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26.02.202109:44 Forex Analysis & Reviews: Bitcoin forecast for February 26, 2021 - BUY SELL. Result for the month is + 10.93%.

Tyto informace jsou v rámci marketingové komunikace poskytovány retailovým i profesionálním klientům. Neobsahují investiční rady a doporučení, nabídky k nebo žádosti o účast na jakékoli transakci nebo strategii spojené s finančními nástroji a neměly by tak být chápány. Předchozí výkon není zárukou ani predikcí budoucího výkonu. Instant Trading EU Ltd. neručí a nezodpovídá za přesnost nebo úplnost poskytnutých informací, ani za ztrátu vyplývající z jakékoliv investice na základě analýzy, předpovědi nebo jiných informací poskytnutých zaměstnancem společnosti nebo jiným způsobem. Úplné znění Odmítnutí odpovědnosti je k dispozici zde.

Exchange Rates 26.02.2021 analysis

1. Analysis of volumes for Bitcoin futures from the Chicago Mercantile Exchange (CME).

2. Analysis of the long-term trend.

3. Analysis of the medium-term trend.

4. Analysis of the short-term trend.

5. Japanese candlestick analysis.

6. Conclusions.

7. Statistics.

1. Analysis of volumes for Bitcoin futures from the Chicago Mercantile Exchange (CME).

The analysis uses data on horizontal volumes from the Chicago Mercantile Exchange on daily charts. The analysis is carried out on the basis of the footprint-profile theory, in which the movement of the level of the maximum volume per day can indicate the likely direction of the trend. The maximum volume level is the level at which the maximum number of transactions was made, that is, the level of a large player. Accordingly, the upward movement of the maximum volume levels indicates an uptrend. A downward movement of the maximum volume level indicates a downtrend. Chaotic movement of the maximum volume levels indicates a flat in the market.

02.24.21 - Maximum horizontal volume level (POC - Point Of Control) - 50625

02.25.21 - Maximum horizontal volume level (POC - Point Of Control) - 52770

The point of control moved upwards. The price is below the POC level. The market is in a sideways correction, so you can buy and sell.

2. Analysis of the long-term trend.

A trend is a friend of a trader. Many traders know this saying but don't know how to use it. The answer is simple: trade only in the direction of the trend. This way your trades will have more profit potential with less risk. According to classical Dow theory, there are three main trends:

  • long-term;
  • medium-term;
  • short-term.

These are the trends that you need to analyze before opening any deal. This is what we will do in this analysis.

The long-term trend in this analysis is the daily trend. Trades will be executed on the daily timeframe and held for several days. The analysis of the daily trend is carried out using the 48-period exponential moving average (EMA (48)). If the daily candle closes above the EMA (48), then we have an upward trend in front of us and we should buy. If the daily candle closes below the EMA (48), then the trend is downward and we should sell.

Exchange Rates 26.02.2021 analysis

The chart shows an upward trend. The price is higher than the EMA (48), so in this situation it is worth considering purchases.

3. Analysis of the medium-term trend.

In this analysis, the medium-term trend will be the trend on the 4-hour chart (H4). The 48-period exponential moving average (EMA (48)) will also be used for this analysis. If the H4 candle closes above the EMA (48), it means that the trend is upward and you should buy. If the H4 candle closes below the EMA (48), it means that the trend is downward and you should sell.

Exchange Rates 26.02.2021 analysis

The price is lower than the EMA (48). Medium-term trend is downward. It is possible to sell.

4. Analysis of the short-term trend.

The short-term trend, which can well show the entry point to the market, will be considered a trend on the H1 timeframe. The EMA (48), the 48-period exponential moving average, will help us. If the H1 candle closes above the EMA (48), it means that the trend is upward and you should buy. If the H1 candle closes below the EMA (48), it means that the trend is downward and you should sell.

Exchange Rates 26.02.2021 analysis

The price is below the EMA (48). The short-term trend is downward, so you can sell. Long-term, medium-term, and short-term trends do not coincide.

5. Japanese candlestick analysis.

Classic Japanese candlestick analysis is applied to the daily timeframe. In this analysis, we will also analyze the daily candle.

Exchange Rates 26.02.2021 analysis

The daily candlestick is closed downward. The candlestick is black. The maximum is higher than the maximum of the previous candle. The candlestick pattern is a downward pointing Hammer. Probably a downward movement.

6. Conclusions.

  • Volume analysis - BUY SELL.
  • The long-term trend - BUY.
  • The medium-term trend - SELL.
  • The short-term trend - SELL.
  • Japanese candlestick analysis - SELL.

General conclusion: On February 26, 2021, you can buy and sell.

7. Statistics.

To analyze the effectiveness of this approach, statistics on completed transactions are kept. Forecasts are made and transactions are made on four instruments: Bitcoin, Ethereum, Litecoin, and BCH / USD. Trading account monitoring:

Exchange Rates 26.02.2021 analysis

The result for February 2021 is + 10.93%.

Statement:

Exchange Rates 26.02.2021 analysis

There is uncertainty in the market, thus, we do not open a new deal. For new trades, the Stop Loss is located behind the daily extreme points. We do not set a Take Profit, as we will accompany the transaction by moving the Stop Loss for the extreme points of the new days.

Since trading is conducted on daily charts, this recommendation is relevant throughout the day.

Trade on the trend and you will gain profit!

Maxim Petrov
analytik InstaForexu
© 2007–2024

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