Good morning CryptoPubbers and welcome to the Bitcoin Correction support group! A little beer and chat about the indicators make us feel less at the whim of Crypto.

The correction continues in earnest as Bitcoin is down only 2% and so are many other coins like Bitcoin Cash, Bitcoin Gold, Monero, Litecoin, Ripple, and NEO. I just realized I didn't have OMG on my ticker (swapped it for BAT) and see it is down about 1%. Ethereum is flat in this dip and Iota is the coin of the day up almost 10%. 0X is leading the clown race again today and EOS is almost down to a decent entry point.

T&A today comes to you from newer CryptoPubber Nene James who doesn't blog too much but is always happy https://steemit.com/@neebootoo
Looking at the daily Bitcoin Chart, we can see the MACD crossing down, and the price dipping below the Bollinger Median Line. It is hinting we might correct down to the bottom of the STOCH and lower Bollinger deviation line which would put us somewhere around $8500 if it were to bounce nicely. I am going to wait and see because last dip, we had lots of starts and stops and huge action at the bottom of the STOCH. A good long bullish run on the daily tends to correct hard unless the bulls are lined up for a good buy in and a nice run.....like me. Just have to properly pick the bottom this time.

For a little context, we can zoom in to the BTC 6-hour chart and see the dip and subsequent skid on the bottom of the STOCH. Price will have to reverse at some point but it may be a day or 2 for a sustained correction as the MACD lines are still far apart, and parallel. As indicated by the star, the 12-hour chart is showing the bottom of the bollinger closer to the $8700 mark (which may drop as well) and room to drop on the STOCH. There may be a little reversal upward to get us off the 0 STOCH line but my money is on a bit of a continuation.

Coins wishing we were airdropping them today include:

• IOS Token (IOS) - Scalable Proof of Believability (<?) platform for online service providers - https://iost.io/ https://www.tradingview.com/symbols/IOSUSD/
• Aeternity (AE) - Scalable smart contracts for interfacing with real-world data - https://aeternity.com/ https://www.tradingview.com/symbols/AEBTC/
• Decent (DCT) - Content publishing and distribution platform - https://decent.ch/ https://bittrex.com/Market/Index?MarketName=BTC-DCT

Personal TRading Strategy today - Maybe scalp the regular coin (BTC, LTC, ETC) if volume increases, keep an eye on EOS for a good entry point, watch the sky for falling coins

Source: airdrops.co

Source: medium.com

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