Bitcoin Price Evolution Analysis 10.12.2020
by CSM TRADER
nº250
BTC price U $ 18,284.
BTC price on Braziliex R $ 96,741.
Price USD / BRL R $ 5.17.
Price EUR / BRL R $ 6.26.
Gold Price 1g R $ 303.28.
Good morning to all readers.
Bitcoin price follows a downward trend below the $ 18,500 price range.
It is necessary an evolution and its continuation of consolidations above the price range of U $ 18,500, so that the price of Bitcoin returns with its upward trend above it, and thus being able to go in search of “clean” the area of first price of $ 18,900 and then $ 19,000; or staying below $ 18,400 the disadvantages may follow.
The price of Bitcoin in past sessions has managed to advance above the $ 18,500 price range, arriving and testing in the $ 18,642 price range.
Now at the time of writing, the Bitcoin price is below the $ 18,300 price range and needs to go back above the $ 18,440 price range to continue positive developments and return attempts at advances back above the price of $ 18,500 and try to break the price of $ 18,650 for new developments and consolidations above this price area where you can gain strength and continue above $ 18,700.
If the price of Bitcoin fails to exceed the price range of $ 18,500 and $ 18,600 the disadvantages may occur and thus may extend below the support formed in the price area of $ 18,150 and still reach even below the U $ 18,100.
The price of Bitcoin needs to stay above the price range of $ 18,150 for the next sessions in order to have no disadvantages below this.
The price of Bitcoin cannot only break support in the price range of $ 18,000 as there, the disadvantages may be much greater and may fall below the $ 17,880 and $ 17,740.
In the case mentioned above, if the price of Bitcoin returns to the price range of U $ 17,800, positive developments above U $ 18,000 will have to return in the short term, as if negative corrections continue below it, the disadvantages may be extend and continuity of disadvantages below $ 17,740 may occur and extend below $ 17,680.
A good close of the daily was made above the price range of $ 18,523.
For today, a good daily close remains above the price range of $ 18,500.
Buyers achieved a good evolution out of a risky area that would be to keep Bitcoin's price below the $ 18,150 price range.
Now at the time of writing, buyers are priced at Bitcoin in the price range of $ 18,260 and need to continue positive strides upwards in the price areas of $ 18,320 and $ 18,460 to return to attempts at consolidations and stay with the Bitcoin price above the price range of $ 18,550 and $ 18,600.
It will be of utmost importance for buyers to keep Bitcoin's price above the $ 18,150 support so as not to let sellers gain strength below this price area.
If sellers manage to lower the Bitcoin price below the $ 18,150 price range, they could create disadvantages that could extend below the $ 18,100 and $ 18,060 price range where buyers will have to bar these created disadvantages at all costs. by sellers because below $ 18,000 the disadvantages may be much greater.
A good close of the diary was made by buyers above the price range of $ 18,532.
For today, buyers need this continuity of closing the daily above the price range of $ 18,500.
It follows buyers in an attempt to hold sellers above the $ 18,150 price range and evolve to try to make a good move above the $ 18,260 and $ 18,360 price range for the next sessions.
Bitcoin TODAY on Braziliex: H1
Bitcoin price on Braziliex continues to struggle with advances above the R $ 98,000 price range.
The price of Bitcoin today on Braziliex is in the price range of R $ 95,011.
The Bitcoin price on Braziliex has failed to make advances above the R $ 98,000 price range and thus low corrections to the R $ 97,000 price range are being made and extending below R $ 96,200.
It will be necessary for the Bitcoin price on Braziliex to remain above the price range of R $ 93,200 for the next sessions, so as not to fall into heavier disadvantages below the price area of R $ 92,200 and with that it may extend below R $ 91,600.
Buyers are weakening as sellers are gaining control of the situation below the R $ 96,200 price range.
It will be extremely important for buyers to regain control of the situation and return positive developments above the price range of R $ 96,200 so as not to let sellers become stronger below R $ 94,600, and thus being able to continue with the disadvantages below those R $ 94,200 and still being able to extend these disadvantages below the R $ 94,000 price area.
