Bitcoin Price Evolution Analysis 03.12.2020
by CSM TRADER
nº245
BTC price U $ 19,222.
BTC price on Braziliex R $ 100,769.
Price USD / BRL R $ 5.21.
Price EUR / BRL R $ 6.31.
Gold Price 1g R $ 306.87.
Good morning to all readers.
Bitcoin price follows an upward trend as long as it stays above the price range of $ 19,200 and $ 19,000 for the next sessions.
The price of Bitcoin is evolving well above the price range of $ 19,200 and with that consolidations are being made above it.
Now at the time of writing the price of Bitcoin remains above the price range of $ 19,260, where it has already tested the price area of $ 19,450.
It will be necessary for the Bitcoin price to return above the resistance of $ 19,350 to continue positive developments above the price area of $ 19,450 and with that, the possibilities for advances above the next resistance in the area of $ U $ 19,500 may occur.
With the evolutions made above U $ 19,500 and U $ 19,580 the possibilities of advances above the price range of U $ 19,660 and U $ 19,720 may occur and, with that, the price of Bitcoin may extend these positive developments above the price area of $ 19,860 and thus a test over $ 19,900 may arise.
Bitcoin's price will have to remain above the $ 19,200 price range and above the EMA 50 (H1) to avoid starting to have disadvantages below the $ 19,000 and $ 18,960 price range.
A daily close was made above the price range of $ 19,200.
For today, a good closing of the daily would be above the price area of U $ 19,350 and thus the possibilities of consolidations and advances above the price area of U $ 19,500 could appear.
Buyers are still in control of the situation and are again finding it difficult to exceed the $ 19,350 price range.
A few sessions in the past, buyers have already tried out the $ 19,450 price range.
Now at the time of writing, buyers continue with the Bitcoin price above the $ 19,300 price range, where they can once again go in search of a break above the $ 19,450 price range and with that positive developments above $ 19,500 and $ 19,560 may appear for the next sessions.
Buyers need to keep the Bitcoin price at least above the price range of $ 19,200 and $ 19,140 so as not to be at risk of sellers getting in control of the situation and thus the possibilities for negative advances below the price area of $ 19,000.
With sellers in control of the situation, the possibilities for negative advances below the $ 18,880 and $ 18,780 price range may occur, where it will be necessary for buyers to stop sellers above the $ 18,720 price range so they don't fall into more disadvantages created by sellers where you are disadvantaged may still extend below the price range of $ 18,660 and $ 18,580.
A daily close was made above the price range of $ 19,200.
For today, a close above the price range of U $ 19,350 or U $ 19,400 would be a good one.
Ideally, the daily close above the price range of $ 19,520.
It follows buyers in an attempt to evolve above the $ 19,260 price range.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin today on Braziliex continues with its consolidations and positive developments above the price range of R $ 99,200.
These developments and consolidations above R $ 99,000 will be important for a continuation of positive developments above the price range of R $ 100,400 and R $ 102,000.
Bitcoin price on Braziliex may face strong resistance to overcoming the price range of R $ 103,000; but this advance above this price area will be extremely important for developments above R $ 104,600 and R $ 105,000 to arise.
It will be necessary for the next sessions that the price of Bitcoin on Braziliex stays above the price range of R $ 100,000 and R $ 99,400, because below the price area of R $ 98,600 the disadvantages may start to appear stronger and thus extend below the price range of R $ 98,000 and R $ 97,600.
Buyers are in control of the situation as long as they keep the Bitcoin price on Braziliex above the price range of R $ 99,000.
It will be necessary for buyers to continue making advances above the price range of R $ 102,000 for the next sessions as they will thus be able to gain strength and extend these positive developments above the price area of R $ 103,000.
If buyers fail or go into exhaustion to evolve Bitcoin price on Braziliex above the price range of R $ 102,600 and R $ 103,000 the sellers will be able to take advantage of the situation and get in control.
With the sellers in control of the situation, the disadvantages can be created where they can reach the price range of R $ 99,200 where the buyers will have to bar the sellers above the R $ 99,000 because below the disadvantages can extend below the price area of the R $ 98,800.
It follows buyers on Braziliex in an attempt to achieve positive developments above the price range of R $ 102,000.
