Technical Analysis
Bitcoins opens at $47K and goes down to around $46K and stable around $46K ~ $47K. The average transaction fee is $27.50 which is 6.91% decrease from 02-12-21. As I mentioned yesterday, Bitcoin retreat around $46K. If it stables around $46K ~ $47K, the next target is $50K.
I remain my floor price to $37K indicates the strong support and remain the ceiling price at $44K. $50K may come soon!
Bitcoin volatility is moving less volatile in yesterday. The market has reacted peak value at $48.9K but retreated to $47K which means the Bitcoin prepares for next milestone $50K soon.
Bitcoin increases its correlation for Stock that it becomes a defense position π‘οΈ. The price may fluctuate less 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 =Β $37k ~ $44k and my position is Long.
Here are some highlights to support my analysis:
Here is the road map for today:
Most Bullish News π
It indicates that Bitcoin gains more attraction from institutional buyers.
Most Bearish News π
Morgan Stanley considers buying Bitcoin
It indicates that Bitcoin may dry out even faster.
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Here are summary of general forecast of this week of economy and market:
Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21π
Bitcoin Technical Analysis 01-08-21π
Bitcoin Technical Analysis 01-09-21π
Bitcoin Technical Analysis 01-10-21π
Bitcoin Technical Analysis 01-11-21π
Bitcoin Technical Analysis 01-12-21π
Bitcoin Technical Analysis 01-13-21π
Bitcoin Technical Analysis 01-14-21π
Bitcoin Technical Analysis 01-15-21π
Bitcoin Technical Analysis 01-16-21π
Bitcoin Technical Analysis 01-17-21π
Bitcoin Technical Analysis 01-18-21π
Bitcoin Technical Analysis 01-19-21π
Bitcoin Technical Analysis 01-20-21π
Bitcoin Technical Analysis 01-21-21π
Bitcoin Technical Analysis 01-22-21π
Bitcoin Technical Analysis 01-23-21π
Bitcoin Technical Analysis 01-24-21π
Bitcoin Technical Analysis 01-25-21π
Bitcoin Technical Analysis 01-26-21π
Bitcoin Technical Analysis 01-27-21π
Bitcoin Technical Analysis 01-28-21π
Bitcoin Technical Analysis 01-29-21π
Bitcoin Technical Analysis 01-30-21π
Bitcoin Technical Analysis 01-31-21π
Bitcoin Technical Analysis 02-01-21π
Bitcoin Technical Analysis 02-02-21π
Bitcoin Technical Analysis 02-03-21π
Bitcoin Technical Analysis 02-04-21π
Bitcoin Technical Analysis 02-05-21π
Bitcoin Technical Analysis 02-06-21π
Bitcoin Technical Analysis 02-07-21π
Bitcoin Technical Analysis 02-08-21π
Bitcoin Technical Analysis 02-09-21π
Bitcoin Technical Analysis 02-10-21π
Bitcoin Technical Analysis 02-11-21π
Bitcoin Technical Analysis 02-12-21π
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21π
Ethereum Technical Analysis 01-08-21π
Ethereum Technical Analysis 01-09-21π
Ethereum Technical Analysis 01-10-21π
Ethereum Technical Analysis 01-11-21π
Ethereum Technical Analysis 01-12-21π
Ethereum Technical Analysis 01-13-21π
Ethereum Technical Analysis 01-14-21π
Ethereum Technical Analysis 01-15-21π
Ethereum Technical Analysis 01-16-21π
Ethereum Technical Analysis 01-17-21π
Ethereum Technical Analysis 01-18-21π
Ethereum Technical Analysis 01-19-21π
Ethereum Technical Analysis 01-20-21π
Ethereum Technical Analysis 01-21-21π
Ethereum Technical Analysis 01-22-21π
Ethereum Technical Analysis 01-23-21π
Ethereum Technical Analysis 01-24-21π
Ethereum Technical Analysis 01-25-21π
Ethereum Technical Analysis 01-26-21π
Ethereum Technical Analysis 01-27-21π
Ethereum Technical Analysis 01-28-21π
Ethereum Technical Analysis 01-29-21π
Ethereum Technical Analysis 01-30-21π
Ethereum Technical Analysis 01-31-21π
Ethereum Technical Analysis 02-01-21π
Ethereum Technical Analysis 02-02-21π
Ethereum Technical Analysis 02-03-21π
Ethereum Technical Analysis 02-04-21π
Ethereum Technical Analysis 02-05-21π
Ethereum Technical Analysis 02-07-21π
Ethereum Technical Analysis 02-08-21π
Ethereum Technical Analysis 02-09-21π
Ethereum Technical Analysis 02-10-21π
Ethereum Technical Analysis 02-11-21π
Ethereum Technical Analysis 02-12-21π
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21π
Doge Analysis 01-01-21π
Doge Analysis 01-02-21π
Doge Analysis 01-11-21π
Doge Analysis 01-28-21π
Doge Analysis 02-04-21π
Doge Analysis 02-07-21π
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21π₯π₯
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21π₯π₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21π₯π₯
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Risk forecast guideline:
Risk Averse means you can use as defense π‘οΈ
Risk Seeking means you can use as offense βοΈ
Risk Neutral means no decision made and continue seeking opportunities ποΈ
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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.