Bitcoin Price Mini T.A. 1/10/2019
Current Market Cap: $138.66B(+$0.88B in two days) Bitcoin Dominance: 51.2%(-0.6%)
*
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.
Bollinger Bands show we are slightly above the moving average ($4,010). High ranges at $4,035 and low ranges at $3,990.
Stochastic RSI indicates overbought conditions (86).
MACD shows we are above the Zero Line and the histogram is sluggish.
Price Targets:
Entry $3,600- $4,000
Exit $4,080- $4,400
Tightened trading ranges have created relative stability over the past couple of days. The price did test the $4,100 resistance zone but quickly dropped back to re-test support at $3,960.
The market cap has been slowly creeping up past that $130B level we seemed to be pegged to for so long. A recovery above $200B might spark more interest from retail investors who have been pushed out by the year long bear market.
True believers like ourselves are still here slowly accumulating and holding on.
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-1-8-2019
Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
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
My Latest Series:
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-1-when-to-buy
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-2-when-to-sell
*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 start to enjoy your analysis and implement it live because I learn slowly swing trade. :)
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