BITCOIN YEARLY AND PRIMARY CYCLES.
I really was hoping for 47.5k to be reached in February, especially once it reserved off the February bottom in the 3rd week of the month and then the expectation it would follow through in the 4th week going into this 1st week of March.
There still is a bias to rise upwards this week, but how high? 43k - 47k
Just be mindful that any selling in March will likely push lower in April, especially the dreaded 3rd week of the month
ETHEREUM YEARLY AND PRIMARY CYCLES
Quarterly support in Jan - March, but the price action in the Primary cycles, doesn't favour a last month up move in March.
If it did, it should have bounce off the February lows at 2427 and the 1st week should be moving higher from 2791. Instead it's trading below, as well as below the 2022 50% level (BEAR MARKET)
It's fine to be trading longs in the daily cycles, but stops need to be super tight, as a move down to 1020 towards the 2022 lows is a high probability.