Current Market Cap: $346.33B(+$25.17B in 8 days) Bitcoin Dominance: 38%(-1.2%)

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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 right around the moving average which is $7,700. High ranges at $7,730 and low ranges at $7,670.

Stochastic RSI indicates slightly oversold conditions (23).

MACD shows that we are above the Zero Line but the histogram is negative. We need to avoid a crossover at the ZL to sustain price support.

Price Targets:

Entry $7,150- $7,650

Exit $7,750- $8,000

Over the past week we have seen a lot of sideways trading, but the charts still look very manipulated to me.

Large traders are taking advantage of low liquidity on exchanges to create these very choppy "Bart Simpson" candles, where prices jump or fall several hundred dollars at a time.

This just shows we are still very early in the adoption phase and this could be a fantastic accumulation period. What do you think about all of this sideways trading? Will BTC be able to break out this summer or will we be have to wait?

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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-increasing-dominance-and-shrinking-market-cap

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*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.)