Bitcoin Price Evolution Analysis 13.01.2021
by CSM TRADER
nº272
Price of BTC U$ 34,626.
BTC price at Braziliex $ 188,990.
Price USD/BRL R$ 5.32.
Price EUR/BRL $ 6.48.
Price Gold 1g R$ 323.83.
Good morning to all readers.
Bitcoin price is on an upward trend above the price area of U$ 32,500.
The Bitcoin price after failing once again in attempts to surpass the $35,000 price area has corrected negatively below the $34,600, $34,000, $33,000 price area; breaking even slightly below the support formed in the $32,500 price area and reaching the $32,371 price area.
Now at the time of writing the price of Bitcoin follows in the price area of $ 34,390.
In the case mentioned above, the price of the Bitcoin for the 3rd time could not exceed the resistance of $35,000 and $35,120; until the moment of writing.
If the Bitcoin price succeeds in surpassing this resistance, it will need a good advance above the next resistance in the price area of $35,500 and $35,600 for the good consolidations and with this the positive evolutions may appear above $35,800 where in the price area of $36,000 and $36,120 there will be another strong resistance to be surpassed.
It will be very important for the next sessions that the price of Bitcoin achieves these positive evolutions above the price area of U$ 35,000 and U$ 35,440.
If the price of Bitcoin fails again it may become exhausted and with that the disadvantages may start to appear again below the price areas of $34,800, $34,500 and still extend below $33,600 and with the possibilities of breaking the support of $32,500 and $32,370.
In the case mentioned above there is still the possibility that Bitcoin's price will correct below the U$ 30,000 price area.
It will be of extreme importance for the price of Bitcoin the continuation of positive evolutions above the EMA 50 (H1).
A closing of the journal was made above the price area of U$ 33,750.
For today a good closing would be above the price area of U$ 34,220.
The buyers remain in control of the situation staying above the central line of BB (Bollinger bands) or above the price area of U$ 34,000.
The buyers to some past sessions managed to reverse the situation where the sellers took the Bitcoin price to the $32,371 price area.
Now at the time of writing the buyers follow the attempt to break above the $35,000 price area, which will be very important for new evolutions and consolidations above this price area for the attempts to break above the $35,500 and $35,660 price areas.
If buyers fail again to make these advances above $35,00 and $35,500, sellers will be able to take advantage and take control of the situation and thus create again the disadvantages below the $34,220 and $34,000 price area where these disadvantages can still be extended below the $33,600 price area.
A closing of the diary was made in the area above the price area of U$ 33,750.
For today a closing of the diary would be above the price area of U$ 34,220, better still it would be above the price area of U$ 35,500 to give them the continuity of high above the U$ 36,000.
Only a diary closure above the $36,600 price area could reverse a situation of upward continuity for buyers' attempts to go for $38,000.
It follows the buyers in the attempt to evolve above the $35,000 price area.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin today at Braziliex follows above the R$ 180,000 price area.
The price of Bitcoin at Braziliex at some past sessions has tested the price area of R$ 180,000.
Now at the time of writing the price of Bitcoin at Braziliex follows above the price area of R$ 180,000 and is in the price area of R$ 189,897.
It will be important for the price of Bitcoin at Braziliex to be above the last fund formed in the price area of R$ 180.000 in order not to have the possible disadvantages below the price area of R$ 178.600 and R$ 176.800.
Only a good advance above the price area of R$ 192.220 for the possible rounds of consolidations and the positive evolutions above the price areas of R$ 194.000 and R$ 196.600.
The buyers at Braziliex still remain in control of the situation by keeping the price of Bitcoin above the price area of R$ 180,000.
It will take for the buyers a good positive advance above the price area of R$ 190,400 and R$ 192,000 to get out of an area that is to stay with the Bitcoin price below R$ 190,000.
If the buyers on Braziliex doesn't get the necessary consolidations and evolutions above the price area of the $ 190.000 the possibilities of the sellers enter on the control of the situation and start to create the disadvantages below the price area of the $ 184.600 and $ 182.200 could arise.
Follow the buyers at Braziliex in the attempt to evolve above the R$ 190.000 price area.
Resistances: R$ 191.009 // R$ 192.978 // R$ 195.016 // R$ 191.189.
Supports: R$ 186,866 // R$ 184,557 // R$ 182,248 // R$ 180,136.
https://www.tradingview.com/x/99CfhLZP
Graph H4:
The price of Bitcoin follows below EMAs 20 and 50 and below Ichimoku Cloud.
