Short Term Bearish / Mid Term Long.
BTC's attempted recovery from the swing low of 2/23 from the high of 2/21 was rejected at the 0.5 level on the Fibb on 2/25.
Now the daily is trading below the 20 MA. Strong possibility BTC trades down to the 50 MA before continuing the bull run. March is notoriously down month for BTC.
Anyhow I think crypto acceptance is here. I don't think March will begin the bear market, but I do think it's a perfect excuse for cheaper prices.
Now the daily is trading below the 20 MA. Strong possibility BTC trades down to the 50 MA before continuing the bull run. March is notoriously down month for BTC.
Anyhow I think crypto acceptance is here. I don't think March will begin the bear market, but I do think it's a perfect excuse for cheaper prices.
Penafian
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