It is October 17th, 2018

BTC dominance is currently at 53.8% (-0.3%). The total market cap is currently at $212.2 billion (+ $1.1 billion). The market volume of the last 24h was $12.1 billion (- $10.1 billion).

Fundamental analysis

Investment Giant Fidelity Launches Digital Assets Services Targeting Institutional Investors

https://cointelegraph.com/news/investment-giant-fidelity-launches-digital-assets-services-targeting-institutional-investors

Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications

https://cointelegraph.com/news/report-bitfinex-shifts-its-banking-business-to-hong-kong-based-bank-of-communications

Tether Market Cap Sinks to $2.2 Billion as another 250 Million USDT Exits Circulation

Technical analysis

Daily time frame : https://www.tradingview.com/x/wgGkY5lt/

Bitcoin made up move but struggled to close above all major resistances! Currently it is still below mid bb, EMA 50 and this purple area that was support and currently it is resistent for Bitcoin! As long as it is below these resistance lines, it can't be considered as bullish!

Most likely, in upcoming days BTC is stay in this range from 6100 to 6800.

We would like to give some signals but the market conditions is not in our favour. If you look back, 2 or 3 weeks before, after big dump of $1000+ we expected continuation! Once it didnt happen, we saw that consolidation is coming and 3 weeks later, we are still in the range! From this point, we may easily stay in the same range for upcoming few weeks! Yeah, not days but weeks! More we stay in the range, it will be more bullish than bearish.

So, when market is offering you trading opportunity, trade it! When it is no trade zone, take time to learn and grow so you can be ready for more active market!

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