Bitcoin Price Mini T.A. 4/26/2018
Current Market Cap: $413.64B(+$17.88B in one day) Bitcoin Dominance: 37.9%(-0.7%)
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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 which is around $8,975. High ranges are around $9,350 and low ranges at $8,600.
Stochastic RSI indicate we are overbought (82).
MACD shows we are above the Zero Line and the histogram is tapering down. Watch for a drop in volumes and a crossover at the ZL.
Price Targets:
Entry $8,150- $8,850
Exit $9,250- $9,850
Bitcoin has shown more strength and resilience this week as more good news has been released to the press. Nasdaq is rumored to be opening a crypto exchange sometime in the (distant) future which could signal the true beginning to mass adoption. Keep your fingers crossed, they also said they would be doing Bitcoin futures trading in 2018, but we will have to see.
Overall the outlook for Bitcoin is rather bullish again. The majority of investors have agreed that we may in fact have bottomed out already. I would still be very cautious since we all know what Bitcoin is capable of!
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-4-25-2018
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
Like Bitcoin But Want To Avoid The Fees?
https://steemit.com/bitcoin/@hotsauceislethal/save-money-when-sending-crypto
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https://steemit.com/bitcoin/@hotsauceislethal/no-transaction-fee-bitcoin-trick-using-coinbase
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
*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 think the era of BTC being below $9k has ended. BTC dominance has increased from 33% to 37%. I think the pull back we had was because of those who wanted to book their profits and enter again but the entry point is now higher compared to the $7k to $8k entry point that most people used. We might be matching forward, have slight pull back and continue matching forward. I feel $10k is around the corner.
Don't forget that the networking effect is a big part of the cryptocurrency community. Friends of crypto investors are trying to get in and the time is now. There is going to be another massive hype cycle and nobody wants to miss out on it again.
Agree!
Let's go to 9850...
With the amazing news that has been coming out this week I'm surprised we haven't already tested $10K!
Well your post show BTC will go up as i hope it is :)
BTC will always go up. Thanks for stopping by!