Bitcoin Price Evolution Analysis 13.11.2020
by CSM TRADER
nº231
BTC price U $ 16,339.
BTC price on Braziliex R $ 87,050.
Price USD / BRL R $ 5.48.
Price EUR / BRL R $ 6.45.
Gold Price 1g R $ 326.61.
Good morning to all readers.
The ETH price is showing positive signs above support in the $ 450 price range; and with that, the probabilities of a probable advance above the $ 500 price range may arise, as long as the ETH price is above the $ 460 price range and above the EMA 100 (H1).
Bitcoin price follows an upward trend as long as it is above the $ 16,100 and $ 16,000 price range.
The price of Bitcoin once again a new annual high reaching the price range of $ 16,499 and with that the price of Bitcoin is only $ 696 below the 2nd highest price made so far which is in the price area of $ 17,176.
Support was formed in the U $ 16,000 and U $ 16,200 price areas, where Bitcoin price is expected to remain above these price areas for the next sessions so as not to have negative disadvantages below the U $ 16,000 support.
The Bitcoin price is in consolidations above the $ 16,200 price range and as a result positive developments above the $ 16,300 and $ 16,400 price range may occur for the next sessions; and with that, an attempt to overcome the $ 16,500 price range may take place.
If the price of Bitcoin manages to overcome the great resistance in the price area of the $ 16,500 and advance above it in the short term, the probabilities of an advance above the price areas of the $ 16,700 and $ 16,800 can be visited, and with that, a test or even an advance above US $ 17,000 may arise.
On the other hand, if the price of Bitcoin fails to exceed the price range of $ 16,500 and $ 16,550, the disadvantages may arise and with this it is of extreme importance for the price of Bitcoin to be above the price area of the U $ 16,200.
Below support in the $ 16,000 price range the Bitcoin price may face a stronger correction, reaching the $ 15,800 price range or even visiting the $ 15,550 price area or below.
Buyers closed the diary at a price of $ 16,290.
For today, a daily close above the $ 16,300 price range would be a good size, even to give continuity to consolidations above this price area.
The ideal would be a close above U $ 16,520.
Buyers remain in control of the situation as long as they keep the Bitcoin price above the price range of $ 16,000 and $ 16,200.
It will be necessary for buyers to keep the Bitcoin price above the $ 16,000 support so as not to miss the good developments and consolidations made so far.
An advance above the price range of US $ 16,300 and above EMA 5 will be extremely important for the return of positive developments and with that advances above the price area of US $ 16,420 may appear for further attempts to break the resistance of $ 16,500.
On the other hand, if buyers are unable to make a solid and direct advance above the $ 16,420 and $ 16,500 price areas, the disadvantages created by sellers may appear and thus extend below support in the $ U $ price area. 16,200.
Buyers need to defend the support formed in the price range of US $ 16,000, because below this price area, sellers can gain strength and with that the disadvantages can extend below US $ 15,800 and US $ 15,740.
Buyers closed the daily well above the $ 16,290 price range.
For today, a good daily close would be above the price range of U $ 16,360, where the ideal would be above U $ 16,500.
It follows buyers in an attempt to bar sellers above the $ 16,100 price point.
A return above $ 16,220 will be very important for buyers in the short term.
The price of Bitcoin remains very "stretched" and with that there may be a strong correction yet; care in operations.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin on Braziliex today, continues with good developments above the price range of R $ 85,600.
The Bitcoin price on Braziliex has advanced very well above the R $ 86,000 and R $ 87,000 price areas, reaching the R $ 89,900 price area.
It will be important that the price of Bitcoin on Braziliex stays above the price range of R $ 86,000 and R $ 85,600 in order not to start having major disadvantages below this price area.
Buyers have made good progress with the Bitcoin price on Braziliex above the R $ 86,500 price range and with that consolidations are being made above the R $ 86,000 price range for possible developments above the R $ price area 87,600 and R $ 88,200.
It will be important for buyers to advance above the R $ 88,000 price range for the next sessions to try a new test or even a break in the R $ 89,900 price range and thereby reach the R $ 90,000 price range. .
If buyers are unable to advance above the R $ 89,000 price range, sellers will be able to take control of the situation and thereby create disadvantages that may appear below the R $ 86,400 price range and may still extend below R $ 85,800 where buyers will have to defend the R $ 85,160 price range to avoid major disadvantages below this price area.
Follow the buyers on Braziliex in an attempt to develop above the price range of R $ 87,600.
Resistances: R $ 87,174 // R $ 88,029 // R $ 88,817 // R $ 89,587.
