Should Beijing look at its crypto ban? A former bank member believes so
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
March 4th – Bitcoin Market Update by WolfpackCrypto on TradingView.com
Highlights and key takeaways from the video:
Chart 1:
Trading Indicator: Ichimoku Cloud
Time Frame: Daily
Resistance: $3,921
Supports: $3,710 to $3,480
Trade Setup: Currently none until Bitcoin breaks above resistances or below supports in more interesting price areas.
Chart 2:
Trading Indicator: Fibonacci Moving Averages (EMA 5,8,13,21)
Time Frame: Daily
Resistance: 61.8% at $3,930
Supports: 31.8% at $3,625 to $3,400 (200 Week Moving Average)
Trade Setup: Currently none until Bitcoin breaks above resistances or below supports in more interesting price areas.