Bitcoin Price Evolution Analysis 20.11.2020
by CSM TRADER
nº236
BTC price U $ 18,233.
BTC price on Braziliex R $ 97,510.
Price USD / BRL R $ 5.30.
Price EUR / BRL R $ 6.29.
Gold Price 1g R $ 319.11.
Good morning to all readers.
The price of Litcoin (LTC) is above the EMA 50 but needs to stay above the price range of $ 78 and $ 76.50 to continue positive developments. Positive developments above the $ 84 and $ 85 price range will be necessary to continue a possible advance above the $ 90 price range.
Bitcoin price follows an upward trend as long as it remains above the EMA 20 (H1) or remains above the $ 17,960 price range for continued positive developments above the $ 18,000 and $ 18,140 price range.
The price of Bitcoin continued positive developments after a brief correction up to the $ 17,679 price range and with that it returned to positive developments where it went above the $ 18,200 price range reaching the $ 18,406 price range .
Now at the time of writing the Bitcoin price is in a small correction below the $ 18,200 price range being in the $ 18,150 price range.
It will be important for the Bitcoin price to continue with positive developments staying above the price range of U $ 18,080 and with that the developments may appear above the price area of U $ 18,360 and U $ 18,460, and thus a test or even even an advance above the resistance formed in the price range of $ 18,477 may appear for the next sessions.
Extremely important that this top is broken so that the price of Bitcoin does not double as a top, as there, disadvantages may appear.
In the event of a well-established break in the $ 18,500 price range and advances above the $ 18,550 and $ 18,620 price range, developments towards the $ 18,800 and $ 19,000 price range may arise.
In the case of a double top in the price range of US $ 18,477 the disadvantages may arise below the price area of US $ 18,200 and with that they still extend below the price area of US $ 18,000 and may reach the price area of U $ 17,840 because below this price area there may be a negative advance to the price area of U $ 17,666.
Important for the price of Bitcoin to stay above the large support that is being formed in the price area of the $ 17,500 since below, the visit in the next support in the price area of the $ 17,360 could happen.
A good close of the daily was made above the price area of U $ 17,770.
A good daily close today would be above the $ 17,880 price range.
The ideal would be for the daily to close above the $ 18,200 price range.
Buyers continue to see positive developments above the $ 18,000 price range.
Buyers need to continue to make positive advances above the $ 18,000 price range so as not to miss the consolidations and upgrades made so far above the $ 18,000 price range.
Buyers attempted to evolve above the $ 18,400 price range; but without success.
It will be important for buyers to advance above the resistance in the $ 18,477 price range to continue positive advances above the $ 18,500 and $ 18,550 price range.
Having made an advance above the $ 18,620 price range, the odds of positive advances above for other $ 18,800 and $ 19,000 price areas may occur.
Buyers cannot fall into exhaustion in an attempt to exceed the $ 18,477 price point, let alone fall into a double top.
In the case written above, if one of these situations occurs, buyers may have serious disadvantages created by the sellers.
If sellers get in control of the situation below the $ 18,200 price range, the negative disadvantages could reach up to $ 18,060 support.
If buyers are unable to stop sellers above $ 18,000 the disadvantages may extend below the $ 17,860 price area and thereby gain strength and continue negative advances to the $ 17,760 price area where buyers will have to stop sellers at any cost to avoid having losses below $ 18,666.
A beautiful closing was made by the buyers over the $ 17,770 price range.
For today, a good daily close would be above the price range of U $ 18,060. Just not being able to have a daily closing below the price area of U $ 17,600, because then it would complicate the life of buyers in the medium term.
It follows buyers in an attempt to get back above the $ 18,200 price range to try to overtake the $ 18,360 price range.
Bitcoin TODAY on Braziliex: H1
Bitcoin price on Braziliex follows an upward trend as long as it is above the R $ 90,000 price range.
The price of Bitcoin on Braziliex today remains well above the price range of R $ 89,000 and R $ 90,000 and with that consolidations and distributions above the price range of R $ 92,000 and R $ 94,000 are taking place and with that the probabilities of an advance above the price range of R $ 98,000 may appear for the next sessions.
It will be necessary so that the Bitcoin price on Braziliex does not advance negatively below the R $ 94,200 price area for the next sessions, as further losses may occur below the R $ 93,800 price area.
Buyers follow the Bitcoin price on Braziliex now at the time of writing, above the price range of R $ 96,000 and must maintain the price above the price area of R $ 94,660 in order to continue consolidations and developments above R $ 97,400 and R $ 98,200 and thus attempts to search the R $ 99,000 price range may occur.
On the other hand, if buyers are unable to exceed the price range of R $ 98,400 and R $ 98,800, the disadvantages may arise created by the sellers and with this they may advance negatively below the price area of R $ 96,800 where buyers will have to try stop the sellers from having disadvantages below the price range of R $ 96,400 and R $ 96,000.
Follows buyers of attempted developments with the Bitcoin price above the price range of R $ 97,000.
Resistances: R $ 97,541 // R $ 98,538 // R $ 99,267 // R $ 99,997.
Support: R $ 96,512 // R $ 95,443 // R $ 94,470 // R $ 93,376.
RSI: It is at level 98 and with a low downward bias.
https://www.tradingview.com/x/ksUgy6fb
Graph: H4
Bitcoin's price remains above the EMAs and well above the Ichimoku Cloud.
