Bitcoin Price Evolution Analysis 19.01.2021
by CSM TRADER
nº276
Price of BTC U$ 37.110.
BTC price at Braziliex U$ 197,759.
Price USD/BRL R$ 5.29.
Price EUR/BRL R$ 5.41.
Price Gold 1g R$ 311.58.
Good morning to all readers.
The ETH price follows its highest historical high in the 1,440 usdt price area where it has already tested the 1,397 usdt price area.
The price of Bitcoin continues on an upward trend above the price area of 36,500 usd.
The Bitcoin price at some past sessions after failing in positive evolutions above the $37,500 price area, came to correct negatively and tested the $35,398 price area.
Then Bitcoin's price tried once again to go beyond the $37,500 price area, but it only arrived at the $37,283 price area and corrected negatively to the $36,000 price area.
Now at the time of writing the Bitcoin price is still in the $37,106 price area.
It will be important that the Bitcoin price of its consolidation and positive evolution above the price areas of $36,600 and $37,000, for the possible continuity of positive evolution above the price area of $37,539, where a test has already been done.
The Bitcoin price needs to exceed the resistance formed in the U$ 37.500 for the possible evolutions above the U$ 37.666 and in the great resistance of the U$ 37.800 and U$ 38.000, and thus go in search of the U$ 40.000 and U$ 40.220.
If the price the price of Bitcoin can't exceed the price area of U$ 37.500 and U$ 37.666 the possible rounds of corrections below the price areas of U$ 37.120 and U$ 37.000 may arise.
In the case mentioned above, the price of the Bitcoin needs to stay above the price area of $36,666 in order not to start having more heavy disadvantages below $36,500 and $36,320, and also, the most important thing for the price of the Bitcoin is to stay above the support in the price area of $36,000; because below this price area a test in the price area of $34,800 may arise and extend even further below the $34,666.
Only a good advance well consolidated above the price area of U$ 37,800 and U$ 40,000 for the price of Bitcoin change from price level to above U$ 40,000 and who knows still go in search of the U$ 41,950 that is the ATH.
It was made a closing of the journal above the price area of U$ 36,615.
For today it would be important to close the diary above the price area of U$ 38,000.
The buyers remain in control of the situation above the price area of $ 36,455.
The buyers are maintaining the Bitcoin price in consolidations and positive evolutions above the $ 37,000 price area.
It will be of extreme importance for the buyers these continuities above the price area of $37,000; because below $37,000 buyers start to enter the Bitcoin price for a risk area of disadvantages; even more if they cannot maintain the Bitcoin price above the price area of $36,800 and $36,666.
It will be important for buyers to keep the Bitcoin price above the EMA 20 (H1) so that they do not have disadvantages in the short term.
If sellers start to control the situation below the $36,800 and $36,720 price area, the disadvantages may extend below the $36,666 and $36,500 price areas where they can still try to take the Bitcoin price to the $36,000 price area where it will be very important for buyers to bar the sellers above this price area in order not to have continued low disadvantages of $35,780.
It was made a daily closing above the price area of U$ 36,615.
For today it would be a good closure above U$ 38,000, or above U$ 37,280 would be good.
It follows the buyers in the attempt to bar the sellers above the EMA 20 (H1) in the price area of U$ 36,600.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin at Braziliex today is in positive evolution above the price area of R$ 191,400.
The price of Bitcoin at Braziliex needs to give continuity to consolidations and positive evolutions above the price areas of R$ 190,220 and U$ 188,400, in order to revive the evolutions and attempts of advances above strong resistance in the price area of R$ 198,000.
Once this advance is concluded, the price of Bitcoin at Braziliex still needs to evolve above the R$ 198,600 and R$ 199,400 for new consolidations and go in search of the price area of R$ 200,000.
On the other hand, if Bitcoin price at Braziliex continues with difficulties on surpassing the R$ 198.000 price area the disadvantages may start to appear below the R$ 194.200 and R$ 192.440 price areas and still extend below the R$ 190.000.
The buyers follow in the control of the situation and need to give the continuity of positive evolutions and consolidations above the price area of R$ 198.000 to not give opportunities of the sellers to enter in the control of the situation below the price area of R$ 194.220.
