Price Analysis March 2022 – Bitcoin/BTC

BTC/USD: Analysis

No clear trend yet for Bitcoin. Lets see if it will reverse or go deeper. When a clear trend is defined we will go deeper into the Daily timeframe, for now we’ll stick to the Monthly and Weekly.

From Tradingview

The first time I think I say BTC up for the month but it keeps testing that same low zone which could break before starting the long awaited reversal…

from finviz

Investing.com Monthly : BUY

Action plays?

1. You can wait for a confirmation of a green monthly candle.
2. Investing: Could be the lower part of a support zone, IF that is the case you could perfectly start DCA in.
3. Trading:  Take into consideration that a 30% really for the month already occurred… You could buy now a small portion of your portfolio and add a stop loss with the maximum $$$ you are willing to loose… Only if you think it will pop up…

If you are interested on how to calculate this entry based on your portfolio or risk-appetite, let me know in the comments..

What are your thoughts about BTC’s short & long-term trend? Will Bitcoin go lower or is it ready to bounce…?