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#DeepCreationCamp
March is lining up to be very volatile.
And I think it will be for the bulls.
Upcoming early March we have:
- Clarity Act deadline
- Iran conflict resolution one way or another
- Higher ISM print
- New lunar cycle
I am currently in a long trade from these levels $65,500 with very tight stops.
I think there is a high chance we will be leaving this range early March, and the below levels on the chart are key to watch for.
I could totally see an escalation in Iran conflict that dumps us to $61,000, or even sweep the lows, that then marks the bottom as ISM prints.
The last time Iran escalated it marked the bottom, whilst everyone is so scared of it.
Either way, March is skewing to the upside and things are continuing to expand.
So far this is a very solid bottoming structure and at very worst, I am expecting a wick down to the 200EMA at $58k.
Bitcoin is going to be pulled higher by the rising tide of an expanding economy.