Btc update
It is September 22nd, 2018
BTC dominance is currently at 52.5% (-0.7%). The total market cap is currently at $222.6 billion (+ $9.3 billion). The market volume of the last 24h was $24 billion (+ $9.0 billion).
Fundamental analysis
Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum
Bitcoin ‘Seller Fatigue’ Means Market Has Bottomed, Michael Novogratz Tells Yahoo
U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress
https://www.ccn.com/u-s-lawmaker-introduces-3-pro-cryptocurrency-bills-to-congress/
Technical analysis
Daily time frame : https://www.tradingview.com/x/PqzpFMEs/
We got what we waited for! The close above all dinamic resistances (EMA 13, 21, 50 and mid bollinger band). MACD turned bullish, RSI is going up and it is time to wait for pullback on lower time frames for long entry! After thjis breakout it is at least expected to test local high that was reached yesterday!
H4 time frame : https://www.tradingview.com/x/1PtIjCM9/
These are 2 areas we are going to look for long entries! The higher area could be just short-term support that can gives us chance for scalping! The lower area is the area we are going to look for swing long entries! If we get shadow on that area, without close above, with bullish patterns on m15 and h1, we are going to open swing long with target at least at yesterdays high!
In case of closing below this area, then we are going to recheck our analysis and see if we have short triggers but I would avoid shorting without some FUD! Currently the market is very positive so it doesnt make any sense to look for swing short! Short could be considered only as a scalp until we reach area around 6900-7100 where we may get some swing short triggers!
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To your success, CS Team!
hello sagertalekar you have posted nice information