It follows buyers in an attempt to insure sellers with the Bitcoin price on Braziliex above the price range of R $ 955,000 and R $ 94,800.
Resistances: R $ 95,612 // R $ 96,671 // R $ 97,460 // R $ 98,226.
Supports: R $ 94,966 // R $ 94,109 // R $ 93,095 // R $ 92,239.
RSI: It is at level 51 and has a downward bias.
https://www.tradingview.com/x/vZJsJFxp
Graph: H4
Bitcoin's price remains below EMAs, below VWAP and still below the Ichimoku Cloud.
Only one advance above the EMA 100 (white line) for the possible turns of positive advances above the price areas of $ 18,450 and $ 18,500.
The price of Bitcoin now at the time of writing follows below the price range of $ 18,180 and thus the disadvantages may be understood below $ 18,100.
It is extremely important for the Bitcoin price to stay above the price range of $ 18,000, as below this support the disadvantages may extend below the $ 17,800 and go in search of the last fund formed in the price area of the $ 17,650.
Buyers are increasingly weakening below the $ 18,200 price range and so sellers gain strength and are looking for a possible test in the $ 18,000 price range and may still be able to extend and create more disadvantages below the U $ 17,940 and $ 17,880.
Buyers must bar sellers above the $ 18,000 price range.
It follows buyers in an attempt to evolve Bitcoin's price above the $ 18,200 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 $ 18,342 // U $ 18,577 // U $ 18,816 // U $ 18,997.
Support: U $ 18,151 // U $ 17,941 // U $ 17,711 // U $ 17,525.
https://www.tradingview.com/x/hQi99gJ4/
Graph: H1
Bitcoin's price remains below EMAs, but entering the Ichimoku Cloud.
An advance above the EMA 20 (yellow line) for possible developments above the $ 18,350 price range will be important for the Bitcoin price.
The price of Bitcoin remains at risk of further disadvantages if it returns and continues to fall below the Ichimoku Cloud, and with that it may return below the price range of $ 18,100 and $ 18,080.
Buyers need a good positive breakthrough above the $ 18,280 price range for the next few sessions, so that consolidations above this price area will reappear, and with that, developments above $ 18,300 may appear.
The sellers are still in control of the situation and making it difficult for buyers to make advances above $ 18,200.
This advance of buyers will be necessary to avoid falling into possible disadvantages created by sellers below the price range of $ 18,150 and $ 18,100.
It follows buyers in an attempt to evolve above the $ 18,200 price range.
Resistances: U $ 18,196 // U $ 18,279 // U $ 18,378 // U $ 18,474.
Support: U $ 18,095 // U $ 17,990 // U $ 17,879 // U $ 17,787.
https://www.tradingview.com/x/OeuZLeSP/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at the 0.20 level and bearish bias.
https://www.tradingview.com/x/bg826oBI/
MACD: The MACD at the BTC chart time is at the -52 level with a downward bias.
https://www.tradingview.com/x/p0YAexSh/
OBV: The OBV at BTC's H1 chart time is at level 150 and has a downward bias.
https://www.tradingview.com/x/CzxZMbKx/
Graph: M5
Bitcoin price follows below VWAP and below BB's central line (Bollinger Bands)
Only an advance above the price range of U $ 18,260 and U $ 18,300 for the return of positive developments to return in the short term.
A breakthrough above the VWAP (wine line) will be important for the Bitcoin price to return to attempts at positive developments above $ 18,260 and leaves a risk area that is to stay below the VWAP.
Buyers are still in the “struggle” to try to hold on to sellers, and still make good progress above the $ 18,150 price point.
Resistances: U $ 18,201 // U $ 18,260 // U $ 18,320 // U $ 18,390.
Supports: U $ 18,145 // U $ 18,074 // U $ 18,006 // U $ 17,948.
https://www.tradingview.com/x/crRujnED/
BTC dominance 62.80%
“Bitcoin represents not only the future of payments, but also the future of governance. "----- Dee Hock
Continue to follow my analysis also through Tradingview:
https://br.tradingview.com/chart/BTCUSDT/wLtmQetT/
Make your registration on Braziliex and feel at home:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
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
nº250
