Chart
– BTC on the weekly timeframe . Weekly is not the strongest macro timeframe. Sometimes proves false signals.

Dragonfly / Gravestone Doji
– Highlighted in the green are the dragon fly doji’s (recent signal doesn’t close until Sunday)
– Highlighted in the red are the gravestone doji’s
– Arguably the strongest significant Japanese Candle Stick for trend reversals.
Link: https://www.fxdayjob.com/dragonfly-and-gravestone-doji

RSI:
– Decreasing RSI + Increase in Price = Hidden Bullish Divergence
– Increasing RSI + Decrease in Price = Hidden Bearish Divergence
– Note that in summer of 2021 we had the same confluence in the chart.

MacD:
– Classic bullish divergence on the weekly.
– Note that bigger timeframes (Monthly, 2 week) are bearish .

Moving Averages:
– 50 Day $47,000
– 200 Day $20,000

Analysis:
– This is a high-risk trade b/c of current events.
– Fed is set to have a meeting regarding equities in March. (Likely to be very negative)
– I predict a further continuation rally here. May not bring us to ATH but, a recovery rally.
– Most importantly, do your own research. Strive to be a better trader every day.