It will be important for the Bitcoin price to give continuity to consolidations above the price range of the $ 18,200 and with that the developments above the $ 18,360 could appear in the next session.
For the next few sessions, the Bitcoin price needs to remain above $ 18,000 to avoid losing all the consolidations and positive advances above this price area.
Buyers now at the time of writing have again “attacked” the price range of US $ 18,300 and thereby weakening this price area for further positive developments above it and surpassing the price area of US $ 18,360 and go in search of an advance above $ 18,400.
Buyers at this time cannot only fall into exhaustion due to attempts to exceed the price range of US $ 18,360 because then the sellers will be able to take advantage and get in control of the situation where they can create the disadvantages that may arise below US $ 18,200 and US $ 18,170.
The chart on H4 had followed the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.
Resistances: $ 18,441 // $ 18,826 // $ 19,211 // $ 19,500.
Support: U $ 18,084 // U $ 17,755 // U $ 17,448 // U $ 17,111.
https://www.tradingview.com/x/xiLxymiD/
Graph: H1
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
The price of Bitcoin continues in search of a new price level above the area and price of $ 18,500 and $ 19,000.
However, it will still be necessary to make a good consistent advance for this evolution above U $ 18,500 and the price will have to remain at least above the price area of U $ 18,360 and U $ 18,440 to continue the advances and consolidations above U $ 18,600, so that the advances above $ 18,740, $ 18,820 and $ 18,960 will continue.
It is important for the price of Bitcoin at this moment to also stay above the price range of $ 18,160 and $ 18,200 so as not to risk entering a risk area that is close to the support of $ 18,000, as below that disadvantages may be greater below $ 17,940.
An advance above the historic high in the price range of U $ 19,800 to over U $ 20,000 will be extremely important, as there may still be a positive advance with FOMO above the price areas of U $ 21,000 and U $ 22,000; but it is still too early to see this evolution.
First, the most important thing for the short term will be that the price of Bitcoin does not fall below $ 18,000 and achieve developments above the $ 18,500 price range.
Buyers are holding steady with developments with the Bitcoin price above the $ 18,200 price range.
An advance above the price range of $ 18,500 will be required for the next sessions for consolidations and advances above it.
Buyers need to be well prepared to exceed the $ 18,477 price range so as not to enter a double top; because then the sellers do not forgive and can create serious disadvantages.
It follows buyers in an attempt to advance above the $ 18,400 price range.
Resistances: U $ 18,355 // U $ 18,474 // U $ 18,570 // U $ 18,676.
Support: U $ 18,242 // U $ 18,065 // U $ 17,934 // U $ 17,847.
Bitcoin price remains above Fibo 0.236% in the price range of U $ 18,204 compared to below U $ 17,320 and should continue its consolidations above Fibo 0.382 to continue positive developments and not to lose the positive consolidations made until this moment ; because below Fibo 0.5% in the price area of U $ 17,898 the disadvantages could be much greater.
It will be extremely important for buyers to advance above the price range of $ 18,477 and $ 18,500 for the next sessions, or the disadvantages created by sellers may again appear below the price area of $ 18,260.
It follows the buyers in the “fight” with the sellers in order to exceed the price range of US $ 18,400.
https://www.tradingview.com/x/7JpfmPhk/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 76e with a downward bias.
https://www.tradingview.com/x/pgVbXdvA/
MACD: The MACD at the BTC chart time is at level 113 and has a bullish bias.
https://www.tradingview.com/x/gmZSIUSS/
OBV: The OBV at the BTC H1 chart time is at level 231 and has a bullish bias.
https://www.tradingview.com/x/zaCqsN4N/
Graph: H5
Bitcoin's price remains above the EMAs 20, 50 and 100 and above the Ichimoku Cloud.
The price of Bitcoin needs to return above EMA 5 in order to return positive developments above it and thus seek to exceed the price range of $ 18,300.
Buyers need to continue to evolve above the $ 18,300 price range so as not to weaken and disadvantages may arise below $ 18,240.
It follows buyers in an attempt to evolve above the $ 18,300 price range.
Resistances: U $ 18,289 // U $ 18,327 // U $ 18,358 // U $ 18,394.
Support: U $ 18,265 // U $ 18,222 // U $ 19,195 // U $ 18,151.
https://www.tradingview.com/x/HQG86WVR/
BTC dominance 67.82%
“Long-term planning, it does not deal with future decisions, but with a future of present decisions. “- Peter Drucker
Continue to follow my analysis also through Tradingview:
https://br.tradingview.com/chart/BTCUSDT/MMdiLpYb/
Make your registration on Braziliex and feel at home:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
Follow My Analysis on TradingView:
https://br.tradingview.com/chart/BTCUSDT/MMdiLpYb/
Follow My Analysis on Twitter: https://twitter.com/BraziliexTrades?s=20
Follow My Analysis on Instagram: https://instagram.com/braziliex
Follow My Analysis on Facebook: https://www.facebook.com/braziliex/
Follow My Review on Flipboard: https://flipboard.com/@CSMTRADER007
Follow My Review on publish0x: https://www.publish0x.com?a=nXe0RKLGbx
With the BRZX Token you can:
💰 Sell by Bitcoin on Braziliex
💸 Keep in your account to get discounted rates
Register and earn BRZX Token:
https://braziliex.com/?ref=87C5DFE2B009FA4E47917BD7639263A5
nº236