Support: R $ 86,892 // R $ 86,174 // R $ 85,193 // R $ 84,423.
RSI: It is at level 1 and has a downward bias.
https://www.tradingview.com/x/X4SDLgFO
Graph: H4
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
It will be important for the Bitcoin price to stay above EMA 20 to avoid major disadvantages below this $ 15,800 price range.
The price of Bitcoin remains below the support of $ 16,200 and thus the disadvantages are appearing below the price area of $ 16,150.
It will be extremely important for the Bitcoin price to return above the $ 16,200 price area for the next sessions so as not to be under pressure to support the $ 16,000 support, as below this price area the disadvantages could be much greater.
Buyers continue to struggle to keep Bitcoin's price above the $ 16,100 price range now at the time of writing.
It will be of utmost importance for buyers to return to full control of the situation and thus return to developments above the price areas of U $ 16,180 and U $ 16,220.
Buyers still need to protect the $ 16,000 price range so that sellers do not create disadvantages below that, and thereby gain strength.
It follows buyers in an attempt to return Bitcoin's price above the $ 16,160 price range and above EMA 5 (H4).
Resistances: U $ 16,170 // U $ 16,288 // U $ 16,431 // U $ 16,560.
Support: U $ 16,063 // U $ 15,912 // U $ 15,758 // U $ 15,579.
https://www.tradingview.com/x/qa49qBsm/
Graph: H1
Bitcoin's price remains above the 50 and 100 EMAs and above the Ichimoku Cloud; however, it is below EMAs 20 and 5.
It will be necessary for the Bitcoin price to return above EMAs 20 and 5 to return positive developments above the $ 16,280 price area and thereby begin to move out of a price area at risk of disadvantages.
Very important for the next sessions for the price of Bitcoin an advance above the area of U $ 16,300 and U $ 16,400, as it seems that the price is starting to exhaust and with this the possibilities of a stronger correction below the area of price of $ 16,100 and $ 16,000 could occur if Bitcoin's price fails to exceed and stabilize above $ 16,340.
Buyers are facing difficulties below the $ 16,200 price range.
It will be extremely important for an advance above the price area above the resistance that was a support above the price range of U $ 16,200 and thereby continue with the Bitcoin price above U $ 16,320.
If buyers are able to lower the price of Bitcoin below the $ 16,100 price range again, they can begin to force support from the $ 16,000 and thereby weaken this support and thus they can move below this $ 16,000 price area. and thereby extend these disadvantages below $ 15,800.
Resistances: U $ 16,238 // U $ 16,350 // U $ 16,477 // U $ 16,612.
Support: U $ 16,064 // U $ 15,032 // U $ 15,613 // U $ 15,430.
Bitcoin's price remains above the 0.5% Fibo in the $ 16,122 price range compared to the $ 15,437 below the price and is expected to remain above the $ 16,122 price to avoid possible disadvantages below the 0.618% Fibo in the US $ price area. 15,961, because then the disadvantages may be even greater below that.
It will be extremely important for buyers to advance above the price range of US $ 16,320 for the next sessions, or the disadvantages created by sellers may appear again below the support that is already being won by buyers in the price area of U $ 15,200, now at the time of writing which is well above EMA 20.
https://www.tradingview.com/x/GIWOwCQZ/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 10 and has a small bullish bias.
https://www.tradingview.com/x/AXq8WZa4/
MACD: The MACD at the BTC chart time is at level 98 and has a downward bias.
https://www.tradingview.com/x/SjmTwND5/
OBV: The OBV at the BTC H1 chart time is at level 165 and has a bullish bias.
https://www.tradingview.com/x/icGyOSxN/
Graph: M5
Bitcoin's price remains below the 50 and 100 EMAs and below the Ichimoku Cloud.
It will be important for the Bitcoin price to advance above the EMAs and above the Ichimoku Cloud for the rounds of consolidations and developments above the $ 16,280 and $ 16,320 price areas.
Buyers need to move out of the $ 16,200 price range and evolve the Bitcoin price above $ 16,320 to continue positive advances and consolidations above $ 16,400, as below $ 16,200 the disadvantages may arise and if extend below $ 16,100.
Resistances: U $ 16,240 // U $ 16,263 // U $ 16,283 // U $ 16,299.
Support: U $ 16,220 // U $ 16,202 // U $ 16,180 // U $ 16,160.
https://www.tradingview.com/x/eJP1PiED/
BTC dominance: 67.00%
“I wouldn't be where I am if I hadn't failed - a lot. The good and the bad are part of the success equation. ”----- Mark Cuban
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nº231
