Bitcoin Technical Analysis 02-19-21

By xuanling11 | Crypto Learning | 19 Feb 2021


Technical Analysis

Bitcoins opens at $51K and goes up to around $56K and stable around $54K ~ $55K. The average transaction fee is $23.98 which is 2.04% increase from 02-18-21. As I mentioned yesterday, Bitcoin retreat around $55K after touch $56K. If it stables around $54K ~ $55K, the next target is stable at $55K and hit $58K. The question is if Bitcoin will continue raising and be sustainable? My opinion is still yes which it will have more and more institutional buyers hype to buy. However, I also think the risk is high at this level.

I remain my floor price to $37K indicates the strong support and remain the ceiling price at $47K since $55K has reached!

Bitcoin volatility is moving less volatile in yesterday. The market has reacted peak value at $52.6K but retreated to $50K which means the Bitcoin prepares for next milestone $55K soon if continue stabling around $51K.

Bitcoin increases its correlation for Stock that it becomes a neutral position πŸ‘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 ~ $47k and my position is Long.

Here are some highlights to support my analysis:

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Here is the road map for today:

43e7cf3c6615a3e67d6499498867d72f9a849809bd5e41a9e1955576cac8b21d.png

Β 

14404f5247fb0704e38cfc8bf24bc91d627e09c038b71924ce55cf6316d695f5.png

Most Bullish News πŸ“ˆ

Bill Gates may buy Bitcoin

It indicates that Bitcoin may continue raising more.

Most Bearish News πŸ“‰

Bitcoin continue drying out

It indicates that Bitcoin may face correction later with exceed supply.

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Here are summary of general forecast of this week of economy and market:
e8df82c31c5d9de948df81eda3cce375887a8c7d7efafa111226026643d10dc0.png

894d1a3dd1956bd48bc40c8793b44dfa871e66e60eedf382c701a87daf92e8dd.png

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

Thanks for reading and see you tomorrow!