It will be very important for the buyers this advance above the resistance of the R$ 198,000 for the next sessions.
It follows the buyers at Braziliex in an attempt to achieve positive developments above the R$ 196,500 price area.
Resistance: R$ 198.009 // R$ 199.062 // R$ 200.009 // R$ 201.147.
Supports: R$ 196.039 // R$ 194.949 // R$ 194.060 // R$ 192.913.
https://www.tradingview.com/x/ffAFClVN
Graph H4:
The price of Bitcoin above the EMA and above the Ichimoku Cloud.
The price needs the continuity of consolidations and positive evolutions above the price area of U$ 37,000.
It will be necessary for the price of Bitcoin to be supported above the EMA 20 and above the VWAP for the next sessions, for the consolidations to happen and with that the probabilities of more testing or even an advance above the resistance in the price area of U$ 37,300 can occur and still be able to extend above U$ 37,460.
On the other hand, if the Bitcoin price gives the continuity of negative advances below the price area of $36,800 and $36,666 more disadvantages may arise and still test the price area of $36,500 or even lower.
Buyers continue with the difficulty of positive advances above the price area of $ 37,300 and are not able to bar sellers above $ 37,000.
Sellers can gain more strength if they continue to advance below the $36,800 and $36,666 price area.
It follows buyers in trying to bar sellers above the $37,000 price area.
The graph in H4 will follow all week to have a parameter of Bitcoin price evolution. Only the resistance and support adjustments will be made.
Resistances: U$ 37.167 // U$ 37.464 // U$ 37.730 // U$ 37.981.
Supports: U$ 36.947 // U$ 36.666 // U$ 36.347 // U$ 35.904.
https://www.tradingview.com/x/mrsjkSy6/
Graph H1:
The price of Bitcoin follows above the EMAs and above the Ichimoku Cloud.
It will be of extreme importance for the price of Bitcoin the continuity of consolidations above EMA 5 so that the evolutions above U$ 37,320 can be performed again.
The price of Bitcoin also needs to be maintained for the next secessions above EMA 20.
It is important to break the price of Bitcoin to give continuity of positive evolutions above the price area of U$ 37,000 and U$ 36,800 so that you would not have disadvantages below U$ 36,666.
Buyers keep full control of the situation by keeping the Bitcoin price above the price areas of $37,000 and $36,880.
For the next sessions it would be important that the buyers evolve the price of Bitcoin above the price areas of U$ 37,320 and U$ 37,440 for the possible tests in the price area of U$ 37,500 may occur again and with that weaken even more is great resistance, because the more tested it should be.
It follows the buyers with the price of Bitcoin in the price area of U$ 36.956, where they will have to bar the sellers above the price area of U$ 36.666, to have no more disadvantages below this price area.
Resistance: U$ 37.198 // U$ 37.309 // U$ 37.451 // U$ 37.563.
Supports: U$ 37.025 // U$ 36.896 // U$ 36.736 // U$ 36.572.
https://www.tradingview.com/x/FIEw7EKW/
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/eKtSSivl/
MACD: MACD at BTC time is at positive level 255 and stabilized.
https://www.tradingview.com/x/j12mL0Lx/
OBV: The OBV in BTC's H1 graphical time is at level 589 and with a low bias.
https://www.tradingview.com/x/hrFYNxB2/
M5 Graph:
The price of Bitcoin is still supported above the VWAP can be below the BB central line and inside the Ichimoku Cloud.
The price of Bitcoin needs to come out above the Ichimoku Cloud to continue positive developments above the price area of U$ 37,200.
The buyers still find it difficult to keep the price of Bitcoin above the price area of U$ 37,000; this will be very important in order not to continue disadvantages below U$ 36,760.
Resistance: U$ 36.924 // U$ 37.037 // U$ 37.130 // U$ 37.256.
Supports: U$ 36.790 // U$ 36.664 // U$ 36.551 // U$ 36.434.
https://www.tradingview.com/x/ZgK1qDH2/
BTC dominance 65.81%
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nº276
