Btc update

in btc •  6 years ago 

It is September 22nd, 2018

BTC dominance is currently at 52.5% (-0.7%). The total market cap is currently at $222.6 billion (+ $9.3 billion). The market volume of the last 24h was $24 billion (+ $9.0 billion).

Fundamental analysis

Largest Brazilian Brokerage to Launch Exchange for Bitcoin and Ethereum

https://cointelegraph.com/news/largest-brazilian-brokerage-to-launch-exchange-for-bitcoin-and-ethereum

Bitcoin ‘Seller Fatigue’ Means Market Has Bottomed, Michael Novogratz Tells Yahoo

https://cointelegraph.com/news/bitcoin-seller-fatigue-means-market-has-bottomed-michael-novogratz-tells-yahoo

U.S. Lawmaker Introduces 3 Pro-Cryptocurrency Bills to Congress

https://www.ccn.com/u-s-lawmaker-introduces-3-pro-cryptocurrency-bills-to-congress/

Technical analysis

Daily time frame : https://www.tradingview.com/x/PqzpFMEs/

We got what we waited for! The close above all dinamic resistances (EMA 13, 21, 50 and mid bollinger band). MACD turned bullish, RSI is going up and it is time to wait for pullback on lower time frames for long entry! After thjis breakout it is at least expected to test local high that was reached yesterday!

H4 time frame : https://www.tradingview.com/x/1PtIjCM9/

These are 2 areas we are going to look for long entries! The higher area could be just short-term support that can gives us chance for scalping! The lower area is the area we are going to look for swing long entries! If we get shadow on that area, without close above, with bullish patterns on m15 and h1, we are going to open swing long with target at least at yesterdays high!

In case of closing below this area, then we are going to recheck our analysis and see if we have short triggers but I would avoid shorting without some FUD! Currently the market is very positive so it doesnt make any sense to look for swing short! Short could be considered only as a scalp until we reach area around 6900-7100 where we may get some swing short triggers!

If you like our work, you can award us by inviting your friends and helping us grow our community. You can invite them through this link: https://t.me/CryptoExpertSignals

To your success, CS Team!

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

hello sagertalekar you have posted nice information