128
Technical Analysis
Bitcoins opens at $40K. It hits lowest at $39K and highest at $42K and stable around $40K ~ $41K. The average transaction fee is $2.48 which is 1.20% decrease from 08-05-21. Fear and Greed level is at 50.
Here are some highlights to support my analysis:
Bitcoin Value = $28k ~ $40k and my position is Long.
Current News Summary:
Today’s sentimental news and comments:
Bullish News ??
Mega Bitcoin whales are disappearing because they continue selling their coins and redistributing them to others. It is sustainable and helps the network with extra liquidity to move the market forward.
Nigerians move $40 million P2P Bitcoin trading in a month. There is a rising adoption from West Africa.
Bearish News ??
The U.S. infrastructure bill taps into crypto for tax and it gets real as the Treasury hits hard on crypto investment that attracts institutional investors.
I wrote an article about Defi and traditional swap in financial markets. Now, the government thinks crypto may implement similar swap regulation. I think they read my article here, lol.
Crypto banning in China helps electric vehicle adoption. It frees up energy from crypto mining to power the EV battery. Either way Elon Musk will benefit from one and another.
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Also, if you have any suggestions, please do not hesitate to let me know!
Thanks for reading and see you tomorrow!
------------------------------------------------------------------------------------Note: Cross-references of this article has created by author and has cross-referenced on multiple platforms. You can find links below ????:
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You can reference my previous monthly Bitcoin and Ethereum analysis here ????:
Note:some links refer at the beginning of next month that include all previous month links of reports
???? January 2021 Technical Analysis Summary ????
???? February 2021 Technical Analysis Summary ????
???? March 2021 Technical Analysis Summary ????
???? April 2021 Technical Analysis Summary ????
???? May 2021 Technical Analysis Summary ????
???? June 2021 Technical Analysis Summary ????
???? July 2021 Technical Analysis Summary ????
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You can reference my previous daily Bitcoin analysis here ????:
Bitcoin Technical & Sentimental Analysis 07-31-21??
Bitcoin Technical & Sentimental Analysis 08-01-21??
Bitcoin Technical & Sentimental Analysis 08-02-21??
Bitcoin Technical & Sentimental Analysis 08-03-21??
Bitcoin Technical & Sentimental Analysis 08-04-21??
Bitcoin Technical & Sentimental Analysis 08-05-21??
You can reference my Bitcoin methodology here and here.
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You can reference my previous daily Ethereum analysis here ????:
Ethereum Technical & Sentimental Analysis 07-31-21??
Ethereum Technical & Sentimental Analysis 08-01-21??
Ethereum Technical & Sentimental Analysis 08-02-21??
Ethereum Technical & Sentimental Analysis 08-03-21??
Ethereum Technical & Sentimental Analysis 08-04-21??
Ethereum Technical & Sentimental Analysis 08-05-21??
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You can reference my previous daily Dogecoin analysis here ????:
Doge Analysis 01-11-21??
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You can reference my previous weekly Cryptomarket forecast analysis here ????:
Crytomarket Weekly Overview and Forecast 01-22-21 to 01-29-21????
Crytomarket Weekly Overview and Forecast 01-29-21 to 02-05-21????
Crytomarket Weekly Overview and Forecast 02-05-21 to 02-12-21????
Crytomarket Weekly Overview and Forecast 02-12-21 to 02-19-21????
Crytomarket Weekly Overview and Forecast 02-19-21 to 02-26-21????
Crytomarket Weekly Overview and Forecast 02-26-21 to 03-05-21????
Crytomarket Weekly Overview and Forecast 03-05-21 to 03-12-21????
Crytomarket Weekly Overview and Forecast 03-12-21 to 03-19-21????
Crytomarket Weekly Overview and Forecast 03-19-21 to 03-26-21????
Crytomarket Weekly Overview and Forecast 03-26-21 to 04-02-21????
Crytomarket Weekly Overview and Forecast 04-02-21 to 04-09-21????
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Check out my Ah moment here ????:
??Ah moment 05-31-21??
??Ah moment 06-02-21??
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Risk forecast guideline:
Risk Averse means you can use as defense ???
Risk Seeking means you can use as offense ??
Risk Neutral means no decision made and continue seeking opportunities ???
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Disclosure: I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose cryptocurrencies are mentioned in this article. This information is only for educational purposes.
