Bitcoin Price Mini T.A. 5/9/2018
Current Market Cap: $435.67B(-$0.54B in one day) Bitcoin Dominance: 36.4%(+0.3%)
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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 above the moving average which is around $9,150. High ranges around $9,340 and low ranges at $8,970.
Stochastic RSI indicates we are overbought (93).
MACD shows that we just crossed over the Zero Line and the histogram is slowly tapering. With increased volumes this could be a very bullish sign. Watch for both moving averages to sustain above that ZL.
Price Targets:
Entry $8,600- $9,150
Exit $9,450- $9,995
Today there was a nice re-test of the $9K support level and buyers seemed to love the sale prices this morning. Bitcoin quickly rebounded to defend that $9,300 zone and looks to be gaining a little bit of momentum. We will need to see a much higher pump in buy volumes to continue the price climb through tomorrow.
THE FUD IS RAMPANT OUT THERE THESE DAYS!
Leave a comment down below and let me know what you think about the latest developments in the Bitcoin world :-D
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-5-8-2018
Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
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https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-finally-here
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https://steemit.com/cryptocurrency/@avii/mind-over-money-documentary
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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 just heard about bitcoin paper notes going to be made by Fintech. Now people really going to start losing bitcoins in the couch! Lol
They have had paper wallets for Bitcoin since the beginning so people have been losing their paper wallets for years!
I remember I once commented that we will remain in the 9k region for some time. It seems to me that both buyers and sellers consciously playing around this price.
There is definitely some market manipulation going on! There was a huge dump just now at 10am where the price went from $9,360 down to $9,100 in about half an hour.
i Think bitcoin in future currency in whole world. bitcoin development is really positive i think.........
That is like saying "Vinyl records are going to be the next big thing." - Remember that Bitcoin is just a proof-of-concept for blockchain. Eventually it will be overtaken and cast aside as a relic of the past :P Or so they say... People still use vinyl records to this day and will pay a lot for them.