Bitcoin Price Evolution Analysis 11/29/2021
by CSM TRADER
- 472
BTC price U$ 57.260.
Price USD/BRL R$ 5.60.
Price EUR/BRL R$ 6.33.
Price Gold 1g R$ 322.88.
Good morning all readers.
Hackers are now using compromised Cloud accounts to extract encryption.
Attackers are exploiting misconfigured cloud accounts to mine crypto, Google warned users in a recent report.
Cryptocurrency mining is a compute-intensive activity. And Google Cloud customers can access it for a cost. However, miners are now hacking Google Cloud accounts for mining purposes.
In the report titled "Threat Horizons," Google's cybersecurity team assessed various threats to cloud users, providing details of the breaches.
In the report, the cybersecurity team analyzed 50 recently compromised Google Cloud accounts. And of those, 86 percent were related to crypto mining. "Malicious actors were observed performing cryptocurrency mining on compromised cloud instances," Google wrote.
Another threat the team identified was a phishing attack by a Russian group called APT28, or Fancy Bear. The attackers targeted 12,000 Gmail accounts in a mass phishing attempt. They tried to trick users into handing over their login details. Google, however, said that it blocked all phishing emails and no users were compromised.
The report also recommends some ways to prevent these attacks. One of these is to enable two-factor authentication.
The price of Bitcoin follows me uptrend above the U$55,920 price area and the 100 EMA (H1).
The Bitcoin price in past sessions, was in consolidations between the U$54,200 and U$55,100 price areas, making a bottom in the U$53,245 price area.
After this bottom formed, the Bitcoin price started with strong positive moves upwards from the U$54,000, U$55,000, U$56,000 and U$57,000 price areas, even testing the U$58,338 price area, and came back with negative corrections up to the U$56,724 price area just now.
Now at the time of writing the Bitcoin price is tracking in the U$57,330 price area, and attempting a recovery above U$57,500.
The Bitcoin price needs to return to positive developments above the $57,500 and $57,780 price area, so that it can continue its positive developments above $58,000 again, and enter new positive consolidations above this price area.
If the Bitcoin price achieves these positive moves above $58,000 and $58,360, further positive developments could continue into the $59,360 and $59,680 price areas for the next few sessions.
On the other hand, if the Bitcoin price fails to clear the price area of U$57,500 and U$58,000, negative corrections will move back below the 200 EMA (h1), and could still go below the U$56,500 and U$56,220 price areas.
Only with consolidations and continuities of positive developments above U$ 56,780 and U$ 57,400, for the Bitcoin price not to follow with continuities of negative corrections below U$ 56,500, or even below the EMA 200.
Buyers have regained control of the situation and need to keep the Bitcoin price above the $56,360 price area if they are not to start losing control of the situation to sellers below $56,000.
Major areas of Resistance - $57,500, $58,000, and $58,500.
Major Support areas - $57,000, $56,720 and $56,500.
H4 chart :
Bitcoin price follows above the 5, 20 and 50 EMAs, however it follows below the 100 and 200 EMAs and below the Ichimoku Cloud.
The Bitcoin price needs to follow above the EMA 50 and wait for the arrival of the EMAs 5 and 20 for the continuation of support, and follow above the price areas of $57,500 and $58,000, where it will face the EMA 100 and still have to rise above the Ichimoku Cloud; which is in the thinner part and there may be the attempts to rise above it, for the next sessions.
If the Bitcoin price opens a candle below the EMA 50 the downside corrections could follow below $56,500 and $56,000.
Follow the buyers in attempts to keep the Bitcoin price above the EMA 50, where below is the Ichimoku Cloud Base Line (red line) also to serve as a good support.
The chart on H4 will follow the whole week to have a parameter of the Bitcoin Price Evolution. Only some adjustments will be made.
Resistances: U$ 57.659 // U$ 58.416 // U$ 59.215 // U$ 60.034.
Supports: U$ 56,735 // U$ 55,852 // U$ 54,948 // U$ 54,107.
https://www.tradingview.com/x/B1HadaIY/
H1 chart :
Bitcoin price follows above the EMAs 50, 100, 20 and 200 and just opened a new candle above the EMA 5 and also follows above the Ichimoku Cloud.
It will be very important that the Bitcoin price stays above the EMA 5 for the arrival of the EMA 20 to maintain support above $56,500 and thus also getting out of a risk of falling into the "ditch" of the Ichimoku Cloud; which would take the Bitcoin price back to the $55,000 and $54,500 price areas.
Follow the buyers in attempts to keep the Bitcoin price above the EMA 5 (green line) in the near term.
Resistances: U$ 57,562 // U$ 57,958 // U$ 58,303 // U$ 58,862.
Supports: U$ 57.165 // U$ 56.748 // U$ 56.310 // U$ 55.798.
https://www.tradingview.com/x/XzEIKVzQ/
Dominance: 43.57 %.
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Nº 472
