Monday, 1 February 2021

BTCUSD/BITCOIN ANALYSIS FEBRUARY 2021

ANALYSIS 27-FEB-2021

PRIMARY SCENARIO:
we can see some upside and fall back to 42680, 38000-35000

ALTERNATE SCENARIO:
If 43000 is end of correction and holds support, we can see 58000 and more.

My view still bearish for 40000 before big rise to 80000/90000.



ANALYSIS 23-FEB-2021

As long as 38500 holds support, we will see new highs...
Long term target would be 56600, 57600, 62200, 66900, 74400, 77400, 85000.



ANALYSIS 20-FEB-2021

As per my analysis BTC reached ultimate target zone for this wave.
Extensions can be 56600, 58000, 62800, 67200.

If 56600 resists, we can see corrective move towards 50000, 45000 extension 37000.

Reversal from any of these levels 1st target 56600.
Long term target would be 56600, 57600, 62200, 66900, 74400, 77400, 85000.







ANALYSIS 17-FEB-2021

Topped ore more upside left?



ANALYSIS 07-FEB-2021

CMP: 38388; RES: 40634/41955; SUP: 28750

As long as 40634/41955 resists, we can see another drop and I expect this correction to be a triangle.

If so, we can see 37800, 36000, 34700, 33300, 32300.

Let us see how this progresses.



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