Current Market Cap: $298.44B(+$15.01B in 3 days) Bitcoin Dominance: 47.2%(+2.2%)

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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 above the moving average which is around $8,070. High ranges at $8,425 and low ranges at $7,710.

Stochastic RSI indicates oversold conditions (16).

MACD shows we are high above the Zero Line and the Moving Averages are about to converge. Histogram has just flipped negative so watch for a possible drop further if large sell orders start piling in.

Price Targets:

Entry $7,000- $8,100

Exit $8,350- $9,100

The FOMO is alive and real this week as retail investors rush back into the crypto space. Veteran traders are saying the same thing across the board- they believe the market has already bottomed out and that we are ready to make some moves.

With the Bitcoin ETF still up in the air people have begun to accumulate BTC just in case. Once the big money starts to take notice then there will be no turning back.

We are still very early in the adoption phase as the majority of people are still in the dark about crypto. Once we start to really gain more momentum there will be a bandwagon effect and everybody will want a piece of the action.

Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-7-21-2018

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.)