Current Market Cap: $212.62B(+$1.08B in three days) Bitcoin Dominance: 52.2%(-0.2%)
*
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.
Bollinger Bands show that we are below the moving average ($6,350). High ranges at $6,380 and low ranges at $6,320.
Stochastic RSI indicates oversold conditions (28).
MACD shows that we are below the Zero Line and the Histogram is negative.
Price Targets:
Entry $6,000- $6,350
Exit $6,400- $7,000
The sluggish recovery has been dragging on for weeks it seems. Regulations are still slowly coming into place with the SEC preparing to make several rulings over the next 4 months or so regarding Bitcoin Exchange Traded Funds (ETFs).
Meanwhile behind the scenes there are many new developments underway. Ethereum for example has recently announced a shift in their new scaling debate with a proposed "Ethereum 2.0" blockchain upgrade.
As we await the next wave of institutional investment that is supposed to propel the market upwards the prices may seem calm, but there is certainly a whole lot going on under the surface.
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-11-9-2018
Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
Fantastic Documentary About Relevant STUFF! (MUST WATCH!!!)
https://steemit.com/cryptocurrency/@avii/mind-over-money-documentary
Need A Good Laugh?
https://steemit.com/bitcoin/@hotsauceislethal/what-kind-of-crypto-trader-are-you
Keep A Strong Hand!
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-increasing-dominance-and-shrinking-market-cap
My Latest Series:
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-1-when-to-buy
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-2-when-to-sell
*Never invest more than you are willing to lose and always do your own research before making any investment decisions. I am NOT a financial advisor and this is NOT financial advice- this material is intended for entertainment and informational purposes only. Hit "CTRL + or CTRL -" to change size of chart.
(All pictures are free domain images created by myself with the help of Coinigy.com.)
This post was upvoted for being original and creative!
Keep up the excellent work! Thank you for being a supporter of the Creativebot.
Much love. <3
Oh you spoil me with your compliments :-D
Thank you for being here for me, so I can be here for you.
Enjoy your day and stay creative!
Botty loves you. <3
I will enjoy my day, thanks!
Hi @hotsauceislethal!
Your UA account score is currently 4.321 which ranks you at #2438 across all Steem accounts.
Your rank has improved 3 places in the last three days (old rank 2441).Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
In our last Algorithmic Curation Round, consisting of 243 contributions, your post is ranked at #212.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server
Congratulations @hotsauceislethal! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board of Honor
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard: