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Being long in the market while looking at Bitcoin today

In this, we check out what Bitcoin is doing while looking at what the markets have done in the past and what the future might hold.

Written by Bobby Atkins Published on



March 5th – Bitcoin Market Update by WolfpackCrypto on TradingView.com

Summary:
Resistance: 61.8% at $3,920
Support: 31.8% at 3,620
Stop Loss Price: $3,600
Trade Setup: If you’ve been following me I’m still long in the trade while the market establishes near-term support and resistance levels. If BTC breaks above the 618 Fibonacci resistance the trend will be bullish looking to retest $4,200-4,400. Likewise If I get stopped out at $3,600 I’ll be watching the market closely for new trade setups.

Cheers,
Bobby

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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