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Waiting on the Big Dog Bitcoin: A market analysis

In this, we explore how to understand what Bitcoin is doing while considering the market’s past and potential futures.

Written by Bobby Atkins Published on



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.

Start trading cryptocurrency with Coindirect.

Written by

14 years experience across UBS Asset Management, Principal Global Investors and Factset Research Systems. In 2017 I left the centralized system to become a full time crypto-currency trader, researcher and internet publisher.@wolfpackcrypto

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