Good morning CryptoPubbers and welcome inside the bar as we cheer with the bulls and drink with the bears.

Bitcoin is hanging on this morning and up almost 2% as it shakes out the 9k limit orders it would have wiped out around midnight EST. Ethereum is up over 2% as that ratio to Bitcoin slowly claws its way to 10% of BTC where I would like to see it. Most other coins are even more flat and hanging out where they were yesterday at this time. ELF now has a narrow lead in the daily clown race up almost 1% and ZRX bringing up the rear down 3 but it is tight today.

We have to shout out @overkillcoin again as he has created .000000001 Man and is constantly such a generous tipper and patron of the CryptoPub https://steemit.com/art/@overkillcoin/sketch-boss-7-0001-man-life-update
I generally don't spend too much time on the 3-hour bitcoin chart as my scalping is done on the 1-hour and swing trades are done on the 12 but lets change it up. We have been sliding down a narrow wedge which should have broken out bullish at some point and it did. A bunch of 9k limit orders saved it from breaking out the bottom of the wedge and dipping too far below support that started on April 20th. So, for your daily projection, we just crossed up on the 3-hour MACD for this pump, have room to grow on the STOCH relative support index, and could easily see 9500 (top bollinger band.)

@briggsy is also the celebrity of the day again as he is KILLING it with his great STEEM updates and deserves a follow for sure https://steemit.com/steem/@briggsy/steem-price-daily-may-8-2018
We can celebrate a good day in the middle of correction with a drink, but the daily BTC chart will sober us up. Volume has declined a bit as bulls take a healthy break, and bears aren't panic selling. The fact that we are halfway down the STOCH and still above 9k is a really nice sign for HODLers and maybe not that encouraging for people looking for bargain BTC. Price should head to the 8800 mark at some point and here's hoping we are into oversold on the daily at that point and we can all turn into bulls. 7 k is not off the table yet but looking unlikely unless we Bollinger squeeze, have big bad news at the wrong time, and whales wanna play games still. Trade safely my friends.

Coins humping the day away include:

• AUGUR (REP) - ETH-based Market Prediction Platform - http://www.augur.net/ https://www.tradingview.com/symbols/REPUSD/
• Peercoin (PPC) - Newly included on Blocktrades, fast cheap secure POS coin - https://peercoin.net/ https://www.tradingview.com/symbols/PPCBTC/
• Blitzcoin (BLITZ) - Being delisted from Bittrex May 18th - https://cryptoslate.com/coins/blitzcash/ https://bittrex.com/Market/Index?MarketName=BTC-BLITZ

Personal Trading Strategy today: Limit order set for Monero (bucks the trends sometimes in downturns) still waiting on goof EOS entry point, scalp sell BTC on the top of the STOCH.

Source: amazon.com

Source: redbubble.com

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