Bitcoin Price Evolution Analysis 09.14.2021

by CSM TRADER                                                                                                                

 Nº 430

BTC price U$ 45.836.  

Price USD/BRL R 5.21.

Price EUR/BRL R 6.15.

Price Gold 1g R$ 301.11.

Good morning to all readers.

Bitcoin price is still in an uptrend above the price area of U$ 45,500 and the EMA (H1).

The Bitcoin price in the past sessions left the $44,600 price area and made a strong move upwards from the $46,000 price area to test the $46,946 price area and after an hour made a reverse move leaving the $46,300 price area and going to test the $43,300 price area. I call this a "Clean" in both LONG and SHORT.

Now at the time of writing, the Bitcoin price is tracking in the $45,877 price area.

It will be necessary for the Bitcoin price to continue its positive developments above the EMA 100 waiting for the EMA 20 where the EMA 5 has already arrived to provide support in the short term.

It will also be of utmost importance that the Bitcoin price achieves positive advances above $46,220 and $46,500, and still remains above these price areas so that further consolidations can be made and the possibilities of positive advances above $47,000 can emerge.

If the Bitcoin price fails to make continued positive moves above $46,000 and $46,360 in the near term, the downside corrections could come back below $45,500 and $45,000, and still extend below $44,780 and $44,500 and towards $43,500.

Only with continued positive advances above $46,500 and still holding above the EMA 200 for the arrival of the EMA 5 and 20 for the price of Bitcoin to succeed in further consolidations and go in search of the price areas of $47,000 and $47,320.

Below the EMA 100 (white line) the odds of the negative corrections extending below u$ 45,000 could arise again.

A close of the Journal above the $44,980 price area has been made.

For today, a close above the $46,220 price area would be important.

Ideally, a close above $46,666 would be important.

Buyers are still trying to get back to full control of the situation, where they need to keep the Bitcoin price above the price areas of U$45,500 and U$45,120 for the next few sessions, and still continue the positive developments above U$46,500, so they don't have big problems with sellers again creating the downside below U$45,000 and U$44,500.

Major areas of Resistance - U$46,000, U$46,320 and U$47,000.

Major Support areas - U$45,500, U$45,060 and U$ 444,780.

H4 chart:

Bitcoin price follows above the 5 and 20 EMAs, however it follows below the 200, 50 and 100 EMAs and below the Ichimoku Cloud.

It will be very important for the Bitcoin price to continue its positive developments above the price areas of $46,000 and $46,220 and stay above $46,000 for the next few sessions and with further consolidations above $45,900.

The buyers continue their attempts for positive evolutions above $46,000.

The big problem for buyers will be the price areas of $46,100 and $46,360 and keeping Bitcoin's price above them.

The chart in H4 will follow the whole week to have a parameter of the Bitcoin Price Evolution. Only some adjustments will be made.

Resistances: U$ 46.241 // U$ 46.938 // U$ 47.505 // U$ 48.215.

Supports: U$ 45,686 // U$ 45,131 // U$ 44,498 // U$ 43,776.

https://www.tradingview.com/x/qNfVzLsH/

H1 chart:

Bitcoin price follows above the 50, 20, 100 and 5 EMAs and above the Ichimoku Cloud, however it follows below the 200 EMA.

The price of Bitcoin needs the continuation of the positive developments above the EMA 200 (pink) and to remain in strong consolidations above it waiting for the EMA 5 and 20, in order to have a good and strong consolidation for the next positive movements above $46,500 and $47,220.

It follows buyers entering the price area of U$ 46,000, where they will have to go evolving and keeping the Bitcoin price above U$ 45,780 and U$ 46,000, so that sellers do not get in control of the situation and start creating the downside below U$ 45,500.

Resistances: U$ 46,101 // U$ 46,397 // U$ 46,699 // U$ 47,001.

Supports: U$45,841 // U$45,611 // U$45,254 // U$44,874.

https://www.tradingview.com/x/If233zY0/

Dominance 42.98 %.

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Nº 430