Last week, BTC made a low at 9718, 102 pts. below key planetary support at 9970 - 9820, and made a high at 10499, 79 pts. above key planetary resistance at the 10200 - 10420 weekly level. A bullish reversal occurred on Tuesday's key day. The high completed on Thursday's next key day. A turn lower began on Saturday. Another break out lower occurred on Sunday's important key day.
The trend is up in the monthly time frame. The trend is up in the weekly time frame. The trend began to turn down in the daily time frame.
The beginning of a correction may now be underway since the high completed on Thursday's key day last week at the test at the 10200 - 10420 weekly level.
Key weekly planetary resistance is now at 10070 - 10170 to hold for the bias to remain lower. A break of this important is needed to change this outlook. Key weekly planetary support is now at 9720 - 9620. A break of 9620 is a new sell signal for a continuation to lower planetary levels.
The strongest planetary resistance levels for the week are likely to be at or within 100 pts. of the following levels: 10070 - 10170*, 10460 - 10610, 10970 - 11130.
The strongest planetary support levels for the week are likely to be at or within 100 pts. of the following levels: 9720 - 9620*, 9270 - 9170, 8820 - 8720, 8380 - 8280.
(The * symbol next to the key weekly levels indicates a break of these weekly levels are buy or sell signals to the next planetary resistance or support levels and targets during the week).
(These support numbers become resistance and resistance numbers become support if broken.)
This week's astrological aspects and events affecting BTC are as follows:
On Sunday, Mars entered Capricorn at 06:33AM and Mercury turns stationary retrograde at 07:54PM, eastern. On Tuesday, the Sun enters Pisces at 11:57PM, eastern. On Wednesday, retrograde Mercury is semi-square Saturn at 06:30PM, eastern. On Thursday, Jupiter is sextile Neptune at 10:56AM, eastern. On Friday, Mars trines Uranus at 04:10AM, eastern. On Saturday, 02/22, the Sun sextiles Uranus at 09:13AM, eastern. On Sunday, 02/23, the New Moon is at 10:32AM and Venus squares Jupiter at 11:59AM, eastern.
Key Reversal Days or Turning Points: Wednesday; Friday*; Sunday, 02/23.
The (*) dates are likely to be the most important turn dates for BTC.
The strongest trade setups occur for reversals when price is at one of the weekly planetary support or resistance levels at one of the key days or periods of the week.
I will update during the week as needed if important changes unfold or if any of the highest or lowest weekly levels are exceeded.
Good trading to you!
Best regards,
Crypto Harvest Analysis