📝 Market summary. July 31st, 2018

📝 Market summary. July 31st, 2018

Bitcoin price change:
24 hours: −1.08%
1 month: +27.86%
BTC trading volume (24h): $5,511,829,722 (No significant change)
BTC Dominance: 48% (Slight increase):

Biggest Gainers (TOP-100):Polymath (9.17%)
Biggest Losers (TOP-100): Mithril (-20.17%)

📈 Bitcoin is moving within bullish ascending triangle, common continuation pattern. It’s a good bullish indicator which requires additional confirmations.

📢 News environment: Neutral. Nothing outstanding or extraordinary. There are some positive news about Blockchain adoption, however none of them have any significant positive or negative influence on the market.

📊 Short-term analysis: I suggest to watch two important zones: support at $7800, and resistance at $8400. Breakout could happen at any time, because several indicators are quite bullish. If 1D candle will close above $8450 – 8500, it will confirm growing bullish momentum.