consolidations above the price area of the $ 18,160 for the possible developments above of $ 18,600 and $ 18,700.
Without this advance above the “new $ 18,500 price area” the Bitcoin price could go into exhaustion and begin a correction that could reach below the $ 18,000 price area and extend below the $ 18 price area. 17,920 where you will have to stop in this price area to have no more disadvantages below the $ 17,840 and $ 17,760.
Important for the Bitcoin price to stay above the EMA 20 (H1) to not have major disadvantages below this price area of the $ 17,700.
An excellent daily close was made above the $ 17,660 price point.
For today, a daily close above the $ 17,800 price range will be a good size. The ideal would be a closing above U $ 18,100.

Buyers are in control of the situation and “thirsty for a high” and are looking for the $ 20k.
Buyers are experiencing positive developments and new price levels that have not come in many years.
Another top evolution has been made where it is in the price range of $ 18,478 and with that the probabilities of advances above this price area and a search above the price area of $ 19,000 is not ruled out, that is; if buyers continue with positive developments above the $ 17,860 price range.
These advances by buyers can be related to several factors; one more is that above the price area of U $ 17,400, buyers will not have great resistance to being broken / broken and with that positive developments appear much faster than seen below U $ 17,000.
On the other hand, it will be of utmost importance for buyers to keep the Bitcoin price above the price areas of $ 17,900 and $ 17,860 for sellers not to gain strength below these price areas and thereby create further disadvantages that may extend under $ 17,550.
It follows buyers with positive developments above the $ 18,000 price range and in an attempt to advance above the $ 18,240 price range.
Do you think the Bitcoin price will reach the $ 20,000 price range before the end of November 2020 ???
Leave your comment. (: (:

Bitcoin TODAY on Braziliex: H1
Bitcoin price on Braziliex continues in full upward trend well above the price range of R $ 94,800.
The price of Bitcoin on Braziliex is making a historic high after another; the last historic high was made just now in the price range of R $ 98,000.
It will be important that the price of Bitcoin on Braziliex remains above the price range of R $ 96,200 for the next sessions so as not to miss these positive developments above R $ 97,000 and with that consolidations are being made for a possible advance above the price area of R $ 99,000 and even R $ 100.000,00
Buyers continue with their positive developments above the price range of R $ 97,000 and with that consolidations are being made and the probabilities of historical highs may arise.
Buyers are at a price level where there is no heavy resistance and as a result positive developments above R $ 98,200 and R $ 98,600 may appear soon.
It will be necessary for buyers to keep the Bitcoin price on Braziliex above the price range of R $ 97,200 in order not to miss the good developments made so far.
On the other hand, if the sellers take advantage and enter below the R $ 97,400 price area, they can extend the disadvantages below the R $ 95,600 price area where it would complicate the lives of buyers in a short-term resumption of developments above the price area of R $ 97,800.
It follows buyers in an attempt to evolve above the price range of R $ 98,000.
Do you think the price of Bitcoin on Braziliex will exceed the price range of R $ 110.000,00 in November 2020 ??
Leave your comment. (: (: (:
Resistances: R $ 97,562 // R $ 98,084 // R $ 98,800 // R $ 99,452.
Supports: R $ 96,909 // R $ 96,040 // R $ 95,063 // R $ 94,021.
RSI: It is at level 37 and has an upward bias.
https://www.tradingview.com/x/fBDMRfOx

Graph: H4
The price of Bitcoin continues with positive advances above the EMAs and above the Ichimoku Cloud Cloud.
It will be necessary for the Bitcoin price to continue its positive strides above the EMA 5.
The Bitcoin price needs a positive advance above the resistance formed in the $ 18,500 price area to continue the evolution and consolidation above the $ 18,200 and $ 18,400 price areas and thus the probabilities of and advances above the $ 18,700 and $ 18,820 price areas may arise.
A well-done break in the $ 18,860 price range could push Bitcoin's price above the $ 19,060 price area.
Buyers remain in control of the situation above the $ 18,000 price range.
It will be necessary for buyers to keep the Bitcoin price above the $ 18,000 price range for the next sessions so that sellers do not get into control of the situation and this can create disadvantages that may reach the $ 50 price area. 17,900 where buyers will have to bar sellers in this price area in order to have no further disadvantages below $ 17,840.
It follows buyers in an attempt to evolve above the $ 18,270 price range.
The chart on H4 had followed the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.
Resistances: U $ 18,280 // U $ 18,476 // U $ 18,766 // U $ 19,025.
Support: U $ 17,857 // U $ 17,487 // U $ 17,065 // U $ 16,712.
https://www.tradingview.com/x/njPPWqOt/

Graph: H1
Bitcoin's price remains above the EMAs and well above the Ichimoku Cloud.
The price of Bitcoin has evolved so far so far from writing above the $ 18,000 price range, where the Bitcoin price has the likelihood of further progress if it manages to overcome the resistance formed in the $ 18,500 price range and with that advances above U $ 18,660 may arise and still extend positively above U $ 18,720.
It will be necessary for the Bitcoin price to try to stay above VWAP (dark pink line) or even above EMA 20 (yellow line) in order not to start a stronger correction and miss the good progress made above the $ 17,800 price area. and $ 18,000 made so far.
Buyers are still struggling to move above the $ 18,300 price point.
It will be necessary to continue advances above the $ 18,200 price area for buyers to move out of a risk area that is to stick to the Bitcoin price below the $ 18,100 price area.
Buyers must also defend the $ 18,000 price range so that sellers do not gain strength below this price area and thereby extend the disadvantages below the $ 17,900 and $ 17,860 price range.
It follows buyers in an attempt to keep Bitcoin's price above the $ 18,100 price range and thereby advance above $ 18,270.
Resistências: U$ 18.253 // U$ 18.370 // U$ 18.470 // U$ 18.610.
Suportes: U$ 18.083 // U$ 17.957 // U$ 17.833 // U$ 17.640.
Bitcoin's price remains just below Fibo 0.382% in the price range of $ 18,062 compared to below $ 16,536 and is expected to continue its consolidations above Fibo 0.5% to continue positive developments; because below Fibo 0.618% in the price area of 17,479 the disadvantages will be greater.
It will be for the Bitcoin price an advance above Fibo 0.236% for positive developments to continue above the $ 18,500 price range.
It will be extremely important for buyers to advance above the price range of $ 18,200 and $ 18,300 for the next sessions, or the disadvantages created by sellers may again appear below the price range of $ 18,000.
Buyers need to defend the $ 18,000 price range.
https://www.tradingview.com/x/FQdvYCpU/

Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 27 and has a downward bias.
https://www.tradingview.com/x/TF2jqKkN/

MACD: The MACD at the BTC chart time is at level 295 and has a downward bias.
https://www.tradingview.com/x/ZNntT8pI/

OBV: The OBV at the BTC chart time H1 is at the 258 level and has a downward bias.
https://www.tradingview.com/x/Z6JNpPUD/

Graph: M5
The price of Bitcoin remains above the EMAs and above the Ichimoku Cloud from where it should stay so as not to start having disadvantages below that for the next session.
Buyers need to safeguard support in the $ 18,000 price range for the next session so as not to start experiencing disadvantages below $ 17,960.
Resistances: U $ 18,199 // U $ 18,256 // U $ 18,322 // U $ 18,386.
Support: U $ 18,031 // U $ 17,984 // U $ 17,914 // U $ 17,837.
https://www.tradingview.com/x/EpPTUxl2/

BTC dominance 68.92%

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nº234