Bitcoin Technical Analysis 02-02-21

By xuanling11 | Crypto Learning | 2 Feb 2021


Both Bitcoin and Ethereum breaks my ceiling price!

Technical Analysis

e1ecdc0bd16238f00727ceece46d2d7d6a30a6d23b5ab47fa5c8acddc31a5746.pngaafd59f819e93750eedb6493a58dddafc1a8f368661a51b5d79ee34dbb4f722a.pngb368f1ff909d17f8f8c453ad9991df6140b40f0878cdc6e839060b51c9a6cfb3.png981b17c4f1bafd07dce8f990e95ec84ae0fd8a9b512dc2db51f52a36cc7c48f8.png4e29d906071e98cb5fb4322ecf4b6e46173653a9f8e7f1a419d0b3c2dfd907a0.pnga6ce2d65baf6d441ff119bf9c731f528400d00ac995ee111166e1839184181fd.pngc9ebe196ff6baeac3c9eeca8019bcac6ebd4b0d216d62b49be648edf669d731b.pngb0619d6cf5f5dde251bd2d5cbf006f825b2426db96ec8d9ff68e598d892ca33a.png5414a6210867aca49dc0e72a7f7b7b3f0751cf916f67c01ddf62fee110b5a020.pngc0faf6ddd690d9bd963f8c0816f37c74ecf5614f6a15ea64bd503d40ecafedc9.png50eccb4ba877d2903c57030fa76f93a5d4c3a19993663cf44aaaa5a1f3cb0355.png72960940a06cb8b63fcc36cb44b6ca14d1020ab33e283d05a0dbbb58ede83ea9.png

Bitcoins opens at $33K and goes up to around $35K and stable around $33K ~ $34K. The average transaction fee is $15.54 which is 36.92% increase from 02-01-21.

I remain my floor price to $30K indicates the strong support and raise the ceiling price at $36K.

Bitcoin volatility is moving slower in yesterday. The market has reacted positive and push price higher to break my target value of $35K!

Bitcoin decreases its correlation for all assets but increases with stock volatility that it becomes a offense position ⚔️. The price may fluctuate less in the coming day with price toward lower-level. There may have some risks in the coming day.

Bitcoin Value =  $30k ~ $36k and my position is Long.

Here is the road map:

f478b769df271f79edcdc30a96965a693a0664ee468a4f9baf73bede0627c673.png

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Institutional investor bullish on Bitcoin

It indicates that Bitcoin continue attracting institutional buyers.

Most Bearish News 📉

Bitcoin trading continue increasing

It indicates that Bitcoin transaction fees will impact and price may come to reduce.

 

If you want to support my work, you can click like bottom below and tip more of my works!

88f2df56c92a6afe62d3fe71d10e985e95fdb8d79b62b4ef65dffa1d6a0368b7.png

-------------------------------------------------------------------------------------

Here are summary of general forecast of this week of economy and market:


d69799e5c89078f2b20d9ef0b04cc6f3d614c810943613f37ccc79eb9d3d328d.png

4b1580ead9777d8df0e373d0eb61c55899eb42290a7f361eae7f406110c435e1.png

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.pngThanks for reading and see you tomorrow!








-------------------------------------------------------------------------------------
You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21📈
Bitcoin Technical Analysis 01-08-21📈
Bitcoin Technical Analysis 01-09-21📉
Bitcoin Technical Analysis 01-10-21📉
Bitcoin Technical Analysis 01-11-21📉
Bitcoin Technical Analysis 01-12-21📈
Bitcoin Technical Analysis 01-13-21📉
Bitcoin Technical Analysis 01-14-21📈
Bitcoin Technical Analysis 01-15-21📉
Bitcoin Technical Analysis 01-16-21📉
Bitcoin Technical Analysis 01-17-21📉
Bitcoin Technical Analysis 01-18-21📈
Bitcoin Technical Analysis 01-19-21📈
Bitcoin Technical Analysis 01-20-21📉
Bitcoin Technical Analysis 01-21-21📉
Bitcoin Technical Analysis 01-22-21📈
Bitcoin Technical Analysis 01-23-21📉
Bitcoin Technical Analysis 01-24-21📉
Bitcoin Technical Analysis 01-25-21📈
Bitcoin Technical Analysis 01-26-21📉
Bitcoin Technical Analysis 01-27-21📉
Bitcoin Technical Analysis 01-28-21📈
Bitcoin Technical Analysis 01-29-21📈
Bitcoin Technical Analysis 01-30-21📉
Bitcoin Technical Analysis 01-31-21📉
Bitcoin Technical Analysis 02-01-21📈
You can reference my Bitcoin methodology here and here.
-------------------------------------------------------------------------------------
You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21📈
Ethereum Technical Analysis 01-08-21📉
Ethereum Technical Analysis 01-09-21📈
Ethereum Technical Analysis 01-10-21📉
Ethereum Technical Analysis 01-11-21📉
Ethereum Technical Analysis 01-12-21📈
Ethereum Technical Analysis 01-13-21📉
Ethereum Technical Analysis 01-14-21📈
Ethereum Technical Analysis 01-15-21📉
Ethereum Technical Analysis 01-16-21📈
Ethereum Technical Analysis 01-17-21📉
Ethereum Technical Analysis 01-18-21📈
Ethereum Technical Analysis 01-19-21📈
Ethereum Technical Analysis 01-20-21📉
Ethereum Technical Analysis 01-21-21📉
Ethereum Technical Analysis 01-22-21📈
Ethereum Technical Analysis 01-23-21📈
Ethereum Technical Analysis 01-24-21📈
Ethereum Technical Analysis 01-25-21📈
Ethereum Technical Analysis 01-26-21📉
Ethereum Technical Analysis 01-27-21📉
Ethereum Technical Analysis 01-28-21📈
Ethereum Technical Analysis 01-29-21📈
Ethereum Technical Analysis 01-30-21📈
Ethereum Technical Analysis 01-31-21📉
Ethereum Technical Analysis 02-01-21📈
-------------------------------------------------------------------------------------
You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21📈
Doge Analysis 01-01-21📈
Doge Analysis 01-02-21📈
Doge Analysis 01-11-21📉
Doge Analysis 01-28-21📈
-------------------------------------------------------------------------------------
You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21🔥🔥
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21🔥🔥
-------------------------------------------------------------------------------------
Risk forecast guideline:
Risk Averse means you can use Ethereum as defense 🛡️
Risk Seeking means you can use Ethereum as offense ⚔️
Risk Neutral means no decision made and continue seeking opportunities 👁️
-------------------------------------------------------------------------------------
Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.

How do you rate this article?


1

0

xuanling11
xuanling11

A delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters to write with a freestyle.


Crypto Learning
Crypto Learning

All article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.