Bitcoin Price Mini T.A. 1/5/2019
Current Market Cap: $131.68B(+$1.05B in one day) Bitcoin Dominance: 51%(-0.1%)
*
Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.
Bollinger Bands show we are below the moving average ($3,830). High ranges at $3,860 and low ranges at $3,800.
Stochastic RSI indicates oversold conditions (12).
MACD shows we are just above the Zero Line and falling. The histogram is slightly negative with relatively low volumes.
Price Targets:
Entry $3,500- $3,800
Exit $3,850- $4,200
The market has seemingly stalled around the $130B market cap point. The true believers are slowly accumulating while the market has bottomed out.
Other retail investors are slowly licking their chops waiting for a steeper drop as predicted by SOME technical analysts.
I, on the other hand, know better and refuse to just stand on the sidelines. I always dollar cost average and hold a core portfolio regardless of market conditions. Bitcoin WILL rebound sooner or later it's just a matter of time.
Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-1-4-2019
Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out
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.)
I understand that the resolution on the images has decreased due to the storage updates made by @Ned. If anyone would like me to start hosting the images offsite let me know. For the most part you can read the important parts but the fine details are blurry.
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