Bitcoin Technical Analysis 02-10-21

By xuanling11 | Crypto Learning | 11 Feb 2021


42914f3c50fe35377a8ac6ddf308a6b831ebf3e88dae7b0e7aaf0f506f9c15b9.png

 

Technical Analysis

Bitcoins opens at $46K and goes up to around $47K and stable around $43K ~ $45K. The average transaction fee is $25.31 which is 34.63% increase from 02-09-21. As I mentioned yesterday, Bitcoin retreat around $43K. If it stables around $43K ~ $45K, the next target is $50K.

I remain my floor price to $37K indicates the strong support and remain the ceiling price at $40K. It broke the downward trend and starts new upward trend. $50K may come soon!

Bitcoin volatility is moving volatile in yesterday. The market has reacted peak value at $48K but sell off instantly which means the Bitcoin prepares for next milestone $50K.

Bitcoin increases its correlation for Gold and Stock Market that it becomes a neutral position 👁️. The price may fluctuate more in the coming day with price toward mid-level. There may have higher risks in the coming day as the greed level still high!

Bitcoin Value =  $37k ~ $40k and my position is Long.

Here are some highlights to support my analysis:

dadfb6511b2020717b33785c1575cbabe6bdf7c87f64a94c224ba631e48a3ba8.png134578c5a8b611e66ec603294052b34cc716c193820d05e1f514c96df0760f66.pngc4b7978d0c1bdbbc2410fc28b9e39610e2517c70f55acd2467efdd0ff1339ef0.png48f05d9fa1d17edd4da29a0aa9fef6ec5222fc46843bfee0e90a740ec4b7697c.png3d8c6f4345937f23e70965c9990f3262e284483805115914d3cec167d29aea66.png

Here is the road map for today:

016ec2610b9fe7fef48aa5721e186581f9431eccdbd68fcbfbf4abd86800e4fa.png

 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News 📈

Bitcoin continue going mainstream

It indicates that Bitcoin gains more attraction from institutional buyers.

Most Bearish News 📉

Conservative firms may not follow Tesla

It indicates that Bitcoin may still having problems to go mainstream.

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

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


80d2ea03fb586d2fd138628eb99bf0757468df1a66e40b555558e2098a0d005f.png

669261adc0d3a11ac8f9ffebe3ae4a8cd613c2c35da4f833e63b427ebb76cf7f.png

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

 

Also, if you have any suggestions, please do not hesitate to let me know!

Thanks 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📈
Bitcoin Technical Analysis 02-02-21📈
Bitcoin Technical Analysis 02-03-21📈
Bitcoin Technical Analysis 02-04-21📉
Bitcoin Technical Analysis 02-05-21📈
Bitcoin Technical Analysis 02-06-21📉
Bitcoin Technical Analysis 02-07-21📈
Bitcoin Technical Analysis 02-08-21📈
Bitcoin Technical Analysis 02-09-21📉
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📈
Ethereum Technical Analysis 02-02-21📈
Ethereum Technical Analysis 02-03-21📈
Ethereum Technical Analysis 02-04-21📉
Ethereum Technical Analysis 02-05-21📈
Ethereum Technical Analysis 02-07-21📈
Ethereum Technical Analysis 02-08-21📈
Ethereum Technical Analysis 02-09-21📉
-------------------------------------------------------------------------------------
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📈
Doge Analysis 02-04-21📈
Doge Analysis 02-07-21📈
-------------------------------------------------------------------------------------
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 as defense 🛡️
Risk Seeking means you can use 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?


3

1

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.