Bitcoin Price Forecast 2/19/2018
"The price of your BTC matters on two days. One of them is the day you purchase it. You can guess the other. The days in between are largely inconsequential." - glitch
Current Market Cap: $500.70B ($6.34B in 1 day) Bitcoin Dominance: 37.6%(+0.5%)
Bitcoin has slowly been regaining it's dominance over the market with as the recovery continues. From a low of only 32.5% just a month ago there has been a slight shift from alt-coins back into BTC. As more companies and investment groups are beginning to take cryptocurrency seriously, governments have no other option but to partake in this digital revolution.
Bitcoin's embers are slowly being fanned by this regulation and worldwide recognition.
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastics and MACD.
Bollinger Bands show that we are above the moving average which is around $10,900.
Stochastics indicate that we are overbought.
MACD shows we are above the Zero Line and tapering down on the histogram.
Likely Scenarios:
- BTC attempts to break past the $11,300 and $12,000 resistance zones by tonight.
- BTC bounces between $10,500 and $11,500 for most of the day.
- A massive surge in volumes sends us past the resistance, establishing new support around $11,600-$11,800.
TLDR Version:
The bullish sentiment is slowly taking over the market again. There is mostly good news developing from the space with projects putting out updates, rebrands and software launches on a weekly basis now. Support is anchored around $10,300 with resistance at $11,300.
Price Target:
$ 11,650
Alt-Coins To Watch:
- XRP
- LTC
- NEO
- LSK
- WTC
- LINK
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-2-18-2018
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
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*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images created by myself.)
It matters to me when it goes up to tell the non believers that i was right. I always get negative messages when it's down from family members and friend chat group
Hey @djhan, show this video to the non-believers so that they will know why we still believe in Crypto
nice video, thanks. Every small dip someone will message me it's over you better sell now
LMFAO this is the most epic crypto video I've seen yet! Full upvote.
Omg you post good!! YOU THE BEST!! ;)
SPAM! :-D
Your just after my .01 upvote
you upvoted the spam, lol
It's my roommate haha.
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This info is very useful, thanks for putting such here
You got a 74.07% upvote from @mitsuko courtesy of @hotsauceislethal!
Ok, thank you. But the vote is worthless vote.
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