Commodities

Monday, 22 February 2021

A TECHNICAL UPDATE ON BITCOIN-22.2.2021

 



BITCOIN


Closed At:--$57539.94 on 21.2.2021  

 

Support: $-50937.28/46347.48/43881.15/41946.70/39966.41/38406.20/37446.15

32270.18/30549.60/28953.37.

 

Resistance: $-58330.57/62969.91/74769.96/83993.12.

 

Further to my post of 21.2.2021 please note that as it has hit a new all-time high of $58330.57 today, therefore its Important and critical key points have changed and as of now are at $54920---$51397.55---$48722.76---$45533.80---$45317.70(these figures will change if it hits a new high again). It is suggested to buy on decline at appropriate points but not below $45533.80 & $45317.70. The rest of the observation will remain the same.

 

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here is of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

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