In February, trading in the BTCUSDT pair started at around $42,000. This value is approximately in the middle of the trading corridor with critical limits of $39000-39500 and $44250-44750
If you look at the left corner of the chart, you will see a table that shows that statistically, February is "green" for the BTC price Only February 2020 "subtly hinted" at how tough March 2020 will be. Those who survived this period with their deposits definitely got goosebumps at the mere mention of it...) And yet, it was exactly 4 years ago, before the previous "BTC halving"
We have depicted the approximate possible movement of the BTCUSDT price for February on the chart. Particular attention and important trading decisions will need to be made when the Bitcoin price is near the critical limits of $39000-39500 and $44250-44750
What is your bet? Will February be green or red? Where will the BTCUSD price go to 52000 or 32000? Write everything in the comments!
Comment
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Here is the chart of BTC.D It indicates that this indicator has a fairly high chance of falling. If BTC.D goes down and the price of BTC goes down, the altcoins shouldn't fall too much, some may stay put, and the strongest ones may shoot up.
Comment
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The current weekly candlestick will set the direction of the BTCUSDT price movement for February. Growth is currently uncertain
Trade active
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Today it will become clear whether BTC buyers will be able to gain a foothold above $44750 or not. And, accordingly, which route to take next.
Comment
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With the start of a new trading week, will the BTC price continue to grow or will it be the beginning of a protracted correction What do you think? Write in the comments
Trade closed: target reached
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February did not change its traditions and turned out to be a "green" month on the crypto market. The main thing is to take the "profit from the table" in time.
What's wrong with the red scenario🤔that you also drew the blue scenario?😉
P_S_trade
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@cosmoshah, The blue scenario can start at a critical point where buyers can abruptly seize the initiative
Cosmosshah
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@P_S_trade Yes, you are right, this can also happen, but I still believe that the red scenario is more logical and more likely than the blue scenario, and the chance of red happening is much higher than blue.