Bitcoin Price Evolution Analysis 15.01.2021
by CSM TRADER
nº274
Price of BTC U$ 38,620.
BTC Price at Braziliex U$ 203,000.
Price USD/BRL R$ 5.19.
Price EUR/BRL $ 6.30.
Price Gold 1g R$ 312.60.
Good morning to all readers.
Price follows upward trend above the price area of U$ 37,500.
After Bitcoin's price tried to break the U$ 40,106, U$ 40,000, U$ 39,930 and U$ 39,720 price areas, it came into exhaustion by attempts and came to correct negatively reaching the U$ 37,554 price area.
Now at the time of writing the price of Bitcoin follows in the price area of U$ 38,672.
It will be necessary for the Bitcoin price to continue positive evolutions above the price areas of $39,120 and $39,320 for the possible consolidations above these price areas, and with this, attempts of positive evolutions back above the price area of $40,000 may appear.
If the Bitcoin price fails and gets exhausted by attempts to exceed the price areas of $39,800, $39,940 and $40,120 the disadvantages may arise again and with that the negative corrections may be understood this time below the support formed or below the EMA 50 (H1) in the price area of $37,500 and may extend below the price area of $37,220 and $37,000.
It will be of extreme importance for the price of Bitcoin to continue the positive evolution above the price area of U$ 38,800 and U$ 39,000, for the next sessions; which seems to be having difficulties to evolve above it.
A closing of the journal was made above the price area of U$ 39,143.
For today a good closing of the diary would be above the price area of U$ 39,320.
The buyers continue in the attempt to regain control of the situation, since they are below the central line of the Bollinger Bands (H1).
It will be important for the buyers to return to control of the situation in order to continue attempts to evolve above the price areas of $ 38,880 and $ 39,000.
In the case mentioned above, buyers will still have a long journey back to the $39,220, $39,460 and $39,500 price areas.
Once this is done; buyers will still have to overcome the great resistance of U$ 39,800 and if they achieve the evolutions above U$ 40,000 and U$ 40,120 they may arise and this time extend positively above U$ 40,360.
It is also important for buyers to try to keep the price of Bitcoin above the EMA 50 (H1) so as not to have possible disadvantages below it.
If sellers get the negative evolutions below the EMA 50 (H1) they can still go in search of the EMA 100 that is in the price area of U$ 37,120 and still extend these negative evolutions below the price area of U$ 37,000.
A good daily closing was made above the price area of U$ 39,143.
For today a good closing would be above U$ 39,000 and U$ 39,320.
It follows the buyers in the resumption of the control of the situation above the EMAs 5 (H1) and 20 (H1) or above the price area of U$ 39,500.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin at Braziliex to some past sessions even tested the price area of $ 197,168.
After this test, the price of Bitcoin at Braziliex came back with its positive evolution above the price area of R$ 200,000.
Now at the time of writing the price of Bitcoin at Braziliex today follows in the price area of R$ 205,932.
It will be important to return to the R$ 208,000 price area for the Bitcoin price to come out of a risk area, because below the R$ 200,000 price area the disadvantages may arise again and this time extend below the R$ 197,000 and R$ 196,600.
The buyers returned to control the situation above the R$ 200,000 price area.
Now at the time of writing the buyers follow with the price of Bitcoin in the price area of R$ 205,932.
It will be important for the buyers to keep the Bitcoin price at Braziliex above the R$ 202,400 price area in order to give the continuity of consolidations and positive evolutions above the R$ 200,000, so as not to start having the disadvantages created by the sellers.
In the case mentioned above, if the sellers manage to enter in the control of the situation below the price area of the R$ 202.200 they will be able to gain more strength and give the continuity of negative evolutions below the price area of the R$ 200.000 where they will gain strength and with that the disadvantages can follow again to the price area of the R$ 197.160 and still extend below the R$ 196.6400, where the buyers will have to bar the sellers in order not to have more losses below this price area.
It follows the buyers in the attempt of evolutions above the price area of the R$ 206.000.
Resistance: R$ 207,021 // R$ 209,008 // R$ 210,796 // R$ 215,518.
Supports: R$ 204,188 // R$ 202,533 // R$ 200,320 // R$ 198,267.
https://www.tradingview.com/x/uTacrXdX
Graph H4:
The price of Bitcoin follows above the EMAs and above the Ichimoku Cloud.
