Monthly Chartbook - Crypto Purgatory [March 2022]

The Monthly Chartbook is a collection of interesting charts and trends we’re watching across crypto.

Q1 was a volatile one for global markets, and crypto was no different.
After a strong close to Q1, BTC has sputtered back to the middle of its extensive multi-month trading range. Generally speaking, we know from prior studies that the midpoint of a price range is the least favorable place to take trades in terms of the risk vs. reward tradeoff.
After failing to reclaim the midpoint of the weekly market structure, BTC finds itself retesting the high volume node boundary located around $42-$44K. Bulls will likely want to see these higher timeframe levels defended successfully if a short to mid-term trend reversal is to take pla