Bitcoin Price Mini T.A. 4/10/2018
Current Market Cap: $264.41B(+$5.54B in one day) Bitcoin Dominance: 44%(-0.3%)
*
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastics and MACD.
Bollinger Bands show we are above the moving average which is around $6,770.
Stochastics indicate overbought conditions (84).
MACD shows we are below the Zero Line but looking to make a crossover. If unable to break above, expect a nice drop back down.
Price Targets:
Entry $6,450- $6,750
Exit $6,950- $7,450
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-4-9-2018
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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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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 from snappygoat.com or created by myself.)
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Oh! I missed this post yesterday. I can see bitcoin is slowly on the rise and those who got in at 6,750 like you stated, should be watching to book max profit once there is sign of a reverse trend. Thanks for sharing your analysis as always, mate.