BITCOIN YEARLY AND PRIMARY CYCLES
A Bear market is the first half of 2022, can take it down to 37-39k, but that could be in February / March - double monthly low - decent counter-trend move upwards.
PREVIOUS REPORT)
We saw a move down at the start of 2022 into the January lows and then further selling.
The month of February confirmed support off the quarterly lows 37k and now rising.
Expectation that a move will take it to 47.5k, which is seen as resistance in February
A very good counter-trade will see price as high as 59k by the 1st week of March - confirmed by a weekly close above 47.5k, which then forms support.
That's not something that can happen, but if you are holding longs, it's good to take partial exits on the way up and hold into the end of the month.
If it can't crack 48k by then, then there could be a 2nd way of selling in March / April, as part of a larger trend down in 2022.
ETHEREUM YEARLY AND PRI MARY CYCLES
February rising in the monthly range, and it's good to see the 1st week of the month, pushing higher.
As long as it's above 3k, we have a March target of 4200.
If it stalls around 3.5k and the back half of the month starts to trade below 3k, especially from March. I'd be lightening up any long positions.
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