The price of Bitcoin is supported by EMA 5 and should continue above it, to give the continuity of positive evolutions above the price area of U$ 38,600 and U$ 38,800.
It will be necessary for the Bitcoin price to evolve above the U$ 38.800 price area, where it seems to be having difficulties to overcome this price area.
Very important this advance above $38,800 for the Bitcoin price to give continuity to new consolidations above the $39,000 and $39,060 price area.
If the Bitcoin price fails to exceed the price areas of $38,800 and $39,000 the disadvantages may appear below the price area of $38,500 and $38,360 or even the EMA 20.
Buyers seem to be having difficulty advancing above the resistance in the $38,800 price area.
It will be important this advance of the buyers for the continuity of positive evolutions above the price area of U$ 39,000 and with this new consolidations above U$ 39,120 may occur.
On the other hand, if the sellers continue to press for the negative evolutions below the EMA 5 they can succeed and still go in search of the EMA 20 that is in the price area of the 37,373 and with this can still extend below the U$ 37,220.
It follows the buyers losing "land" to the sellers below the EMA 5 in the price area of U$ 38,220.
The chart 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$ 38.512 // U$ 39.127 // U$ 39.631 // U$ 40.136.
Supports: U$ 38.008 // U$ 37.350 // U$ 36.538 // U$ 35.792.
https://www.tradingview.com/x/1y2s82fV/
Graph H1:
The price of Bitcoin follows at this time of writing, below EMAs5 and 20, below VWAP and still below the central line of Bollinger Bands (red line).
The price of Bitcoin seems to go in search of doing a test again at the EMA 50 (gray line) in the price area of U$ 37,784.
It will be extremely important that the price of the Bitcoin remains supported above the EMA 50 in order not to have big losses below it.
If the price of Bitcoin loses the AMS 50 or falls below, the disadvantages will appear below the $37,220 request area and may still extend below $37,080.
Buyers go through the difficult job of barring sellers above the EMA 50 or above the $37,800 price area;
If buyers fail to bar vendors above the EMA 50, the downsides to the EMA 50 may extend below the $37,800 price area where they have even tested vendors in the $37,533 price area.
It is extremely important for the buyers to regain control of the situation and come back with the positive evolutions above the price areas of U$ 38,340, U$ 38,600 and U$ 38,800 and they will still have to advance the price of Bitcoin above the price area of U$ 39,120 to leave a risk area which is to stay with the price of Bitcoin below U$ 38,800.
It follows the buyers in trying to bar the sellers above the $38,000 price area.
Resistance: U$ 38.525 // U$ 38.800 // U$ 39.005 // U$ 39.366.
Supports: U$ 38.199 // U$ 37.924 // U$ 37.690 // U$ 37.443.
https://www.tradingview.com/x/Se0u4WLj/
Technical indicators: H1
RSI: The RSI on the BTC H1 chart is at level 35 and biased upwards.
https://www.tradingview.com/x/OZaus3Z0/
MACD: The MACD on the BTC chart time is at the positive level 11 and bearish bias.
https://www.tradingview.com/x/aUTx1qoU/
OBV: The OBV in BTC's H1 graphic time is at level 612 and low bias.
https://www.tradingview.com/x/QBl3FFoU/
M5 Graph:
The price of Bitcoin follows below the BB center line (red line) below VWAP and below the Ichimoku Cloud.
The price of Bitcoin could not advance above the price area of $38,800 and so negative corrections are appearing below the price areas of $38,500, $38,400 and $38,300.
It will be necessary for the Bitcoin price to be at least above the $37,800 price area in order not to have great disadvantages below this price area.
It follows the buyers in trying to bar the sellers above the price area of U$ 38.000.
Resistance: U$ 38.068 // U$ 38.213 // U$ 38.329// U$ 38.455.
Supports: U$ 37.894 // U$ 37.743 // U$ 37.622 // U$ 37.535.
https://www.tradingview.com/x/XMSxOOKJ/
BTC dominance 68.12%
"The wise man is the one who knows nothing, pretends to know nothing, to listen to those who think they know everything. "---------- Alan Ktquez
Keep following my analysis also by Tradingview:
https://br.tradingview.com/chart/BTCUSDT/qROHESIL/
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
nº274
