Bitcoin Price Mini T.A. 1/13/2019

in #bitcoin5 years ago

Current Market Cap: $117.13B(-$6.25B in two days) Bitcoin Dominance: 53%(+0.6%)

BTCprice01132019.jpg

*

Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.

Bollinger Bands show we are below the moving average ($3,570). High ranges at $3,680 and low ranges at $3,465.

Stochastic RSI indicates normal conditions (34).

MACD shows we are below the Zero Line and the histogram is negative and tapering up.

BTCbuysellzones01132019.jpg

Price Targets:

Entry $3,100- $3,525

Exit $3,600- $4,100

Another scary shake up has the market shedding dollars again this week. A breakdown of the $3,600 support levels has the market looking to drop even further over the coming days.

It is not outside the realm of possibility for BTC to see low $3K levels again as Bitmain slowly withers away in this bear market. With their virtual monopoly on Bitcoin mining rigs and the mining pools themselves they are the biggest player by far.

What will the next few months bring for the crypto markets? Uncertainty is in the air but the future is still bright!

Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-1-11-2019

Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out

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

My Latest Series:
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-1-when-to-buy
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-2-when-to-sell

*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.)

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