State of Mind October 18th
New day on the cryptos market!
What happened last night?
Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion.
The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a MACD and CCI that evolve in a neutral way and a WaveTrends that crossed with a downside risk.
However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a MACD that evolve with a downward trend.
In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market !
More info on t.me/crypto_addicts_free
What happened last night?
Overall, the market has remained stable, as can be seen from an analysis of total market capitalization, which has stagnated at $211 billion.
The Bitcoin is still evolving laterally for the moment staying around $6,740 still in its trading range with its support at $6,650 and its resistance at $6,800. Over a period of 1 hour, the evolution of the technical indicators is uncertain with a MACD and CCI that evolve in a neutral way and a WaveTrends that crossed with a downside risk.
However, over a 4-hour horizon, the indicators are negative with a WaveTrends and a MACD that evolve with a downward trend.
In conclusion, this sideways market could head in both direction, that's why you must use stop-loss if you try to profit from opportunities on the market !
More info on t.me/crypto_addicts_free
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