Hello fellow #steemians
Today I will give you my analysis on #bitcoin and what to expect regarding price movement.
6 months ago I posted this point of view and not many thing happened since
https://steemit.com/hive-119463/@mycryptostalker/btc-gold-usd-start-of-the-month-and-hard-economic-news
There was a bullish #dollar, then a #dovish approach by the #FED at the end of the year and as always the beginning of the year is #harsh.
And now we are almost at the high of the range marked on my last post, with a rejection on the same exact zone $25K USD.
https://www.tradingview.com/x/qlkmoar8/
On our monthly chart we can appreciate a bullish January, a doji February and ... lets see how March evolves.
https://www.tradingview.com/x/96QbvuVo/
We are now at the same point where February started (that's why it ended a Doji).
https://www.tradingview.com/x/V7OU6wer/
Points of interest:
Top range $25,200 USD
Low range $21,400 USD
https://www.tradingview.com/x/YSzivRH2/
If we break $22,600 we probably will visit the low range, and if we break $23,700 we will visit again the range highs.
There is no much more to say, will give an update further on the week to see how March starts and be careful with economic news.
THIS IS NOT FINANCIAL ADVISE, DO YOUR OWN RESEARCH AND NEVER OVER LEVERAGE OR TRADE MONEY THAT YOU CAN'T AFFORD TO LOOSE. BE SAFE AND ALWAYS USE STOP LOSS.
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