Bitcoin Price Mini T.A. 5/7/2018

in #bitcoin6 years ago (edited)

Current Market Cap: $433.44B(-$18.86B in one day) Bitcoin Dominance: 36.7%(+0.7%)

BTCprice05072018.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 right now which is near $9,360. High ranges around $9,560 and low ranges at $9,160.

Stochastic RSI indicates overbought conditions (87).

MACD shows we are below the Zero Line, histogram is positive and the moving averages have just crossed over. Watch for a rise past the ZL and an increase on the histogram which would mean a price reversal.

BTCbuysellzones05072018.jpg

Price Targets:

Entry $8,600- $9,150

Exit $9,450- $9,950

Another day of small corrections across the board. We saw the market take a nice little dip of around $20B but we are still holding strong above that $430B mark where we were stable last week. The support zones in the low $9K zone were finally tested and buyers seemed to be quite interested.

Now the prior support is becoming the new resistance. Can we break past that critical $9,450 range to attempt $10K by the middle of the week?

Post a comment down below and then let me know what your price prediction for BTC is. By my next post the person who is closest will win a prize (must upvote, re-steem and comment to win).

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*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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Theta is so angry. lol

I saw that it pumped to 22 cents yesterday and I got a little excited but I'm going to wait and see what its full potential is because the mainnet should be launched by this fall :-D My goal is to sell above $1 and hopefully it will hit SEVERAL dollars if they deliver on their promises.

oh yes mainnet, hopefully move like EOS. Yes i will keep HODLing my Theta

I just feel BTC will remain in this 9k region throughout this week. It will be accompanied by little dips and corrections.

"let me know what your price prediction for BTC is. By my next post the person who is closest will win a prize"
I need an exact number for the contest!

This post has received a 2.89 % upvote from @boomerang.

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