Bitcoin 1 day analysis 2-27-2021

(The red and green arrows are the Aurox Indicator and they recommend a buy or a sell. Red indicates where you should sell and green indicates a buy zone. Pretty simple indicator but rather effective if I do say so myself.)






Good morning again ladies and gentlemen and welcome back to my daily look into the world of Bitcoin. Today I have the daily time frame pulled up as it is really doing well with my trading set up at the moment (50 MA, 200 MA, Cloud) The bears have made their presence known once again as the candles dropped from roughly 60k to 45k in a matter of days. I know that this price movement may be scary to you noobs but this is actually quite common with BTC. Anyways lets take a look at the charts.




(Just a few days left to take advantage of 25% off my trading course. This offer is good through the rest of February so if you are interested DM me)




We are currently cruising along right above some key support that really needs to hold if we expect this run to stay alive. The 4hr 50 MA was lost over this week and that is bearish in itself. But the daily is the real deal in my opinion and as long as we remain above the daily 50 MA there is hope for a pivot. But that doesnt mean you should depend on a pivot. Rather set a stop loss and hope for the best while preparing for the worst. If this daily 50 MA holds we have a real shot at a decent long. 




So currently there is a lot of support between 42k and 45k. This could keep confidence high enough to keep the bull market alive. I would be even more confident if we make it to Monday above 45k. Weekends are known for lower volume (not always but more often than not) so Im not expecting too much. But I will be ready for anything and everything. Being a trader there is no other way to do it. Stay on top of them charts or you will get REKT. 




Nothing goes straight up forever. Even if the bull market does continue after the recent dump from nearly 60k, that does not mean corrections wont be on the chart as well. Its the very nature of a cyclical market. If you truly believe in Bitcoin long term the recent 20%-25% drop we saw should not bother you. Even if you did buy at 58k. Yes you do hold the heavy bags at the moment but I was you 3 years ago. Buying at 18k and watching the profit dwindle into actual losses. I lost even more chasing alts. Really I was buying into the pumps. Not before the pumps. Which means I was left holding bags while early investors sold. But that is the nature of the beast. Gotta learn to earn and sometimes that means getting burned. 




I see the 4hr  50 MA (I know this is the daily chart but I drew the 4hr 50 MA for your convenience) is the current line in the sand for the bulls. If we can retake that 4hr 50 MA that could be the start of another pump. Of course only time will tell. We got rejected already one time this week trying to retake the 4hr 50 MA. But not all hope is lost yet as we still managed to hold onto 45k as support. That coupled with the fact we are above the 50 MA on the daily shows there is still hope. Although I would not enter a long without a strict stop loss. I hope you all have a great weekend and make smart choices folks! WTFDIK???




TLDR: 42k - 45k shows promise as strong support. 4hr 50 MA (green line) is (IMO) what we need to conquer to keep the bull run moving.




https://aurox.app/0esu 





Here is a link to my YouTube Channel. It has a preview of the course I provide and I plan to grow it a lot this year. My new years resolution was to make this YT channel blow up! Here is the link https://www.youtube.com/channel/UCvQ8m7Hqczkg5N_S7zGO6jQ



Buy Bitcoin and Earn Up to 6.5% Annual Interest from Crypto.com App
Crypto.com Earn allow you to deposit Bitcoin and other cryptos to earn interest, this is how it works: https://bit.ly/36HFnmd
Download Crypto.com App and Earn Interest now :
> iOS : https://apple.co/3d6ZjA6
> Android: https://bit.ly/36H7Mc4
Use my referral link https://crypto.com/app/qty6nstu27 to sign up for Crypto.com App and we both get $25 USD :)

Trade Bitcoin and Enjoy Up to 100% OFF Trading Fees Discount
Stake CRO on Crypto.com exchange and you will enjoy up to 100% OFF discount on trading fees, please refer to Crypto.com Exchange Fees: http://bit.ly/2LI5eCeRegister on Crypto.com Exchange and trade Bitcoin now: https://bit.ly/35TlzMv
Want more? Here are additional incentives for new exchange users
- 2% bonus paid in CRO for any crypto deposits (on-chain)
- Stake CRO and earn 10% p.a. daily, paid
- Buy crypto with up to 50% Off from Crypto.com Syndicate if stake at least 5000 CRO
*All above benefits would have conditions applied, please refer to crypto.com exchange support document: https://bit.ly/3iC3LJ0
** Crypto.com exchange is not yet open for US residents





COMMENT

9

Ogunleye Oluwafemi olawale
27 Feb

I really commended your efforts in this your up to date write up to make everyone what is happening in the world of cyrpto currency and how to adjust from not acruing losses.

10

Alagbe Adeniyi
27 Feb

Very happy that BTC has begun to be in good shape..  thanks for sharing this information with us

2

zdigital 22
28 Feb

BTC is heading up to 68k. It's a matter of days, who bets on it?

6

Mansoor Hayat
03 Mar

Thanks sir for shring new updates about bitcoin with us . you have great experience about it and always guide us for how to check graph for buy and sale.

1

asma noor
03 Mar

I genuinely recommended your efforts in this your updated write as much as make every body what's happening in the international of cyrpto forex and how to adjust from now not acruing losses.

COMMUNITY DETAILS

Bitcoin

45729

Subscriber

1

Online

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.

RELATED COMMUNITIES

Bitcoin Cash

29598 subscribers

Litecoin

28543 subscribers

Cryptocurrency Mining

27848 subscribers

Trading & TA

25134 subscribers

Zcash

19930 subscribers

Uptrennd Optimization

16832 subscribers

© 2021 UpTrennd.com