Bitcoin updates

in #btc2 years ago

It is September 14th, 2018

BTC dominance is currently at 57.0% (-0.8%). The total market cap is currently at $194.3 billion (+ $6.6 billion). The market volume of the last 24h was $11.7 billion (- $0.1 billion)

Fundamental analysis

Uber’s Largest Shareholder to Launch Cross-Carrier Mobile Payments Service Based on Blockchain and RCS

https://cointelegraph.com/news/ubers-largest-shareholder-to-launch-cross-carrier-mobile-payments-service-based-on-blockchain-and-rcs

Binance Partners With Malta to Launch Security Token Trading Platform

https://www.coindesk.com/binance-partners-with-malta-to-launch-security-token-trading-platform/

Technical analysis

D1 time frame : https://www.tradingview.com/x/YnC0pj58/

Bitcoin is testing EMA 8. As long as Bitcoin is below EMA 8 and 13 it is very bearish. It is bouncing off the support but it needs much more buyers in order to continue with its uptrend!

Long/Short ratio is at 50/50 so it doesnt help us too much this time!

H4 time frame : https://www.tradingview.com/x/qTAz0Dgt/

Bitcoin is going to touch our potential short entry area! We are going to watch for some triggers in this area! We were talking for few days about this area and as it was reached it is time to look for bearish sign!

Once we get the confirmation, we are going to share exact entry, stop loss and target points with you! Stay tuned!

*Post credit goes to cs telegram group

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it is very informative, the time is to come in near future when the market will go to moon

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