Resistances: R $ 102,524 // R $ 103,102 // R $ 103,852 // R $ 104,559.
Support: R $ 100,895 // R $ 100,060 // R $ 99,331 // R $ 98,303.
RSI: It is at level 78 and with a low downward bias.
https://www.tradingview.com/x/FGz6rH5V
Graph: H4
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
Bitcoin's price remains above the $ 19,300 price range and with good consolidations above $ 19,160.
It will be necessary for the Bitcoin price to continue above the price range of $ 19,200 and $ 19,300 for consolidations to strengthen and with that the possibilities for advances above the price areas of $ 19,460 and $ 19,500 may arise for the next sessions.
The Bitcoin price remains supported above VWAP and above EMA 5 where it should remain to continue consolidations between the $ 19,000 and $ 19,400 price areas.
Buyers remain in control of the situation and will therefore need to keep the Bitcoin price above the price range of $ 19,200 and $ 19,000 to continue positive developments and consolidations on top of it.
Below the $ 19,200 price range, buyers may lose control of the situation to sellers, so sellers may try to create disadvantages that may extend below $ 19,000, where buyers will have to defend themselves above the price range. price of $ 18,920 so you don't have any losses under this price area.
It follows buyers in attempts to evolve over the $ 19,300 price range and thus protecting the $ 19,200 price range.
The chart on H4 will follow the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.
Resistances: U $ 19,459 // U $ 19,687 // U $ 19,937 // U $ 20,122.
Supports: U $ 19,284 // U $ 10,095 // U $ 18,920 // U $ 18,705.
https://www.tradingview.com/x/hq2D5SLs/
Graph: H1
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
The price of Bitcoin is in major consolidations above the $ 19,000 price range and with that positive and negative developments are emerging and thus the possibilities for a good evolution above the $ 19,500 price range may arise, for the next sessions.
It will be extremely important that these consolidations and evolutions continue to happen so that the price of Bitcoin evolves with strength and well sustained so that there will be no more negative negative developments and may still extend above the price area of $ 19,760.
The price of Bitcoin needs to remain above the asking area of $ 19,000 and $ 18,920 for these developments and consolidations to continue.
Buyers remain in control of the situation and thus they are strengthening themselves above the price range of U $ 19,000 and U $ 19,200, where it will be extremely important that they stick to the Bitcoin price to continue the developments and consolidations above them.
It will be important for buyers to protect the support of U $ 19,000 and U $ 19,880 very well in order not to have major disadvantages below these price areas created by the sellers, because below U $ 18,800 the disadvantages may be greater and extend below U $ 18,760 and $ 18,660.
It follows buyers above EMA 5 and above the $ 19,400 price range, and the possibilities for a breakthrough above $ 19,500 may appear for the next sessions; but as a reminder, buyers should keep the Bitcoin price above EMA 20 or above $ 19,200 in order not to miss the good developments to consolidations made so far.
Resistances: U $ 19,428 // U $ 19,550 // U $ 19,647 // U $ 19,756.
Support: U $ 19,296 // U $ 19,161 // U $ 19,049 // U $ 18,908.
https://www.tradingview.com/x/YApE6Eyn/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 91 and has a downward bias.
https://www.tradingview.com/x/wobpf08X/
MACD: The MACD at the BTC chart time is at level 73 with a slight upward bias.
https://www.tradingview.com/x/WLramz2w/
OBV: The OBV in the BTC chart's H1 time is at level 174 and has a downward bias.
https://www.tradingview.com/x/meSXNkA8/
Graph: M5
Bitcoin's price follows above VWAP, above Ichimoku Cloud and above BB's centerline.
Bitcoin price needs to continue above BB's central line for possible advances above the $ 19,450 and $ 19,500 price range.
It follows buyers in an attempt to break through the $ 19,500 price point for the next session.
Resistances: U $ 19,456 // U $ 19,538 // U $ 19,586 // U $ 19,644.
Support: U $ 19,367 // U $ 19,296 // U $ 19,237 // U $ 19,163.
https://www.tradingview.com/x/MZagIfMs/
BTC dominance 63.85%
“I think Bitcoin is the first [encrypted money] that has the potential to do something like change the world. "----- Peter Thiel
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nº245
