Bitcoin Price Mini T.A. 5/8/2018
Current Market Cap: $436.21B(+$2.77B in one day) Bitcoin Dominance: 36.1%(-0.6%)
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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 just below the moving average which is near $9,260. High ranges around $9,500 and low ranges at $9,050.
Stochastic RSI indicates slightly overbought conditions (75).
MACD shows we are below the Zero Line but the moving averages have just crossed over and the histogram has turned positive. Watch for a full crossover at the ZL with both MAs.
Price Targets:
Entry $8,600- $9,150
Exit $9,400- $9,995
The market cap seems to be balancing quite nicely around the $430B mark over the past two weeks and seems to be setting up for a much larger move. This is the time for accumulation according to the charts- current price is negligible if you know the all-time highs will once again be tested in the future.
Dollar cost averaging has never been more important!
I have always had a core holding but I am slowly adding to my positions now that the market recovery seems to be in full swing. On the next bull run I want to be more prepared than ever :-D Happy trading!
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-5-7-2018
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.)
I think BTC will be the digital transformation all around the world, not today, but in the next future.
Well it's gotta start somewhere right? The networking effect may be slow right now but the acceleration is increasing as the world becoming more and more connected through digital devices. The biggest hurdle now is to get more institutional confidence in the market and we are just barely on the cusp of that happening. They will eventually start doing all forms of commerce in not just regular fiat but also in crypto.
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