It is September 11th, 2018
BTC dominance is currently at 56.0% (+0.5%). The total market cap is currently at $196.2 billion (- $0.9 billion). The market cap of last 24h was $10.9 billion (- $0.4 billion).
BTC is currently in no trade zone! Bearish engulfing on weekly time frame is very strong bearish sign but currently there is no safe stop loss for both long and short positions! Our entry zone for short is still the same (top bollinger band H4 but only if we get trigger on H1).
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H4 chart : https://www.tradingview.com/x/DndpSne9
We have close above mid bollinger band H4 and now it is retesting broken resistance! If we establish support here, we can see test of top bollinger band H4 and that would be great area to look for short entry! Once we get short trigger, we are going to share with you! At the moment we are not in a position and just waiting for entry with good risk to reward ratio!