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18.02.2022: Forex Analysis & Reviews: Trading plan for Bitcoin for February 18, 2022
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Forex forecast 18/02/2026: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, Gold and Bitcoin
2026-02-18 UTC+3
Forex forecast 17/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, Oil, SP500 and Bitcoin
2026-02-17 UTC+3
Forex forecast 16/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin
2026-02-16 UTC+3
Forex forecast 13/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin
2026-02-13 UTC+3
Forex forecast 12/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500, Ethereum and Bitcoin
2026-02-12 UTC+3
Forex forecast 11/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin
2026-02-11 UTC+3
Forex forecast 10/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin
2026-02-10 UTC+3
Forex forecast 09/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SP500 and Bitcoin
2026-02-10 UTC+3
Forex forecast 06/02/2026:EUR/USD, USD/JPY, GBP/USD, Gold and Bitcoin
2026-02-06 UTC+3
Forex forecast 05/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold and Bitcoin
2026-02-05 UTC+3
Forex forecast 04/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, Oil, SP500 and Bitcoin
2026-02-04 UTC+3
Forex forecast 03/02/2026: EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, Gold and Bitcoin
2026-02-03 UTC+3
Forex forecast 02/02/2026: EUR/USD, USD/JPY, GBP/USD, Gold, Silver, SP500 and Bitcoin
2026-02-02 UTC+3
Forex forecast 30/01/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SPX, Oil and Bitcoin
2026-01-30 UTC+3
Forex forecast 29/01/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SPX, Oil and Bitcoin
2026-01-29 UTC+3
Forex forecast 28/01/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SPX, USDX and Bitcoin
2026-01-28 UTC+3
Forex forecast 27/01/2026: EUR/USD, USD/JPY, GBP/USD, Gold, SPX and Bitcoin
2026-01-27 UTC+3
Forex forecast 26/01/2026: EUR/USD, USD/JPY, GBP/USD, Gold, USDX and Bitcoin
2026-01-26 UTC+3

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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
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