Bitcoin Price Evolution Analysis 30.11.2020

by CSM TRADER

 nº242

 BTC Price U $ 18,466

BTC price on Braziliex R $ 99,678.

Price USD / BRL R $ 5.34.

Price EUR / BRL R $ 6.39.

Gold Price 1g R $ 306.34.

Good morning to all readers.

Bitcoin price follows an upward trend as long as it stays above the $ 18,000 price range.

The Bitcoin price came to test the price range of $ 16,436 this weekend (28/29) it was above the price area of ​​$ 17,000 and $ 18,000 reaching a few sessions ago, in the price area of ​​$ 18,677.

A good breakthrough in the price of Bitcoin above the resistance in the price range of $ 18,800 will be important to continue developments above $ 19,000.

Bitcoin's price now at the time of writing remains above the $ 18,000 price range; where it will be important to stay above this support in order not to start having major disadvantages below the price area of ​​U $ 17,800 or EMA 100 (H1) and with that it can extend below the price area of ​​U $ 17,660.

Only an advance above the price range of $ 18,800 and with consolidations above $ 18,700 will be able to play the Bitcoin price above $ 19,000 and an advance above $ 19,140 may occur.

It will be very important to close the monthly above the price range of U $ 18,200 so that the continuation of the increase above this price area is consolidated, and with that the evolutions above U $ 19,000 may occur.

A daily close was made above the $ 18,180 price range.

For today, a good daily close would be above the price range of U $ 18,520.

Buyers are in control of the situation and as a result, developments above the $ 18,000 price range are taking place.

Buyers follow the Bitcoin price now at the time of writing above the $ 18,500 price range.

It will be important for buyers to continue positive advances above the price range of U $ 18,200 and U $ 18,300 for the continuation of consolidations and developments above these price areas, and thus the possibilities for developments above the U $ price area. 18,660 may take place for the next sessions and with that may extend above the price range of U $ 18,740.

Buyers need to overcome resistance in the $ 18,800 price range for possible developments above the $ 19,000 price range.

If buyers go into exhaustion by attempting to try to exceed the price range of $ 18,660 and $ 18,800, sellers will be able to get in control of the situation and as a result the disadvantages may occur below the price area of ​​$ 18,500 and thus extend below $ 18,360 and $ 18,280.

It will be very important for buyers to bar sellers above the $ 18,200 and $ 18,120 price range for these disadvantages not to continue below the $ 18,000 and $ 17,800 price range.

Buyers close the diary well above the $ 18,180 price range.

For today, a daily close above the price range of $ 18,400 / $ 18,500 will be a good size.

It follows buyers in an attempt to evolve above the $ 18,500 price point.

Bitcoin TODAY on Braziliex: H1

Bitcoin price on Braziliex this weekend (28/29) has even tested the price range of R $ 91,600.

The price of Bitcoin today on Braziliex remains above the price range of R $ 99,000 and with that the evolutions and consolidations are being made and the possibilities of positive advances above the price area of ​​R $ 102,000 may occur for the next sessions.

It will be necessary for the Bitcoin price on Braziliex to stay above the price range of R $ 98,000 so that the developments and consolidations above it can run, because below R $ 97,600 the disadvantages may appear and thus extend below the area price of R $ 96,400.

Buyers follow with good developments above the price range of R $ 98,000 and U $ 99,000 and with that the possibilities of advances above R $ 102,000 may occur.

Buyers need to keep the Bitcoin price on Braziliex above the R $ 98,000 price range so as not to let sellers take care of the situation and the possibilities for negative advances below the R $ 97,200 price area may occur and still extend below R $ 96,400.

Buyers follow with the price of Bitcoin on Braziliex in an attempt to evolve above the price range of R $ 100,200.

Resistances: R $ 101,076 // R $ 102,015 // R $ 102,926 // R $ 103,838.

Support: R $ 99,866 // R $ 98,774 // R $ 97,878 // R $ 96,898.

RSI: It is at level 26 and with a small upward bias.

https://www.tradingview.com/x/PJ8Y9AVe

Graph: H4

Bitcoin's price remains above EMAS and above the Ichimoku Cloud.

The price of Bitcoin needs to give continuity to evolutions and consolidations above EMA 5 or above the price range of $ 18,200 so as not to lose all the evolution made so far above it.

It will be necessary for the Bitcoin price to evolve above the $ 18,600 price area for the next sessions, so that the price can evolve above the $ 18,720 price area and thereby go in search of a break in resistance of $ 18,800.

Buyers need to continue to evolve above the $ 18,300 and $ 18,400 price range in order not to lose all the work done so far.

If buyers are unable to make improvements above the $ 18,600 price range for the next sessions, the disadvantages created by the sellers may appear and thus extend below $ 18,400.

It follows buyers in an attempt to evolve above the $ 18,600 price range.

The chart on H4 will follow the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.

Resistances: U $ 18,684 // U $ 18,981 // U $ 19,259 // U $ 19,480.

Support: U $ 18,424 // U $ 18,149 // U $ 17,875 // U $ 17,537.

https://www.tradingview.com/x/n86urZPL/

Graph: H1

Bitcoin price continues to evolve well above EMAs and above the Ichimoku Cloud.

It will be of utmost importance for the Bitcoin price to continue on positive developments staying above the EMA 20 (yellow line).

The Bitcoin price needs to continue to evolve above the $ 18,660 price range for the next few sessions so as not to go into exhaustion from attempts and thereby begin to have disadvantages below the $ 18,400 price range.

With this advance above the price range of U $ 18,660 and U $ 18,740 the possibilities of advances above the great resistance of U $ 18,800 may happen.

Buyers need to keep the Bitcoin price in consolidations and developments above the price range of $ 18,440 for the next sessions, to ensure developments above $ 18,700 and with that, advances towards the attempt to break above $ 18,800 may occur.

This advance will be extremely important for buyers above the price range of U $ 18,700 so as not to go into exhaustion and thus being able to lose all the evolution made so far above U $ 18,200 and U $ 18,360.

It follows buyers above the $ 18,600 price range and in an attempt to advance above the $ 18,680 price range.

Resistances: U $ 18,678 // U $ 18,801 // U $ 18,957 // U $ 19,098.

Support: U $ 18,572 // U $ 18,448 // U $ 18,304 // U $ 18,174.

https://www.tradingview.com/x/vxECd0Tn/

Technical indicators: H1

RSI: The RSI at the BTC H1 chart time is at level 38 and has a bullish bias.

https://www.tradingview.com/x/BqwN2Igg/

MACD: The MACD at the BTC chart time is at level 183 with a slight upward bias.

https://www.tradingview.com/x/i7N27lQ3/

OBV: The OBV at the BTC chart's H1 time is at level 172 and has a bullish bias.

https://www.tradingview.com/x/Y28L4iLT/

 Graph: H5

Bitcoin's price remains well above the VWAP and above the Ichimoku Cloud.

The Bitcoin price needs an advance above the $ 18,700 price range for developments to continue above it and not come out of a dangerous area of ​​exhaustion.

The price of Bitcoin needs to be above the VWAP (wine line) to give continuity of developments and consolidations above the price area of ​​the US $ 18,360 and thus not to lose all the evolutions made up to this moment above the price area of ​​the US $ 18,200.

Buyers remain in control of the situation and are attempting to evolve above the $ 18,680 price point in the short term.

Resistances: $ 18,655 // $ 18,699 // $ 18,756 // $ 18,791.

Support: U $ 18,570 // U $ 18,531 // U $ 18,479 // U $ 18,424.

https://www.tradingview.com/x/ktZUmp9j/

BTC dominance 64.07%

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nº242