Crypto Fundamental and Technical Analysis : 18/10/2108
It is October 18th, 2018 : Here is today's important Fundamental and Technical Details here:
BTC dominance is currently at 53.7% (-0.1%). The total market cap is currently at $211.2 (- $1.0 billion). The market volume of the last 24h was $12.3 (+ $0.2 billion).
Fundamental analysis
CME Report: BTC Futures Trading Keeps Growing in Q3, Average Daily Volume up 41% Over Q2
Untethered: The History of Stablecoin Tether and How It Has Lost Its $1 Peg
0x Surges 30% after Coinbase Listing, Which Crypto is Next?
https://www.ccn.com/0x-surges-30-after-coinbase-listing-which-crypto-is-next/
Technical analysis
Daily time frame :
Bitcoin is struggling to close above EMA 50, midbb and this horizontal green area. Currently, the pump that we saw 3 days ago is nothing but bull trap and if we do not see significant action, we may easily see start of the downtrend again to test magic 6k area one more time!
But considering both, top and bottom bollinger bands, we do not expect some major moves ($1000+). As we mentioned few times, we expect BTC to stay in this range for a while!
H4 time frame :
On H4, we do not have downward momentum so shorting now would be more emotional because of fear of mission out that trade! Top bollinger band is not tested yet so that test is possible. Considering that top bollinger band is $100 higher than current price, if you enter now, safe stop loss is too far!
So, trading with confirmation is much better idea here with 2 potential short are! Firstly, if we see close below midb H4, then we need to wait for retest and short there if we get trigger. For trigger you always look on m15.
Secondly, in case on topbb test, if we see close above, it is not suggested to go short but if we see just shadow, again we have short trading set up and it will be time to search for triggers on m15.
For long triggers we will search if we see close above these resistances on daily time frame!
==>> Looking for best Crypot earning ways in Trading, mining , gaming and other way visit here : ==>>
https://steemit.com/cryptocurrency/@bitman007/my-best-crypto-earning-ways-with-or-without-investment