Bitcoin 1 day analysis 11/30/2020

(The red and green arrows are the Aurox Indicator and they recommend a buy or a sell. Red indicates where you should sell and green indicates a buy zone. Pretty simple indicator but rather effective if I do say so myself.)  






Good morning everyone and welcome back to HeisenbergBTC's daily analysis of Bitcoin. Today we have the daily pulled up after a nice reversal over the long weekend (US). As we return back to the grind I see we are well above the low of nearly 16k over the weekend. Things look much better than 3 days ago that is for sure. Anyways I have a few things I would like to bring up so grab some coffee and pull up a seat.


I pulled up the daily time frame today as it has been quite a while since I shared the daily. Not because it is not important. I think the daily is the most significant time frame of them all. I have just not had much luck with the daily jiving with my set up (50 MA, 200 MA, Ichimoku cloud) The 4hr has been much easier for me in terms of my setup. But you should always cycle through to the major time frames multiple times a day. This ensures you dont overlook anything. For example... We had a nice bullish reversal candle form November 27th. When that candle painted we have 2 solid days of good gains coupled with today which looks solid as well. Those dojis are pretty reliable for the most part.




I also see that we have a decent gap below us. You see the CME closed Thursday last week, opened Friday, closed again Saturday and Sunday. Well we dumped nearly 3k on Thanksgiving. Recovered to around 18200 before the gap showed up. The gap for the long weekend is pretty large. From 17k - 18200 approximately. I dont know how many gaps we have below us but this makes it more than 4 I imagine. To be fair we have had a few of those gaps I mentioned on the chart for over a year. Gaps tend to fill quickly but this gap is quite large so only time will tell for sure if it gets filled or if we abandon the gap til the bear run shows up.




I have been talking a lot about the 4hr time frame so I will touch on that a bit this morning. We did escape the 4hr cloud within the last few hours. Being above the cloud is considered bullish. Although I would like to establish a confirmation candle to make sure this isnt a bull trap. The 4hr cloud gets really thin over the next few candles and it would not be surprising if the bears took that opportunity to drop us back below the cloud. Ive seen it happen quite a few times. Anyways we are back above that infamous 4hr 50 MA once again. Lets hope it holds like it did for most of the run from 10600 - 19500.




All in all we are recovering from the dump quite nicely. But let me remind you all that we are still not out of those woods. The bears are seemingly awakened from their hibernation. So my best advice is to set a stop loss. Dont be a hero. The weekly close yesterday looked quite bearish to me but it has not affected the market as I thought it would. Im still keeping an eye on things. As the western hemisphere awakens we will see the direction they want to take the market. I hope you all have an amazing day. Make good smart choices my friends. And as all of you probably guessed.... WTFDIK???




TLDR: Someone wake the bulls up!! We got an ATH to smash! Things looks surprisingly bullish on the daily. Weekly not so much. Big gap below us. Stay tuned!!!




https://aurox.app/bhd




This is a link to the Aurox Telegram that I help moderate. If you want to learn more about TA or just want to learn more about Aurox itself stop on by. I try to participate as much as I can.






Buy Bitcoin and Earn Up to 6.5% Annual Interest from Crypto.com App
Crtpto.com Earn allow you to deposit Bitcoin and other crypto to earn interest, this is how it works : https://bit.ly/36HFnmd
Download Crypto.com App and Earn Interest now :
> iOS : https://apple.co/3d6ZjA6
> Android : https://bit.ly/36H7Mc4
Crypto.com App: https://crypto.com/en/wallet.html


Trade Bitcoin and Earn Taker Fee
Crypto.com is now doing a stake-to-take program where you can earn up to 100.1% of taker fee that you paid
Register on Crypto.com Exchange and earn from trading Bitcoin : https://bit.ly/35TlzMv
Want more ? Here are additional incentives for new exchange users
- 2% bonus paid in CRO for any crypto deposits (on-chain)
- Stake CRO for 180 days and earn 20% p.a. daily, paid in CRO
- Buy crypto with up to 50% Off from Crypto.com Syndicate if stake at least 5000 CRO
*All above benefits would have conditions applied, please refer to crypto.com exchange support document : https://bit.ly/3iC3LJ0
** Crypto.com exchange is not yet open for US residents
COMMENT

4

ARALOYIN JOSHUA
30 Nov

BTC Is a Boom.....The Price have $skyrocketed within just 3month from $8,000 to $19,000 that's 100% ....hmmmmm that's really  Amazing Now it has Just fallen to 18,700 ....Its still Amazing

9

Muhammad Naveed
30 Nov

Bitcoin price is varying now a days to a great extent. And crypto market provides opportunity to traders that have great experience of analysis.

You provide necessary information and analysis. I appreciate your post 😍

4

Hugo Rep
30 Nov

Aurox was a Polish GNU / Linux distribution based on Fedora Core and previously its predecessor (Red Hat). Since version 11.0, KDE was the default desktop. The last version of Aurox was 12.0.

Since October 30, 2006, the project was suspended without giving an official announcement about the reasons for this situation. To see the official text of the site, you must know Polish, not being valid in Spanish. The Aurox brand was sold on December 14, 2006 to the Coba Solutions company.


It has something to do with the App?

13

HariS Khan
30 Nov

I am really glad to see that now BTC value again the moon but when I see the price of btc I am shocked due to it's $18000 but we hope it will increase soon more and thank you so much for the update of btc 

COMMUNITY DETAILS

Bitcoin

43716

Subscriber

1

Online

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.

RELATED COMMUNITIES

Bitcoin Cash

28251 subscribers

Litecoin

27520 subscribers

Cryptocurrency Mining

26700 subscribers

Trading & TA

24107 subscribers

Zcash

19215 subscribers

Uptrennd Optimization

16184 subscribers

© 2021 UpTrennd.com