893a5f1bf20990c72b5ac1ff130dfed604021aca01b7218d6c5e436906458d8b.png

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You can reference my previous Bitcoin analysis here:
Bitcoin Technical Analysis 01-07-21πŸ“ˆ
Bitcoin Technical Analysis 01-08-21πŸ“ˆ
Bitcoin Technical Analysis 01-09-21πŸ“‰
Bitcoin Technical Analysis 01-10-21πŸ“‰
Bitcoin Technical Analysis 01-11-21πŸ“‰
Bitcoin Technical Analysis 01-12-21πŸ“ˆ
Bitcoin Technical Analysis 01-13-21πŸ“‰
Bitcoin Technical Analysis 01-14-21πŸ“ˆ
Bitcoin Technical Analysis 01-15-21πŸ“‰
Bitcoin Technical Analysis 01-16-21πŸ“‰
Bitcoin Technical Analysis 01-17-21πŸ“‰
Bitcoin Technical Analysis 01-18-21πŸ“ˆ
Bitcoin Technical Analysis 01-19-21πŸ“ˆ
Bitcoin Technical Analysis 01-20-21πŸ“‰
Bitcoin Technical Analysis 01-21-21πŸ“‰
Bitcoin Technical Analysis 01-22-21πŸ“ˆ
Bitcoin Technical Analysis 01-23-21πŸ“‰
Bitcoin Technical Analysis 01-24-21πŸ“‰
Bitcoin Technical Analysis 01-25-21πŸ“ˆ
Bitcoin Technical Analysis 01-26-21πŸ“‰
Bitcoin Technical Analysis 01-27-21πŸ“‰
Bitcoin Technical Analysis 01-28-21πŸ“ˆ
Bitcoin Technical Analysis 01-29-21πŸ“ˆ
Bitcoin Technical Analysis 01-30-21πŸ“‰
Bitcoin Technical Analysis 01-31-21πŸ“‰
Bitcoin Technical Analysis 02-01-21πŸ“ˆ
Bitcoin Technical Analysis 02-02-21πŸ“ˆ
Bitcoin Technical Analysis 02-03-21πŸ“ˆ
Bitcoin Technical Analysis 02-04-21πŸ“‰
Bitcoin Technical Analysis 02-05-21πŸ“ˆ
Bitcoin Technical Analysis 02-06-21πŸ“‰
Bitcoin Technical Analysis 02-07-21πŸ“ˆ
Bitcoin Technical Analysis 02-08-21πŸ“ˆ
Bitcoin Technical Analysis 02-09-21πŸ“‰
Bitcoin Technical Analysis 02-10-21πŸ“‰
Bitcoin Technical Analysis 02-11-21πŸ“ˆ
Bitcoin Technical Analysis 02-12-21πŸ“ˆ
Bitcoin Technical Analysis 02-13-21πŸ“ˆ
Bitcoin Technical Analysis 02-14-21πŸ“ˆ
Bitcoin Technical Analysis 02-15-21πŸ“ˆ
Bitcoin Technical Analysis 02-16-21πŸ“ˆ
Bitcoin Technical Analysis 02-17-21πŸ“ˆ
Bitcoin Technical Analysis 02-18-21πŸ“ˆ
You can reference my Bitcoin methodology here and here.
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You can reference my previous Ethereum analysis here:
Ethereum Technical Analysis 01-07-21πŸ“ˆ
Ethereum Technical Analysis 01-08-21πŸ“‰
Ethereum Technical Analysis 01-09-21πŸ“ˆ
Ethereum Technical Analysis 01-10-21πŸ“‰
Ethereum Technical Analysis 01-11-21πŸ“‰
Ethereum Technical Analysis 01-12-21πŸ“ˆ
Ethereum Technical Analysis 01-13-21πŸ“‰
Ethereum Technical Analysis 01-14-21πŸ“ˆ
Ethereum Technical Analysis 01-15-21πŸ“‰
Ethereum Technical Analysis 01-16-21πŸ“ˆ
Ethereum Technical Analysis 01-17-21πŸ“‰
Ethereum Technical Analysis 01-18-21πŸ“ˆ
Ethereum Technical Analysis 01-19-21πŸ“ˆ
Ethereum Technical Analysis 01-20-21πŸ“‰
Ethereum Technical Analysis 01-21-21πŸ“‰
Ethereum Technical Analysis 01-22-21πŸ“ˆ
Ethereum Technical Analysis 01-23-21πŸ“ˆ
Ethereum Technical Analysis 01-24-21πŸ“ˆ
Ethereum Technical Analysis 01-25-21πŸ“ˆ
Ethereum Technical Analysis 01-26-21πŸ“‰
Ethereum Technical Analysis 01-27-21πŸ“‰
Ethereum Technical Analysis 01-28-21πŸ“ˆ
Ethereum Technical Analysis 01-29-21πŸ“ˆ
Ethereum Technical Analysis 01-30-21πŸ“ˆ
Ethereum Technical Analysis 01-31-21πŸ“‰
Ethereum Technical Analysis 02-01-21πŸ“ˆ
Ethereum Technical Analysis 02-02-21πŸ“ˆ
Ethereum Technical Analysis 02-03-21πŸ“ˆ
Ethereum Technical Analysis 02-04-21πŸ“‰
Ethereum Technical Analysis 02-05-21πŸ“ˆ
Ethereum Technical Analysis 02-07-21πŸ“ˆ
Ethereum Technical Analysis 02-08-21πŸ“ˆ
Ethereum Technical Analysis 02-09-21πŸ“‰
Ethereum Technical Analysis 02-10-21πŸ“‰
Ethereum Technical Analysis 02-11-21πŸ“ˆ
Ethereum Technical Analysis 02-12-21πŸ“ˆ
Ethereum Technical Analysis 02-13-21πŸ“ˆ
Ethereum Technical Analysis 02-14-21πŸ“ˆ
Ethereum Technical Analysis 02-15-21πŸ“‰
Ethereum Technical Analysis 02-16-21πŸ“ˆ
Ethereum Technical Analysis 02-17-21πŸ“ˆ
Ethereum Technical Analysis 02-18-21πŸ“ˆ
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You can reference my previous Dogecoin analysis here:
Doge Analysis 12-28-21πŸ“ˆ
Doge Analysis 01-01-21πŸ“ˆ
Doge Analysis 01-02-21πŸ“ˆ
Doge Analysis 01-11-21πŸ“‰
Doge Analysis 01-28-21πŸ“ˆ
Doge Analysis 02-04-21πŸ“ˆ
Doge Analysis 02-07-21πŸ“ˆ
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You can reference my previous Cryptomarket forecast analysis here:
Crytomarket Weekly Overview and Forecast 01-15-21 to 01-22-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21πŸ”₯πŸ”₯
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21πŸ”₯πŸ”₯
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Risk forecast guideline:
Risk Averse means you can use as defense πŸ›‘οΈ
Risk Seeking means you can use as offense βš”οΈ
Risk Neutral means no decision made and continue seeking opportunities πŸ‘οΈ
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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.

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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.

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