February BTC candlestick: monthly analysis
In my previous post I've mentioned the February BTC candlestick closing (the red arrow near it) for a reason.
This figure shows the possible trend reversal, i.e. going down. I can not say that it is 100%, but the fall may be ~20k, there is already liquidity there and from this level it is possible to get longs locally (blue line).
Another scenario: we have two highs, which act as a level (purple line). We break through it, get a foothold, then go to 30k.
Now it is worth to be as accurate as possible in the market, because it is still unclear how we will move.
