Current Market Cap: $256.15B(-$33.06B in 5 days) Bitcoin Dominance: 41.8%(+1.8%)

*

Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.

Bollinger Bands show we are right at the moving average ($6,210). High ranges at $6,330 and low ranges at $6,100.

Stochastic RSI indicates normal conditions, neither oversold nor overbought (56).

MACD shows that we are well above the Zero Line but the histogram has just flipped to negative. Expect the price to come down a bit more before buyer support steps back in again.

Price Targets:

Entry $5,250- $6,200

Exit $6,350- $7,200

This past week we saw some insane price action with BTC and the entire alt-coin market got slaughtered as a result. The total market cap shed round $50 Billion over 3 days this week and recovered only $20B of that since over the past day or so.

The fears of regulations, possible manipulation and fraud have all cast a dark shadow onto the crypto markets. We need to find the light at the end of the tunnel!

Long term the entire sphere will be expanding and we are ready like a coiled spring right now. Prices for many coins are where they were last fall before the big hype. There is a lot up in the air right now but we are certain that clarity will be coming soon.

Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-6-20-2018

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

Pay No Transaction Fee From Coinbase!!!
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

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.)