empty
18.02.2025 01:56 PM
Trading tips on crypto market on February 18 (North American session)

Bitcoin demonstrated a fairly strong move on the breakout of the $95,600 level, which I mentioned in my morning forecast, leading to a decline toward the $95,000 area. However, we fell short of the target level. A sell setup was also triggered on Ethereum, but the expected major drop did not occur. After the price returned above the $2,669 level, I exited the market.

This image is no longer relevant

While the cryptocurrency market attempts to find direction—albeit leaning more towards a bearish scenario—traders are increasingly bracing for a drop in Solana (SOL). Investor sentiment has sharply deteriorated due to the minting of a large number of memecoins on the Solana network.

According to data from Coinalyze, the long-to-short ratio for SOL on crypto futures exchanges has dropped from 4 to 2.5, indicating a shift toward a bearish trend. Additionally, the ratio of short to long positions has risen to 4:1 on several major global cryptocurrency exchanges, reflecting a predominance of bearish sentiment. Currently, SOL has already lost over 6% in a single day and remains under selling pressure.

One of the key drivers of this sharp bearish sentiment was the collapse of the LIBRA token, which lost its market capitalization of $4.4 billion within just a few hours.

However, it is important to note that the cryptocurrency market has faced similar situations many times before. Historically, after the pressure and investor panic subside, the market has always returned to growth.

Intraday crypto market strategy

Moving forward, I will continue to rely on major dips in Bitcoin and Ethereum, anticipating the continuation of a bullish market trend in the medium term, which remains intact.

The short-term trading strategy and conditions are detailed below.

This image is no longer relevant

Bitcoin

Buy scenarios

Scenario #1: I will buy Bitcoin today upon reaching the entry point around $96,000, targeting a rise to $97,200. I plan to exit purchases and sell immediately on a bounce at $97,200. Before entering on a breakout, I must ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: An alternative buy opportunity is from the lower border of $95,500, provided there is no market reaction to a breakdown. The targets for the rebound will be $96,000 and $97,200.

Sell scenarios

This image is no longer relevant

Scenario #1: I will sell Bitcoin today upon reaching the entry point around $95,500, aiming for a drop to $94,400. I plan to exit short positions and buy immediately on a bounce at $94,400. Before entering on a breakout, I must ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Another selling option is from the upper border of $96,000, provided there is no market reaction to a breakout. The targets for the downward move will be $95,500 and $94,400.

Ethereum

This image is no longer relevant

Buy scenarios

Scenario #1: I will buy Ethereum today upon reaching the entry point around $2,712, targeting a rise to $2,792. I plan to exit buy positions and sell immediately on a bounce at $2,792. Before entering on a breakout, I must ensure that the 50-day moving average is below the current price and the Awesome Oscillator is above zero.

Scenario #2: An alternative buy opportunity is from the lower border of $2,676, provided there is no market reaction to a breakdown. The targets for the rebound will be $2,712 and $2,792.

This image is no longer relevant

Sell scenarios

Scenario #1: I will sell Ethereum today upon reaching the entry point around $2,676, aiming for a drop to $2,603. I plan to exit short positions and buy immediately on a bounce at $2,603. Before entering on a breakout, I must ensure that the 50-day moving average is above the current price and the Awesome Oscillator is below zero.

Scenario #2: Another selling option is from the upper border of $2,712, provided there is no market reaction to a breakout. The targets for the downward move will be $2,676 and $2,603.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2025
Bitcoin
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Pressure Returns to Bitcoin and Ethereum

Following Trump's speech at the crypto summit yesterday, pressure on Bitcoin and Ethereum has returned. Another factor contributing to this was a renewed sell-off in risk assets on the U.S

Jakub Novak 10:22 2025-03-21 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 21

Bitcoin and Ethereum once again struggled to overcome key resistance levels, preventing a short-term upward trend in these assets. Their inability to even hold near weekly highs also points

Miroslaw Bawulski 08:16 2025-03-21 UTC+2

Technical Analysis of Intraday Price Movement of Bitcoin Cryptocurrency, Friday March 21, 2025.

With the appearance of Divergence between Bitcoin price movements with the Stochastic Oscillator indicator and the Bullish 123 pattern followed by the Bullish Ross Hook (RH)), in the near future

Arief Makmur 06:18 2025-03-21 UTC+2

Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday March 21, 2025.

If we look at the 4-hour chart of the Ripple cryptocurrency, there appears to be a Divergence between the Ripple price movement and the Stochastic Oscillator indicator and the appearance

Arief Makmur 06:18 2025-03-21 UTC+2

Bitcoin aims to hit $90,000

Following yesterday's Federal Reserve meeting, where the central bank ran out of strong arguments to keep interest rates high, Bitcoin and Ethereum have resumed their bullish movement. Despite the Fed's

Jakub Novak 09:32 2025-03-20 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 20

Bitcoin and Ethereum have experienced a rebound following yesterday's Federal Reserve meeting, which indicated that interest rates may need to be lowered. Regardless of how long the Fed intends

Miroslaw Bawulski 08:22 2025-03-20 UTC+2

Bitcoin Targets $85,000

Interest in Bitcoin remains strong, as any normal downward movement is quickly bought up by large players. The fact that U.S. spot Bitcoin ETFs have resumed recording net inflows also

Jakub Novak 10:49 2025-03-19 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 19

Bitcoin and Ethereum faced challenges again after a recent sell-off on the U.S. stock market, but buyers and major players once again showed their strength, purchasing all downward movements

Miroslaw Bawulski 09:01 2025-03-19 UTC+2

BTC/USD Analysis – March 18th: Bitcoin Prepares for Growth, but the Risk of Collapse Remains

The 4-hour wave structure for BTC/USD appears clear and well-defined. After completing a five-wave bullish trend, a bearish phase began, which currently resembles a corrective pattern. Based on this

Chin Zhao 09:47 2025-03-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on March 18

Bitcoin and Ethereum buyers attempted to achieve more significant growth, and for a moment, the bullish market might gain hope for a return. However, they could not hold the achieved

Miroslaw Bawulski 08:00 2025-03-18 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.