Bitcoin Price Evolution Analysis 01.12.2020
by CSM TRADER
nº243
BTC Price U $ 18,750
BTC price on Braziliex R $ 98,699
Price USD / BRL R $ 5.30.
Price EUR / BRL R $ 6.35.
Gold Price 1g R $ 303.76.
Good morning to all readers.
The price of Bitcoin timidly made its biggest rise ever, reaching the price range of $ 19,891, and with that it formed the biggest candle ever seen so far.
The price of Bitcoin did not manage to exceed the price area of $ 19,900 and with that it had a large dumping done by possible "Whales" where the price of Bitcoin at first arrived to test the price area of $ 18,880 and soon after it was reversed the price back and above the price range of $ 19,000 and $ 19,200.
In a second moment the price of Bitcoin failed to reverse the positive developments above the $ 19,400 price area and with that more eviction was made.
Now at the time of writing the Bitcoin price remains below the $ 18,700 price range and the probabilities of further disadvantages may arise if the Bitcoin price falls below the EMA 50 (H1) for the next sessions.
It will be necessary for the Bitcoin price if it is above the EMA 50 or above the $ 18,880 price area for the possible return above the $ 19,000 and $ 19,200 price area.
If the price of Bitcoin continues this negative evolution below the price range of $ 18,880 and $ 18,900, the disadvantages could reoccur below the price area of $ 18,700 and $ 18,660 and still extend below $ 18,550 .
This correction may be healthy for Bitcoin's price to “catch its breath” and thereby go back in search of the $ 20,000.
A daily close was made above the $ 19,690 price range.
For today, a daily close above the $ 19,000 price range will be very good.
The ideal would be to close the daily above the $ 19,200 price range.
Buyers have lost control of the situation and the disadvantages below the $ 19,000 price range are occurring and extending below the $ 18,800 and $ 18,760 price range.
The sellers are still in control of the situation and have already tested the price range of U $ 17,990.
It will be extremely important for buyers to insure sellers above the $ 18,000 area in order not to experience disadvantages below the $ 17,800 price area and to extend below the $ 17,600 area.
A daily close was made above the $ 19,690 price range.
For today it would be important to close above the price range of U $ 18,800 or U $ 19,000.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin today on Braziliex had and is in a strong correction after failing to exceed the price range of R $ 105,000.
The Bitcoin price on Braziliex came to test the price range of R $ 97,100 and went back above the price area of R $ 99,000, where now at the time of writing the price of Bitcoin remains in the price area of R $ 100,100.
It will be extremely important for the Bitcoin price on Braziliex to stay above the price range of R $ 98.00 and R $ 97,000 for the next sessions so as not to start having disadvantages below the price area of R $ 96.800 and with that it can be extended below R $ 96,200.
Buyers were back in control after losing and sellers managed to bring the price of Bitcoin up to the price range of R $ 97,000.
Now at the time of writing, buyers follow the price of Bitcoin on Braziliex above the price range of R $ 100,000 and must remain with the price of Bitcoin above the price range of R $ 98,000 to avoid having the disadvantages created by sellers below the price range of R $ 97,600 and R $ 97,000.
It follows buyers in an attempt to evolve above the R $ 100,400 price range.
Resistances: R $ 100,880 // R $ 102,277 // R $ 102,921 // R $ 103,710.
Support: R $ 99,463 // R $ 98,728 // R $ 97,885 // R $ 97,014.
RSI: It is at level 14 and has a downward bias.
https://www.tradingview.com/x/uI4XxHWQ
Graph: H4
Bitcoin's price remains below EMA 5 and below VWAP, however, it still remains above the Ichimoku Cloud.
The Bitcoin price needs to return above the VWAP (wine line) to return positive developments above the $ 19,000 price areas.
If the price of Bitcoin goes back to testing below the $ 18,700 price range, the possibilities for advances below $ 18,600 will not be ruled out, and with that advances below $ 18,500 may occur.
Buyers need to keep the Bitcoin price above the $ 18,200 price range for the next few sessions and as a result positive developments will occur.
Resistances: U $ 18,982 // U $ 19,186 // U $ 19,408 // U $ 19,618.
Supports: $ 18,820 // $ 18,450 // $ 18,151 // $ 17,821.
https://www.tradingview.com/x/5VMX7Q4f/
Graph: H1
Bitcoin's price remains above the EMAs 100 and 50 and still remains above the Ichimoku Cloud.
It will be necessary for the Bitcoin price to move upwards from EMA 5 and 20 to continue developments above the $ 19.00 price range.
The price of Bitcoin needs to remain above the price range of $ 19,000 and $ 19,200 in order to return to good consolidations and with that the return of developments above the price area of $ 19,400 may occur and thus extend above the price range of $ 19,550.
On the other hand, if Bitcoin's price falls below the $ 18,700 price range again, the disadvantages could extend further below and could extend below the $ 18,600 and $ 18,500.
It follows buyers in an attempt to continue developments above the price range of $ 18,900 and $ 19,000.
Resistances: U $ 18,965 // U $ 19,176 // U $ 19,372 // U $ 19,534.
Support: U $ 18,661 // U $ 18,489 // U $ 18,253 // U $ 18,018.
https://www.tradingview.com/x/FSwIHhH7/
Technical indicators: H1
RSI: The RSI in the BTC chart's H1 time is at level 13 and has a bullish bias.
https://www.tradingview.com/x/nvNrnQCl/
MACD: The MACD at the BTC chart time is at level 62 with a downward bias.
https://www.tradingview.com/x/B6mm2hwC/
OBV: The OBV at the BTC chart time H1 is at level 183 and has a bullish bias.
https://www.tradingview.com/x/r4XvZx3W/
Graph: M5
The price of Bitcoin follows below the VWAP but within the Ichimoku Cloud where the probability of standing out above it is great and with that the possibilities for new developments above the price range of $ 19,260 may occur in the short term.
Follow the buyers back to control of the situation and continue to try to evolve above the $ 19,200 price range.
Resistances: U $ 19,210 // U $ 19,300 // U $ 19,539.
Supports: $ 19,031 // $ 18,899 // $ 18,740.
https://www.tradingview.com/x/ZrfUNrH5/
BTC dominance 64.46%
“The most common cause of failure is the inability or unwillingness to change in the face of the demands of a new position. "-------- Peter Drucker
Continue following my review via Tradingview:
https://br.tradingview.com/chart/BTCUSDT/q3CrCnOq/
Make your registration on Braziliex and feel at home:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A
Follow My Analysis on TradingView:
https://br.tradingview.com/chart/BTCUSDT/q3CrCnOq/
Follow My Analysis on Twitter: https://twitter.com/BraziliexTrades?s=20
Follow My Review on Twitter: https://twitter.com/CSM_Trader
Follow My Analysis on Instagram: https://instagram.com/braziliex
Follow My Analysis on Facebook: https://www.facebook.com/braziliex/
Follow My Review on Flipboard: https://flipboard.com/@CSMTRADER007
Follow My Review on publish0x: https://www.publish0x.com?a=nXe0RKLGbx
With the BRZX Token you can:
💰 Sell by Bitcoin on Braziliex
💸 Keep in your account to get discounted rates
Register and earn BRZX Token:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
nº243
