Good afternoon CryptoPubbers and welcome inside the joint as we watch the charts, enjoy some draft, and spend the afternoon getting our work done so we can party tomorrow!
This morning, we are sitting in a field of barely green as BTC is flat/up less than 1%, ETH is a bit better at +2%and DASH up almost 4% while its privacy brother Monero is up less than a half a point. The story of the dull day so far is Bitcoin Cash up almost 6% which it tends to do while BTC is flat. In my clown race (ELF, ZRX, TRX, FUN) we have ELF in the lead up 8% and Tron bringing up the rear down just over a 1% from this point yesterday.
T&A today is brought to you by @riskdebonair who has great words about words https://steemit.com/words/@riskdebonair/don-t-believe-in-words
The daily Bitcoin chart is hinting at reversing back up from 60% down the STOCH and the 3 hour chart is showing shorter term signs of correcting back down from oversold so I am looking at an interesting 12-hour chart. The support line held strong and prevented BTC from reaching the lower Bollinger line which is encouraging. On the flipside, the Median Bollinger line is acting as resistance over the last couple days as BTC is having difficulty returning to bullish. Trade volume is decreasing while relative support is rising. What will decide this 50/50 battle will be whether the MACD crosses for a pump (up to 10k possibly) or bounces for a drop (to 9100 if support holds, or $8800 if we correct back to the lower Bollinger deviation line.)
Bonus T&A brought to you by the OG from the west/west who is getting pretty excited about football, marijuana and crypto! https://steemit.com/bitcoin/@broncnutz/from-cracking-skulls-to-an-astrological-bitcoin-bull
Since Dash is making a dash and I like to scalp Monero, I am taking a look at the 12-hour Monero chart to see where we are. The end of April started a descending wedge we are (kinda) breaking out of. Volume has been decreasing and a bounce on the MACD caused a dip back to support. Now, the MACD is close to either crossing this time or dipping again and you can see my limit order in the event it bounces or dips. If there was more volume to fuel a pump, I might buy now as we are corrected on the STOCH and headed up possibly. Watching closely for an entry point here.
Coins out of the gates like the Kentucky Derby include:
- 0X (ZRX) - Permissionless protocol to enable ERC20 tokens to be traded on the Ethereum blockchain https://0xproject.com/ https://www.tradingview.com/symbols/ZRXBTC/
- Lunyr (LUN) - Eth-based encyclopedia with rewards - https://lunyr.com/ https://www.tradingview.com/symbols/LUNUSD/
- Presearch (PRE) - Community based blockchain search engine with rewards (Thanks @sequentialvibe!) https://www.presearch.io/ https://coincodex.com/crypto/presearch/
#Personal Trading Strategy today - It is nearing action time so I am reviewing all my holdings, old limit orders and goals as I watch for the bottom of BTC, Scalp some Monero.
Source: cryptov.club
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I always knew you loved the bottom.
Let's hump!
I hear CNBC is going to be running a bitcoin week coming up. I’m wondering your thoughts on the impact it might have.
Well, any marketing will be good marketing at this point. I bet many of the analysts they have on will be spreading the FUD and hired because of their contrary stance. So the news will not all be good, hopefully the debates will be spirited, and the exposure will be nice.
It will take a holy pile of FIAT to put the market up 3 times its current value which is where we all want it in the mid term this year. The more people hear, the more they think. The more often they think, the readier they will be to invest when the right opportunity presents itself.
I remember the insane boost in the market right after the Bitcoin episode of Big Bang Theory
No where near that but a few steps closer to mainstream and a pump to start a big bull run will be nice.
Maybe Bitcoin is waiting til the bottom to make its big move down? So far, it has held on admirably!
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