Bitcoin and Ethereum analysis 04/20/2021: is a bearish Bitcoin beginning to be seen?

0


Talking Crypto

After the problems presented on Saturday, with the loss of the hash power of 49%, which led to a fall of $ 10,000, on Monday night Bitcoin fell back to $ 53,800.

This led to another very red day for altcoins. Some with up to almost 20% retracement. And I wonder: Is the change in trend beginning? Although in macro the trend is still upward, in time periods of 4h and 1h the perspective is already different.

Let's see what will happen in my new analysis for Cryptocurrency.

Bitcoin

BITCOIN ANALYSIS 20 04 2021 "width =" 1024 "height =" 473 "srcset =" https://criptomonedaseico.com/wp-content/uploads/2021/04/www.criptomonedaseico.com-analisis-bitcoin-y-ethereum -20042021-begins-to-see-a-bitcoin-bearish-analysis-bitcoin-20-04-2021-1024x473.jpg 1024w, https://criptomonedaseico.com/wp-content/uploads/2021/04/ www.criptomonedaseico.com-analisis-bitcoin-y-ethereum-20042021-is-beginning-to-see-a-bitcoin-bearish-analisis-bitcoin-04-20-2021-300x139.jpg 300w, https: // cryptocurrency .com / wp-content / uploads / 2021/04 / www.criptomonedaseico.com-analysis-bitcoin-and-ethereum-20042021-beginning-to-see-a-bitcoin-bearish-analysis-bitcoin-20-04 -2021-768x355.jpg 768w, https://criptomonedaseico.com/wp-content/uploads/2021/04/www.criptomonedaseico.com-analisis-bitcoin-y-ethereum-20042021-se-empieza-a-ver- un-bitcoin-bearish-bitcoin-analysis-04-20-2021.jpg 1280w "sizes =" (max-width: 1024px) 100vw, 1024px
Bitcoin price chart 04/20/2021 | TradingView

We see how BTC at 4H has broken the bearish channel it was carrying. The bulls are struggling (as of this writing) to stay at $ 55,000, which has been the support level since Saturday's crash.

Bulls trying to go for $ 57,500 without success. The bears in full control of the situation holding the price at $ 55,000 and pushing hard could take you between $ 53,000-50,000.

If they succeed, we can easily see $ 50,000 lose, and go for $ 44,700.

Ethereum

ANALYSIS ETHEREUM 20 04 2021 "width =" 1024 "height =" 473 "srcset =" https://criptomonedaseico.com/wp-content/uploads/2021/04/www.criptomonedaseico.com-analisis-bitcoin-y-ethereum -20042021-begins-to-see-a-bearish-bitcoin-analysis-ethereum-20-04-2021-1024x473.jpg 1024w, https://criptomonedaseico.com/wp-content/uploads/2021/04/ www.criptomonedaseico.com-analisis-bitcoin-y-ethereum-20042021-se-starts-a-ver-un-bitcoin-abjista-analisis-ethereum-20-04-2021-300x139.jpg 300w, https: // cryptocurrency .com / wp-content / uploads / 2021/04 / www.criptomonedaseico.com-analysis-bitcoin-and-ethereum-20042021-beginning-to-see-a-bitcoin-bearish-analysis-ethereum-20-04 -2021-768x355.jpg 768w, https://criptomonedaseico.com/wp-content/uploads/2021/04/www.criptomonedaseico.com-analisis-bitcoin-y-ethereum-20042021-se-empieza-a-ver- un-bitcoin-bearish-ethereum-analysis-04-20-2021.jpg 1280w "sizes =" (max-width: 1024px) 100vw, 1024px
Ethereum price chart 04/20/2021 | TradingView

Ethereum like Bitcoin has encountered difficulties these days, but not as many as BTC because it has managed to hold $ 2,150, which was strongly established as its main support.

Although all day Monday the bears held the ETH below this price, the bulls took control at the beginning of this Tuesday and have managed to take it to that level.

Bulls will seek to bring Ethereum between $ 2,200-2,300. The bears, for their part, feel confident and want to bring ETH between $ 2,000-1,890.

Classes and trading signals FREE!

If you want to learn to trade and trade as an expert in the process, we invite you to our VIP group where we offer classes and totally free trading signals.

To join you just have to follow a few simple steps:

  1. Sign up for StormGain with this link. With it you can get a bonus of 25 USDT tradable, with the first deposit of $ 110, by placing the code BONUS25 during registration.
  2. Send your account ID to the telegram of @MendozasWork. The ID is a number starting with 38xxx.
  3. Deposit $ 110 into your StormGain account and submit proof of your deposit to MendozasWork.
  4. Receive the income to our VIP group and start generating income with our free signals.

One of the advantages of our VIP group, in addition to the classes and free trading signals, is that you will have registered with Stormgain, an exchange where you can profit from each movement, rise or fall, of Bitcoin, Ethereum, XRP, Litecoin , Dash, Zcash, Monero and many other cryptocurrencies.

And this is a leveraged exchange that is revolutionizing the world of cryptocurrencies, due to its high level of leverage, ease of use and its innovative system for mining BTC in the cloud. In addition to being the official partner of the Newcastle team in the Premier League.

The best thing is that StormGain is offering 25 USDT to its new users.

This exchange has become a favorite of traders in recent years, thanks to its friendly interface, which makes trading with leverage (up to x200) very easy, even for the most novice traders.

Remember, if you follow all the steps you can enter our platform SignalsCryptocurrencies, which has already been generating great profits for its users.

They just need to follow the steps above and submit proof of deposit, along with your StormGain username, to the telegram of @MendozasWork or to that of @ rolandogarcia210989.

Promotional code: BONUS25

For more information head over to the StormGain Telegram group: https://t.me/StormgainLATAM

Analysis by analyst César Quintero for Cryptocurrency



Leave A Reply

Your email address will not be published.

3 × one =