Crypto update

in #btc2 years ago

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).

Fundamental analysis

Winklevoss Brothers Launch Fiat-Backed Stablecoin After New York Regulator’s Green Light

https://cointelegraph.com/news/winklevoss-brothers-launch-fiat-backed-stablecoin-after-new-york-regulators-green-light

72% of Cryptocurrency Investors Plan to Buy More this Year: Survey

https://www.ccn.com/72-of-cryptocurrency-investors-plan-to-buy-more-this-year-survey/

Citigroup is the Latest Bank to Offer Crypto Custody: Here’s How it Will Affect the Market

https://www.ccn.com/citigroup-is-the-latest-bank-to-offer-crypto-custody-heres-how-it-will-affect-the-market/

Technical analysis

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!

Coin Marketplace

STEEM 0.16
TRX 0.03
JST 0.035
BTC 10591.05
ETH 352.66
USDT 1.00
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