Bitcoin Price Mini T.A. 1/2/2019
Current Market Cap: $133.80B (+$6.03B in one day) Bitcoin Dominance: 51%(-0.5%)
*
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 ($3,825). High ranges at $3,885 and low ranges at $3,765.
Stochastic RSI indicates we are extremely overbought (100).
MACD shows we are above the Zero Line with a sluggish histogram. Volumes need to resume to push past this last resistance at the $3,900 level.
Price Targets:
Entry $3,150- $3,800
Exit $3,900- $4,600
A little bit of money has surged into this space over the past 24 hours and ETH saw a nice pump rather unexpectedly.
Bitcoin lost half a percent of market dominance which indicates that money is also flowing back into the alt-coin markets.
Any gains are a relief in this crypto winter however as the sellers seem to be exhausted after the Holiday season has come to an end. I suspect that the current state of the declining international markets will have an inverse effect on Bitcoin price going forward in Q1.
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-1-1-2019
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.)
That start to go to the right place
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