Bitcoin Price Evolution Analysis 18.01.2021
by CSM TRADER
nº275
Price of BTC U$ 36,388.
BTC price at Braziliex U$ 194,899.
Price USD/BRL R$ 5.29.
Price EUR/BRL $ 6.38.
Price Gold 1g R$ 309.68.
Good morning to all readers.
Bitcoin price continues on an upward trend above the price area of U$ 35,600.
The Bitcoin price this weekend 16/17/01/2020 failed to advance above the U$ 38,000 price area.
After some unsuccessful attempts to go beyond the $38,000 price area the Bitcoin price failed and came to correct negatively and test the $33,850 price area.
Right after this test on the $33,850 price area, the Bitcoin price made a positive recovery above the $34,000 and $35,000 price areas.
Now at the time of writing the price of Bitcoin is in the price area of $36,390.
The price of Bitcoin needs to exceed the resistance in the price area of $36,666 and $37,000 to give the continuity of positive evolutions and go in search of the price area of $38,000, which is the key point for the possible evolutions above the price area of $40,000.
It will be necessary that the Bitcoin price of the continuity of consolidations and positive evolutions above the EMA 100 (H1) for the next sessions.
If the Bitcoin price for the next sessions fails to exceed the price area of $36,666 and $36,800 the disadvantages may begin to appear below the price areas of $36,400 and $36,220.
In the case mentioned above, if the Bitcoin price exceeds the $36,220 and $36,000 price areas a test in the $35,600 price area may appear; where the Bitcoin price needs to stay above this price area in order not to have possible disadvantages below the $35,420 and $35,320 price areas and may also extend below the $35,000 price area.
It was made a closing of the journal above the price area of U$ 35.822.
For today a closing of the diary above the price area of U$ 35,600 will be good.
The buyers continue to control the situation above the $35,600 price area.
It will be important for the buyers to keep the consolidations and positive evolutions with the Bitcoin price above the $35,600 and $35,440 price area for the next sessions, so they don't lose control of the situation and with that the sellers take control.
In the case mentioned above, if sellers take control of the situation below the $35,600 and $35,500 price area they may create disadvantages that may go below the $35,4400 and $35,220 price areas; where buyers will have to bar the sellers above the $35,180 price area in order not to have disadvantages below $34,880.
A closing of the diary was made above the price area of U$ 35.822.
For today a good closing of the diary would be above the price area of U$ 35,600/U$ 35,800.
It follows the buyers again with difficulty of evolutions above the price area of U$ 36.666; what will be of extreme importance for the advances above the price area of U$ 37.000.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin at Braziliex today follows above the price area of R$ 188,000.
The price of Bitcoin at Braziliex this weekend 16/17/01/2020 could not give the continuity of positive evolutions above the price area of R$ 205,000.
After a failed attempt, the price of Bitcoin at Braziliex went into negative correction and even tested the price area of the R$ 180,000.
Now at the time of writing the price of Bitcoin at Braziliex is today in the price area of R$ 191,717.
It will be important that the price of Bitcoin at Braziliex continues its consolidations and positive evolutions above the price area of R$ 188.000 and evolves above the price area of R$ 194.000 and R$ 195.000; in order not to have the possible disadvantages below the R$ 186.600.
The buyers at Braziliex remain in control of the situation and must continue to consolidate and evolve above the price areas of R$ 188,000 and R$ 190,000 for the advances above the price areas of R$ 194,000 for the next sessions.
If the buyers fail in these advances above the R$ 194,000 and R$ 195,200 price areas, the possibilities for the sellers to enter in the control of the situation could be great and with this they could begin to create the disadvantages that could come back down from the R$ 190,200 and R$ 188,600 price areas.
In the case mentioned above it will be of extreme importance for the buyers to bar the sellers at any cost above the price area of the $ 185.800 to not have the continuity of disadvantages below the price area of the $ 184.340.
It follows the buyers in the attempt to stay with the Bitcoin price at Braziliex above the price area of the $ 193,120 and evolve above the price area of the $ 196,000, for the next sessions.
Resistances: R$ 194,682 // R$ 197,932 // R$ 201,681 // R$ 205,431.
Supports: R$ 191.619 // R$ 188.122 // R$ 160.023 // R$ 182.576.
https://www.tradingview.com/x/70dnMtag
Graph H4:
The price of Bitcoin follows above the EMA 100 and 5, but below the EMAs 20 and 50 and inside the Ichimoku Cloud.
It will be important for the price of Bitcoin the continuity of consolidations and evolutions above the EMA 5 for the next sessions so as not to have great disadvantages below it.
The vendors are in control of the situation below the EMA 20 and below the BB central line (red line).
It will be very important for buyers to bar sellers above the $35,660 and $35,500 price area in order not to have the continuity of disadvantages below the $35,340 and $35,220 price areas.
It follows the buyers in trying to bar the sellers above the $35,800 price area, which will be extremely important for the next sessions.
The chart in H4 will follow all week to have a parameter of Bitcoin price evolution. Only the resistance and support adjustments will be made.
Resistances: U$ 36.272 // U$ 36.638 // U$ 37.084 // U$ 37.511.
Brackets: U$ 35.815 // U$ 35.078 // U$ 34.584 // U$ 34.003.
https://www.tradingview.com/x/49DDAYxi/
Graph H1:
The price of Bitcoin follows below EMA 100 and 50 and inside Ichimoku Cloud.
It will be important for the price of Bitcoin to make its resumption over the price area of U$ 35,800 or to stay above the EM 20 so as not to have the disadvantages below them.
The price of Bitcoin is having great difficulties in advancing above the price area of $36,600 and it will be necessary to advance above this price area to continue positive advancements above the price area of $36,800 and $37,000.
It will be necessary for the Bitcoin price to be supported again above the EMA 100 for the possible rounds of break attempts in the strong resistance in the price area of $36,666.
Buyers still remain in control of the situation by staying above the $35,880 price area.
It will be extremely important for buyers to try to stay with the Bitcoin price above $35,880 and $35,750 so as not to let sellers start to take control of the situation and with that they may start to create disadvantages that may extend below the $35,600 and $35,500 price areas and still go below $35,320.
Resistance: U$ 36.240 // U$ 36.643 // U$ 36.893 // U$ 37.210.
Supports: U$ 35.865 // U$ 35.548 // U$ 35.269 // U$ 35.556.
https://www.tradingview.com/x/e0iCv7nP/
Technical indicators: H1
RSI: The RSI on the BTC H1 chart time is at level 76 and with a bearish bias.
https://www.tradingview.com/x/IODe09Bv/
MACD: MACD on BTC's chart time is at positive level 62 and with a small bias and low.
https://www.tradingview.com/x/PGVbMHHj/
OBV: The OBV in BTC's H1 graphic time is at level 569 and with a low bias.
https://www.tradingview.com/x/Kvs9kFzV/
M5 Graph:
The price of Bitcoin follows above the center line of BB (red line) and above VWAP.
The price of Bitcoin is rising above the Ichimoku Cloud which will be of extreme importance for the continuity of positive evolutions above the price area of U$ 36,500.
It follows the buyers in the attempt to evolve above the price area of U$ 36,500.
Resistance: U$ 36.434 // U$ 36.653 // U$ 36.747 // U$ 36.916.
Supports: U$ 36.165 // U$ 35.977 // U$ 35.777 // U$ 35.596.
https://www.tradingview.com/x/BpEqi58a/
Dominance 67.45%
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nº275
