With the sharp daily engulfing reversal bar on the 24th Feb, bitcoin found support on its 61.8% retrace & 50/100 dmas, which were similar support structures within the crypto space. These past 2 days (purple dots), along with the sharp reversal off $~4000, are similar to the move in January, so will we see a similar gradual move lower throughout March? I personally don't think we will. The move and hold above the 100 & 50dma is significant. Alongside this, RSI has been holding above 50, the median line in this pitchfork formation has broken, and the long-term fractal (in related ideas) signals a move higher & the topping formation around $4k to be broken next week. I'm looking for a re-test of the 200 dma in late March/early April
38.2% level strong res