Waiting on the Big Dog Bitcoin: A market analysis

Bitcoin



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.

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