Bitcoin Price Mini T.A. 9/19/2018
Current Market Cap: $200.1B(+$8.72B in 7 days) Bitcoin Dominance: 55.3%(-1.9%)
*
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 $6,330. High ranges at $6,440 and low ranges at $6,220.
Stochastic RSI indicates overbought conditions (92).
MACD shows we are above the Zero Line and the histogram has begun to taper down. With such intense volatility today there will need to be some serious buyer support to keep the price propped up.
Price Targets:
Entry $5,900- $6,350
Exit $6,500- $6,800
The past few weeks have seen mostly sideways trading with increasingly tighter ranges. This is the definition of market consolidation, after we saw the great BTC price crash of 2018 things have seemed to settled down quite a bit. We are actually right where we were about eleven months ago for Bitcoin prices, just before the massive rally at the end of last year.
I can feel the static in the air as the anticipation builds for blockchain technologies. Every major financial institution and government is looking into cryptocurrency and deciding how to utilize it to their advantage.
Rampant inflation and corruption in countries such as Venezuela, Argentina and now Iran only strengthen Bitcoin's use cases as a currency and store of value. Be prepared for a huge momentum shift back into crypto over the next 18 months or so as things will get worse before they get better for these failing economies.
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-9-12-2018
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.)
This post was upvoted for being original and creative!
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as fiat money falls, the money will run back into cryptos
Inflation will be the biggest problem over the coming years as governments print themselves into irreparable debts.
Which website you use to make those graphics.
Coinigy.com which utilizes Trading View charts. I also use Photoscape, a free open source program, to edit the graphics.
Uncomplicated article. I learned a lot of new things. I signed up and voted. I will be glad to mutual subscription))))
you look familiar
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