Rob's cryptomarket report 1st of March 2022 (en)

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1. Bitcoin analysis

2. EGLD analysis

3. LUNA analysis

4. The road to 1 mil Challenge results.

Please consider the information as educational and not investment advice. Cryptocurrency trading is very risky and if you do not do your own research, you will probably lose all your money.

The total crypto market cap is at 2.014 tril $ on the 1st of February 2022, around 250 bil $ higher than last week.

  1. Bitcoin analysis

Last week we talked about the possibility that BTC could make a breakout to the 46.000$ levels and could continue up to the 51.000$ area. Almost got it right, the move happened on the last day of February, yesterday. Major resistance is now at the 45.000$ area, and support at the 42.500$ area. If this weekly candle manages to close on green we have our targets at the 54-56.000$ area.

So, in my opinion the key points are as follows:

  • Bitcoin broke out and got support over the 43.000$ levels.

  • If we see a nice break over 44.500$, we're targeting the 46.500 - 47.000$ area

  • Next stop 50-51.000$

  • If we get rejected again we find support at the 42.500$ area

  • We need to see a green close on the weekly before turning extremely bullish

Im buying bitcoin on Binance.


EGLD is still trading in the 150$ range after losing the support at 158$. Price had a dip to the 130$ area and recovered quickly.

So, in my opinion the key points are as follows:

  • EGLD is consolidating under the 158$ levels

  • If we see a break over 158$ we are targeting the 170$ level

  • If we break down we find some support at the 123$,107$ levels.

  • Bottom at 35$


LUNA made the breakout estimated last week and reached the target at the 93 $ levels ( 96$ on Binance Futures )

  • LUNA reached the target estimated at the 93$ levels

  • A correction should follow

  • If we break down we find some support at the 79$,67$ levels.

  • Bottom at 26$

4. The road to 1 mil Challenge results.

We had a few bad trades this week mainly because o four disregard for our own analysis. Will do better in the future.

Traded mostly BTC, LUNA and EGLD.

I'm trading on Binance, here.

Disclaimer : the opinions presented in the following report are my own and DO NOT CONSTITUTE FINANCIAL ADVICE. Cryptocurrency trading is a very risky endeavour. You can and probably will lose your money if you do not do your own research.

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