The price of Bitcoin is still supported above the EMA 100 where it will be necessary to continue trying to make positive advances above the EMAs 20 and 50 for the possible evolutions above the price areas of U$ 35,000 and U$ 35,220.
It will be important for the price of Bitcoin these advances in order not to enter in exhaustion for attempts to surpass the U$ 35.000 and with that it will have again the disadvantages below the U$ 34.600 and U$ 34.220.
The buyers follow with a lot of difficulty the developments above the price area of U$ 35.000.
If buyers fail to evolve the Bitcoin price for the next sessions above $35,000 and $35,220 the chances for sellers to take control of the situation is great and with that the sellers can start to create disadvantages that may extend below $34,600 and $34,120.
Follow the buyers now at the time of writing in an attempt to evolve above the price area of $34,720.
The graph in H4 will follow all week to have a parameter of Bitcoin price evolution. Only the resistance and support adjustments will be made.
Resistances: U$ 35.237 // U$ 36.358 // U$ 37.205 // U$ 37.903.
Supports: U$ 31.140 // U$ 33.342 // U$ 32.570 // U$ 31.673.
https://www.tradingview.com/x/6rKnYK80/
Graph H1:
The price of Bitcoin follows below the EMA 100 and inside the Ichimoku Red Cloud.
It will be important for the price of Bitcoin to continue its positive evolution above the EMAs 5, 20 and 50 and still stand out above the Ichimoku Cloud and above the ENA 100 to give the continuity of positive evolutions to ciam of the price areas of U$ 35,770.
On the other hand, if the Bitcoin price fails in positive advances above the price areas of $35,000 and $35,220 for the next sessions the disadvantages may begin to arise below $34,600 and $34,220 and still extend below the price areas of $34,000 and $33,880.
It is very important for the buyers the developments above the price area of $ 35,000 for the next session not to get exhausted by attempts and put all consolidations and developments above the price area of $ 34,220 at risk.
In the case mentioned above if the buyers fail with the developments above $35,000 and $35,220, the sellers can enter in the control of the situation and with this start to create the disadvantages below the price areas of $34,500 and $34,120 and still extend below $33,800.
It follows the buyers in the attempt to evolve above the price area of $ 35,000.
Resistance: U$ 35.143 // U$ 35.581 // U$ 36.008 // U$ 36.423.
Supports: U$ 35.509 // U$ 34.117 // U$ 33.691 // U$ 33.230.
https://www.tradingview.com/x/R6s7SNm9/
Technical indicators: H1
RSI: The RSI at the BTC H1 chart time is at level 85 and stabilized.
https://www.tradingview.com/x/5P5Gw4P1/
MACD: The MACD on the BTC's chart time is at the negative -47 level and with a bullish bias.
https://www.tradingview.com/x/K52XgUsO/
OBV: The OBV in BTC's H1 graphical time is at level 583 small bias.
https://www.tradingview.com/x/ydCHbOS3/
M5 Graph:
The price of Bitcoin follows above the central line of BB (red line), above VWAP (wine line) and still above the Cloud of Ichimoku.
It will be necessary for the price of the Bitcoin the evolutions above the price area of U$ 35,000 for the possible evolutions above U$ 35,220 and U$ 35,440.
If the Bitcoin price fails with the evolutions above the price area of $35,000 the negative corrections will appear below $34,600 and $34,220.
Buyers are having a hard time moving up the price area of $35,000 and $35,220 and with that they can go into exhaustion and so sellers can take advantage and follow with the price of the Bitcoin below $34,220.
It follows the buyers still in the attempt of evolutions above the U$ 35.000.
Resistance: U$ 34.994 // U$ 35.160 // U$ 35.253 // U$ 35.387.
Supports: U$ 34.818 // U$ 34.640 // U$ 34.490 // U$ 34.343.
https://www.tradingview.com/x/I9JzQe7A/
BTC dominance 68.94%
"What matters is not what happens, but how you react. ---- Bruce Lee
Keep following my analysis also by Tradingview:
https://br.tradingview.com/chart/BTCUSDT/bqDKlBAK/
Register at Braziliex and feel at home:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
Follow My Analysis on Twitter: https://twitter.com/BraziliexTrades?s=20
Follow My Analysis 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 Flipboard Analysis: https://flipboard.com/@CSMTRADER007
Follow My Analysis on publish0x: https://www.publish0x.com?a=nXe0RKLGbx
With BRZX Token you can:
💰Vender by Bitcoin at Braziliex
💸 Keep in your account to get discounts on rates
Register and earn BRZX Token:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
nº272
