Bitcoin Price Evolution Analysis 07.12.2020
by CSM TRADER
nº247
BTC price U $ 19,220.
BTC price on Braziliex R $ 99,999.
Price USD / BRL R $ 5.15.
Price EUR / BRL R $ 6.23
Gold Price 1g R $ 304.29.
Good morning to all readers.
Bitcoin price follows an upward trend, since I stay above the price range of $ 19,120 and $ 19,000 for the next sessions.
Bitcoin's price this weekend (5th and 6th) was between the $ 19,000 and $ 19,180 price areas, even testing the $ 18,855 and $ 19,423 price era.
Bitcoin's price failed to continue its positive evolution above the $ 19,423 price range and with that comes corrections.
Now at the time of writing the Bitcoin price remains above the price range of $ 19,120, where it should remain above the price area of $ 19,080 and $ 19,000 for the continuation of positive advances above these price areas.
It will be extremely important for the Bitcoin price to continue positive advances above EMA 100 (H1), as below it the disadvantages may occur below the $ 19,000 price range and still extend below the price areas of $ 18,880 and $ 18,700.
The Bitcoin price needs an advance above the price range of $ 19,400 and $ 19,500 for the next sessions to avoid the risk of losses below $ 19,000.
A daily close was made above the price range of $ 19,355.
For today, a close above the $ 19,200 price range will be a good size.
Buyers remain in control of the situation as long as they keep the Bitcoin price above the $ 19,000 price range.
Good developments were made by buyers above the $ 19,320 price range and where they even managed to test the $ 19,423 price range, but failed to continue advances above the $ 19,500 resistance.
Buyers need to continue consolidations and positive advances above the price range of $ 19,120 and $ 19,200 for the next sessions.
It will be important for buyers to stick with the Bitcoin price above the $ 19,120 price range in order not to start entering an area of risk of possible losses below it and thus, may extend below the $ 19,000 where sellers they can gain more strength and extend these disadvantages below the $ 18,880 and $ 18,760 price areas.
A daily close was made above the $ 19,350 price range.
It will be extremely important for buyers to close above the $ 19,000 price range; because below this price area, sellers will take control of the situation and may take the price of Bitcoin to the price area of the very lowest of $ 18,736 and $ 18,640.
It follows buyers in an attempt to evolve above the $ 19,200 price range; where they are showing some difficulty in positive developments above it.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin this weekend on Braziliex, followed in consolidations above the price area of R $ 98,600 and reaching the price area of R $ 97,055 and then tested the price area of R $ 101,779.
Bitcoin's price today on Braziliex remains above the R $ 99,000 price range.
Now at the time of writing, the price of Bitcoin Braziliex is in the price range of R $ 99,999, where the consolidations and positive developments above the price range of R $ 98,200 should continue for evolutions above the price area of the R $ 100,200.
For the next sessions, it will be important for the Bitcoin price on Braziliex to stay above the price range of R $ 98,200 in order not to fall in losses below the price area of R $ 98,000 and extend below R $ 97,600.
Buyers remain in control of the situation and as a result, positive developments are being made above the price areas of R $ 98,000 and R $ 99,000.
It will be extremely important for buyers on Braziliex to continue positive developments above the price range of R $ 98,000, for possible developments above the price range of R $ 100,200 and R $ 100,800.
If buyers fail to evolve above R $ 100,200, the disadvantages may arise made by the sellers, and the sellers may enter control of the situation and create the disadvantages below the R $ 99,000 price area where buyers will have to bar the above sellers. of the price area of R $ 98,600 so that they no longer have disadvantages below this price
It follows buyers in an attempt to evolve above the price range of R $ 100,100.
Resistances: R $ 99,999 // R $ 100,415 // R $ 100,973 // R $ 101,655.
Support: R $ 99,661 // R $ 99,017 // R $ 98,411 // R $ 97,855.
RSI: It is at level 67 and has an upward bias.
https://www.tradingview.com/x/qn649yHq
Graph: H4
Bitcoin's price remains above the EMAs 20, 50 and 100 and above the Ichimoku Cloud; but below EMA 5 and below VWAP.
It will be important for the Bitcoin price to return above the price range of $ 19,200 and $ 19,260 for the next sessions, so as not to start having negative developments below the price area of $ 19,120 and $ 19,100.
If the price of Bitcoin fails to evolve and consolidate above the U $ 19,200 and U $ 19,280 price areas, the disadvantages below U $ 19,120 may arise and should remain above the U $ 19,000 price area in order not to have large disadvantages below $ 18,800.
Buyers continue to try to evolve above the $ 19,200 price range and continue to attempt to safeguard sellers' $ 19,120 price range.
It will be of utmost importance that buyers stop sellers above the $ 19,000 support in order not to have the disadvantages created by sellers below $ 19,960 and $ 19,880.
Follow buyers with the Bitcoin price above the $ 19,180 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 $ 19,288 // U $ 19,404 // U $ 19,517 // U $ 19,658.
Support: U $ 19,151 // U $ 19,010 // U $ 18,838 // U $ 16,661.
https://www.tradingview.com/x/neflrc4C/
Graph: H1
Bitcoin's price remains above the 50 and 100 EMAs and above the Ichimoku Cloud.
It will be important for the Bitcoin price to return above EMA 5 so that possible evolutions and consolidations above $ 19,260 will occur again.
The price of Bitcoin needs to remain and consolidate above the price range of $ 19,000 and $ 19,120 in order not to have the possible disadvantages below them.
It will be very important for the Bitcoin price to evolve and consolidate above the $ 19,300 price area for the next sessions to move out of a risk area that is below $ 19,200 and $ 10,120.
Buyers need developments above the price range of $ 19,260 and $ 19,300.
If buyers are unable to achieve these developments for the next sessions; they will have to at least keep the Bitcoin price above the $ 19,080 price range to give the consolidations and developments above it.
Buyers need to keep Bitcoin price above EMA 100 (white line)
It follows buyers with the Bitcoin price above the $ 19,200 price range.
Resistances: U $ 19,237 // U $ 19,308 // U $ 19,385 // U $ 19,449.
Support: U $ 19,162 // U $ 19,086 // U $ 19,000 // U $ 19,914.
https://www.tradingview.com/x/9w7fmZwW/
Technical indicators: H1
RSI: The RSI at the BTC chart time H1 is at level 4 and stabilized.
https://www.tradingview.com/x/nHJy25yc/
MACD: The MACD at the BTC chart time is at level 31 with a downward bias.
https://www.tradingview.com/x/YlX10mpS/
OBV: The OBV at the BTC H1 chart time is at level 163 and has a bullish bias.
https://www.tradingview.com/x/WtZzFT5N/
Graph: M5
Bitcoin's price follows well below BB's central line and also below VWAP and the Ichimoku Cloud.
The price of Bitcoin needs a resumption of developments above those cited for possible developments above the price areas of $ 19,260 and $ 19,300.
Buyers continue to struggle with positive advances above the price range of $ 19,200 and $ 19,240.
Resistances: U $ 19,205 // U $ 19,231 // U $ 19,254 // U $ 19,282.
Support: U $ 19,169 // U $ 19,147 // U $ 19,121 // U $ 19,097.
https://www.tradingview.com/x/dogYoH0W/
BTC dominance 62.59%
"Since we are all rich in Bitcoins ... we should put some of that wealth to use." ------ Hal Finney
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nº247
