Headline: New Month, New Levels: What the February Open Means for Your Portfolio 📅
Welcome to February! The monthly candle has just opened, and for experienced traders, this is one of the most important moments of the month. It’s time to wipe the slate clean and look at the big picture.
The Serious Analysis (The Monthly Open): The "Monthly Open" acts as a magnet for price action. As of today, February 1st, $BTC and $ETH are establishing their new monthly baselines. Historically, if we stay above the monthly open, the bias remains bullish. However, watch out for the "Early Month Fake-out"—where the market moves one way only to reverse and head the other way for the rest of the month. Keep a close eye on the $88,500 level for Bitcoin; it’s our current pivot point.
The Learning Bit (For My Beginners): Why do we care about a new month? ☕ Think of it like a "Reset Button." Beginners often get lost in 5-minute charts, but the pros look at the Monthly Candle to see where the "Smart Money" is positioning. If the price is above the Monthly Open, we’re in the "Green Zone." If it’s below, we exercise caution. Simple, right? Start your month by marking this price on your chart!
My February Goal: I’m focusing on "Quality over Quantity" this month. I’d rather take 3 high-probability trades than 20 gambles.
What’s YOUR #1 goal for February? Are you looking to learn a new indicator, or are you aiming for a specific profit target? Share your goals below—let’s hold each other accountable! 👇
#MonthlyOpen #CryptoStrategy #Bitcoin #Ethereum #WriteToEarn