Someone let the bull loose!
Current Market Cap: $450.19B (+$21.34 in two days) Bitcoin Dominance: 34.7%(+0.1%)
With great news coming from every direction today the entire market is surging. The US Congress had a meeting to discuss potential uses for blockchain and its future. South Korea has essentially given the thumbs up for crypto again, as a public petition was put into place to prevent unfair regulations. Litepay has announced that it will launch in less than two weeks- allowing fiat to Litecoin transactions. Source
Hacked exchange Coincheck has also unfrozen funds after the largest hack in HISTORY where XEM was stolen from various hot wallets used by the site. This led to over $370 million being withdrawn from their site, which undoubtedly made its way into other markets. Not to mention that the Lightning Network is now in alpha phase and conducting transactions on their test-net. Source
Progress will still be slow and steady as we enter this new technological age.
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastics and MACD.
Bollinger Bands are showing we are above the moving average which is just under $9K
Stochastics indicate we are in overbought conditions and could fall back down at any time.
MACD shows we are way above the zero line and tapering down.
Likely Scenarios:
- BTC continues to rise up towards $9,600-$9,800 before dropping back to the high $8K to low $9K range.
- BTC falls back down to the $9K moving average and continues upwards attempting $10K by tomorrow.
- A massive surge in buy volumes pushes the price past $10K up toward $10.5K before correcting.
TLDR Version:
There is a lot of good news going on in this space right now that is going help the market to recover. Watch for any profit taking around the high $9K-10K zone. Resistance is around $9,5K-$10K with new support forming in the high $8K-low $9K range.
Price Target:
$10,300
Alt-Coins To Watch:
- LTC
- XRP
- NEO
- EOS
- LSK
- WTC
- BTS
- KCS
- POLY
Check Out My Last Bitcoin Forecast:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-2-12-2018
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
*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)
Very very nice. I guess the prices will have a picnic near the $10 000 now and here are my waves:
I guess the most likely scenario is that one: A massive surge in buy volumes pushes the price past $10K up toward $10.5K before correcting. and i see it as a wave (v)
Thanks for the update. LTC is a coin to follow :)
Hello BTCers,
Great article, and I noticed over the past 8 hrs of especially low volume the price moved over $370...with the trend showing stronger support that the past week, I suggest we'll see BTC at $9,740 by 3a.m. 2/15/2018...Chalk it up to a Valentine's BTC Bounce after all have had their dinner, flowers, chocolate, and lovin'!!
That energy may progress into a buying frenzy to push the BTC to its maintenance $10,110 level by noontime.
Either way, that ALTs will follow, and I am strong on ELF, NAS, and JNT.
Happy Cryptowing!
Medianation
I'll wait for the next dip, got some fiat ready for some more Bitcoins, damn I fell in love with cryptos XD
You got a 26.52% upvote from @luckyvotes courtesy of @hotsauceislethal!
thank man, good day at the market today. LTC is moving high maybe because of LTC cash? And then will drop soon after you think?You have alot whales upvote, is that worth it? I used randowhale and didn't seem to profit from it
I was just testing out some different upvote bots here. I will actually end up losing money after curation is accounted for but I wanted to see what kinda voting power and response time some of them had. Check out https://steembottracker.com/ to see the whole list there are so many now!
I would recommend sending a very small amount like only a couple of SBD to the voting bots I used since I kinda screwed myself on sending so much.
You got a 5.84% upvote from @postpromoter courtesy of @hotsauceislethal!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 58.20% upvote from @upmewhale courtesy of @hotsauceislethal!
This post has received a 15.73 % upvote from @booster thanks to: @hotsauceislethal.
Thanks dear sharing informative and valuable post.