Current Market Cap: $420.47B(+$6.83B in one day) Bitcoin Dominance: 37.5%(-0.4%)
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Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.
Bollinger Bands show we are slightly below the moving average of $9,250. High ranges around $9,350 and the low range is at $9,150.
Stochastic RSI indicates oversold conditions (16).
MACD shows we are above the Zero Line and the histogram is increasing on the downside. Watch for a crossover and fall below that ZL.
Price Targets:
Entry $8,350- $9,150
Exit $9,450- $9,950
Bitcoin has shown its strength over the past day defending that $9K price mark again. Will we be able to hold above over the next week and attempt $10K?
With the majority believing that the market has already bottomed out we should see a nice boost in morale over the coming months. HODLers are still HODLing while new investors pile in with newfound FOMO. Soon we will see $500B market cap again which should signal a shift in market sentiment and pave the path to that magical $1,000,000,000,000 number. Get in now while you still can!
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-4-26-2018
Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
Don't Worry:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-finally-here
Fantastic Documentary About Relevant STUFF! (MUST WATCH!!!)
https://steemit.com/cryptocurrency/@avii/mind-over-money-documentary
Like Bitcoin But Want To Avoid The Fees?
https://steemit.com/bitcoin/@hotsauceislethal/save-money-when-sending-crypto
Pay No Transaction Fee From Coinbase!!!
https://steemit.com/bitcoin/@hotsauceislethal/no-transaction-fee-bitcoin-trick-using-coinbase
Need A Good Laugh?
https://steemit.com/bitcoin/@hotsauceislethal/what-kind-of-crypto-trader-are-you
Keep A Strong Hand!
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-increasing-dominance-and-shrinking-market-cap
*Never invest more than you are willing to lose and always do your own research before making any investment decisions. I am NOT a financial advisor and this is NOT financial advice- this material is intended for entertainment and informational purposes only. Hit "CTRL + or CTRL -" to change size of chart.
(All pictures are free domain images created by myself with the help of Coinigy.com.)
