Bitcoin Price Analysis Evolution 11/9/2020
by CSM TRADER
nº227
BTC price U $ 15,410.
BTC price on Braziliex R $ 84,276.
Price USD / BRL R $ 5.36.
Price EUR / BRL R $ 6.36.
Gold Price 1g R $ 346.53.
Good morning to all readers.
Bitcoin price follows an upward trend above the $ 15,320 and $ 15,400 price range.
The price of Bitcoin after reaching its peak in the month of November in the price area of the $ 15,960, just below the 2nd largest increase ever made so far in the price area of the $ 17,196.
Bitcoin's price this weekend (7 and 8/11) entered a correction below the $ 15,000 price range reaching the $ 14,343 price range; but on 8/11 it returned its positive evolution above the price area of U $ 15,000 and now at the time of writing it is in the price area of U $ 15,453 and continues in an upward trend as long as it is above the price area of $ 15,200 and the EMA 100.
Bitcoin's price may still undergo a slightly stronger correction before attempting to exceed the $ 17,000 and $ 18,000 price range.
It will be necessary for the Bitcoin price to stay above the EMA 100 (H1) for more positive advantages when near and with that probability of an advance above the resistance in the price area of the $ 15,600 being closer, for evolutions and consolidations above U $ 15,666 and return to an advance above U $ 16,000 and U $ 16,120.
Very important for the price of Bitcoin to exceed the price area of U $ 15,600 in the short term because, if the price of Bitcoin does not manage to overcome this resistance, disadvantages appear and, with this, it may extend at first until support in the area of price of U $ 15,200 and being able to visit the price area of U $ 15,160, below U $ 15,000 a probability of an advance to the price area of U $ 14,800 and U $ 14,760 becomes stronger.
Bitcoin's price closed the daily above the $ 15,470 price range.
For today, a close above the $ 15,500 price range would be a good size.
Buyers remain in control of the situation above the $ 15,400 price range and need a breakthrough above the $ 15,600 price range to achieve positive advances above it.
It will be very important this advance of the buyers above the resistance of U $ 15,600 to not go into exhaustion, and with that, the salespeople take advantage of and get in control of the situation and start again to create disadvantages that can extend again below the price area. of U $ 15,200 and U $ 15,000.
Buyers have to try to stop sellers from supporting $ 15,200 in order not to have disadvantages below that.
The boyfriends steal a daily close above the $ 15,470 price point.
For today, a daily close above the $ 15,400 price range would be a good thing.
It follows buyers in an attempt to advance above the $ 15,500 price point.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin on Braziliex this weekend (7 and 8/11), reached the price range of R $ 78,026 and thus making its biggest monthly low, against the biggest monthly high in the price area of R $ 89,910.
It is very important for the price of Bitcoin today on Braziliex to stay above the price range of R $ 81,550 so as not to fall into disadvantages below the price area of R $ 82,600 and with this being able to extend these disadvantages below R $ 81,800.
Buyers remain in control of the situation with the Bitcoin price on Braziliex as long as they stay above the price range of R $ 81,500 to complete and as a result consolidations above the price range of R $ 82,200 are being made for a possible advance above R $ 84,400.
This advance by buyers above the resistance of R $ 84,400 will be necessary to continue advances above the price area of R $ 85,000, as complemented.
On the other hand, if buyers fail to make this advance and stick to the price of Bitcoin in consolidations above the price range of R $ 84,500 and R $ 85,000; sellers take advantage of the situation and get in control and thereby create disadvantages that reach below the price range of R $ 83,200 where buyers need to bar sellers in the price area of R $ 82,800 so that they no longer have disadvantages below this area of price.
It follows buyers in an attempt to advance above the R $ 84,000 price range in the short term.
Resistances: R $ 83,838 // R $ 84,593 // R $ 85,125 // R $ 85,811.
Supports: R $ 82,786 // R $ 81,894 // R $ 81,104 // R $ 80,109.
RSI: It is at level 39 and stabilized.
https://www.tradingview.com/x/vX92ESK5
Graph: H4
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
It will be necessary for the Bitcoin price to advance above the $ 15,600 resistance so that the continuation of positive advances above this price area will reappear and with that the possibilities of an advance above $ 15,700 may occur.
If the price of Bitcoin fails to exceed the $ 15,600 price range, disadvantages could appear below $ 15,400 and $ 15,360.
Buyers need a breakthrough above the $ 15,600 price range in order to continue with good consolidations and developments above this price range and to avoid exhaustion.
Resistances: U $ 15,506 // U $ 15,735 // U $ 15,964 // U $ 16,198.
Support: U $ 15,277 // U $ 15,090 // U $ 14,866 / U $ 14,613.
https://www.tradingview.com/x/r0YJaP7l/
Graph: H1
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
It will be extremely important for the Bitcoin price to stay above the EMA 50 so as not to start having disadvantages below that.
Buyers need a breakthrough and consolidations above the price range of $ 15,520 and $ 15,600 for the next sessions, so as not to be exhausted by attempts and with that the sellers get in control of the situation.
Buyers need to keep Bitcoin's price above the $ 15,450 price range in the short term for developments above $ 15,550 to emerge.
It follows buyers with evolutions above U $ 15,500 and with attempts to overcome the resistance of U $ 15,600.
Resistances: U $ 15,553 // U $ 15,650 // U $ 15,763 // U $ 15,890.
Support: U $ 15,447 // U $ 15,355 // U $ 15,239 // U $ 15,084.
Bitcoin's price remains above Fibo 0.382% in the $ 15,351 price area where it should remain, so as not to have possible disadvantages below Fibo 0.5% in the $ 15,158 price area, where the probabilities of further disadvantages may occur.
An advance above Fibo 0.236 or above the $ 15,600 price range for the next sessions will be extremely important for buyers, or the disadvantages created by sellers may appear.
https://www.tradingview.com/x/cLpFov7c/
Technical indicators: H1
RSI: The RSI at the BTC chart time H1 is at level 25 and has a bullish bias.
https://www.tradingview.com/x/yBIeKAC9/
MACD: The MACD at the BTC chart time is at level 56 and with a slight upward bias.
https://www.tradingview.com/x/UgWB1enm/
OBV: The OBV at BTC's H1 chart time is at level 163 and with a slight upward bias.
https://www.tradingview.com/x/PWzF5OZl/
Graph: M5
Bitcoin's price remains below EMA 5 from where it should surpass to return positive developments above the $ 15,540 price range in the short term
Buyers need to price Bitcoin above EMA 50 in order not to start having the disadvantages created by sellers below the $ 15,400 price range.
Resistances: U $ 15,509 // U $ 15,551 // U $ 15,582 // U $ 15,616.
Support: U $ 15,469 // U $ 15,437 // U $ 15,407 // U $ 15,371.
https://www.tradingview.com/x/mwfSUESe/
BTC dominance 65.96%
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nº227
