Monthly Chartbook - Crypto Purgatory [March 2022]

APR 07, 2022 • 22 Min Read

Jason Pagoulatos + 6 others

DISCLOSURE: DELPHI VENTURES AND MEMBERS OF OUR TEAM HAVE INVESTED AND MAY HOLD POSITIONS IN TOKENS MENTIONED IN THIS REPORT INCLUDING, BUT NOT LIMITED TO BTC, ETH, LUNA, SOL, AVAX, NEAR, ASTRO, FXS, CRV, CVX, LOOKS, SYN, JEWEL, RAIDER, CRA, RBW, MPL, GMX, UST. THESE STATEMENTS ARE INTENDED TO DISCLOSE ANY CONFLICT OF INTEREST AND SHOULD NOT BE MISCONSTRUED AS A RECOMMENDATION TO PURCHASE ANY TOKEN. THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND YOU SHOULD NOT MAKE DECISIONS BASED SOLELY ON IT. THIS IS NOT INVESTMENT ADVICE.

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

Bitcoin Market Trends
  • 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 revers

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Jason Pagoulatos + 6 others