BTC 12h Weekly section: Bitcoin weekend №10

20 feb 2021

To your attention the anniversary and probably the last weekly digest "Bitcoin weekend" №10.

Let's start with the fact that during the week we made three ideas: one, two, three, where we warned that the BTCUSDT price goes to $56,000 and yesterday it happened.

We do not trade on weekends, we recommend this to you. But the "homework" needs to be done to prepare for the next trading week.

So, BTCUSD can make a final impulse to the zone of $61,000, but that's a big if :)
This growth may coincide with the end of next week, when the settlement of CME BTC futures is scheduled, which by the way opened when the price was close to $33,000 per BTC.
Now, daily, weekly and even monthly candles are very bullish.
But next week may change everything.
By the way, the fact that in recent days Binance lacks funds for a loan for margin trading in long and the fact that yesterday the exchange was buggy and could not cope with user requests is very alarming! They can very much drop the prices of everything and punish those who sit in longs with a full deposit, without stops!

It is also worth mentioning about Gap, which was formed 2 months ago in the range of $24,000-27,000 and sooner or later it will still be filled.

Of course, we need to trade with the trend, and in recent months we have mostly long deals, but we must keep our head cold and do not forget that in addition to growth, there are also strong falls in the market. From time to time we post statistics on the fulfilment of our ideas and trades here in the tradingview, who is looking for - finds.

The BTC dominance during the month with the saw lowered from 66% to the current 61%, which gave the altcoins a chance to shoot well upwards.
Some altcoins have updated historical highs, while others lacked strength even by half of the growth of 2018.
Roughly speaking, now there is a "natural selection" of alts that will have the right to live in the future altseason.
Yes, yes, we think that the real altseason has not yet arrived, the BTC dominance is too high.

Moreover, the BTC dominance is now consolidating at the bottom of the 3-year channel and can easily shoot up to 68%.
As a result, Bitcoin may slightly rise in value, and alts will be drenched in blood. Take this into account in your analysis.

Well, let's try again:
In the comments, write the trading pair you want us to analyze during the next week.
We'll start in the comments, and you keep going!
TOP 5 trading pairs that will collect the most likes or comments will receive a decent analysis from us.
And of course, do not forget to subscribe to us and write thoughts in the comments regarding our analysis!

Have a great weekend everyone!
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)

22 feb 2021

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