empty
 
 
18.02.2022: Forex Analysis & Reviews: Trading plan for Bitcoin for February 18, 2022
loader
Forex forecast 14/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-14 UTC+3
Forex forecast 13/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-13 UTC+3
Forex forecast 09/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-09 UTC+3
Forex forecast 08/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-08 UTC+3
Forex forecast 07/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-08 UTC+3
Forex forecast 06/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-06 UTC+3
Forex forecast 05/10/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-10-05 UTC+3
Forex forecast 30/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-30 UTC+3
Forex forecast 29/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-29 UTC+3
Forex forecast 28/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-28 UTC+3
Forex forecast 24/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-25 UTC+3
Forex forecast 23/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-23 UTC+3
Forex forecast 22/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-22 UTC+3
Forex forecast 21/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 09/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 08/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3
Forex forecast 07/09/2026: EUR/USD, USD/JPY, GBP/USD, SP500, OIL, BTC
2026-09-21 UTC+3

analytics620f06188ba94.jpg

Technical outlook:

Bitcoin has dropped through $40,000 mark in-line with expectations as we have been discussing earlier. The crypto has completed its minimum expectations to complete the Gartley structure. Potential still remains for a drag through $38,000-500 mark before finding support and resuming its rally through $48,000-50,000 levels.

Bitcoin has reached the Fibonacci 0.382 retracement of its recent upswing between $33,000 and $46,000 levels as depicted here. A bullish reversal here remains possible and it is advisable to book profits on short positions initiated earlier. The Fibonacci 0.618 retracement is seen through $38,000-500 mark and high probability remains for a reversal if prices manage to reach there.

Bitcoin is expected to resume its rally toward $48,000-50,000 zone at least, to complete the proposed Head and Shoulder on the daily chart here. The Head is seen through $69,000, Left Shoulder through $51,000 and potential Right Shoulder towards $50,000 mark. If correct, Bitcoin should produce a sharp rally from here. Bottom line is $33,000 should hold going forward.

Trading plan:

Potential rally to $50,000, against $33,000.

Good luck!

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Oscar Ton,
Analytical expert of InstaForex
© 2007-2026
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.
Widget callback