CrypotoPub Daily - VV told me there would be days like these
Good morning CryptoPubbers! I would place one hand on your FIAT and the other on your butt!
Now THERE is a bloodbath! Bitcoin is down 8.5% to $6500 on large trade volume and is faring better than all alts on my ticker. Extreme discounts to be had with EOS, NEO, TRON and ETC all 17% off. Zcash and Ethereum seem to be holding on the best only down 10%. The Clown Race is looking funny with ELF in first place only down 12% and TRON in the rear down almost 18% now. Scoop em up!
T&A today brought to you by another CryptoPub Crypto Dad from Indonesia https://steemit.com/indonesia/@zainalbakri/ditawan-15-tahun-bagaimana-penderitaan-wanita-ini-cc43a52394bba
The daily Bitcoin chart tells a pretty simple tale. The buy support has been grinding the bottom of the Stochastic Relative Support index for a full week and the result has been a drop of $1,000. 1 green day in the last 11 should be the shaking out of the bears in prep for a good bull run but we will have to wait and see how low this downward momentum will take us and see if we can snag the very bottom as an entry point. Either way if it goes below my 6201 limit buy I had almost forgotten about a couple weeks ago, it should not stay that low for long.
Bonus T&A brought to you by @ryan313 who is making some good FIAT to Buy the Dip! https://steemit.com/uber/@ryan313/uber-sight-seeing
IN times like these where Bitcoin squashes the alts and T&A is frustrating for those coins, I look at the short term or, in this case, the long term BTC chart. In this Weekly chart, you can see we are still above the cross on the MACD but have corrected down in the last 3 weeks on the STOCH support index. One of our resident technical analysts has been calling for a return to $5200 which I thought was a little to bearish for reality. Based on the Bollinger Band on the weekly chart, you can see that level right at the lower deviation line. Seems crazy but could happen and this is why I remind myself to keep strong hands on the exchange FIAT to BTFD!
Coins ain't got time fo no bear run today include:
- Maker Dao (DAI) - Stable coins do well during STOCH bottom bear runs - https://makerdao.com/ https://www.tradingview.com/symbols/DAIBTC/
- Ion (ION) - Digital Fun gamers crypto platform - https://ionomy.com/ https://bittrex.com/Market/Index?
MarketName=BTC-ION - Ad Token (ADT) - ETH-based digital advertizing - https://adtoken.com/ https://bittrex.com/Market/Index?MarketName=BTC-ADT
Personal Trading Strategy today: Keep holding Exchange Fiat, eye entries for Eos, Lumens, Tron and ETC.
Source: https://cointelegraph.com/news/crypto-markets-slump-following-sec-bitcoin-etf-delay
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People just selling the news and making for an even sweeter BTC entry point!
The whole year has been shit, not just this news...i have no hope for crypto
Aw cummon! Let me pour you a drink and dispel them HODLer blues. Bear markets are great for discount coins so I bet scooping up some of these sales would put you in a better mood.
I put all I could in at much much higher levels unfortunately (a lot of money), including some on the way down. I don't have the confidence to put any more in. If I had gotten in just a few months earlier I would still be ahead, it's all just luck and I got in at the absolute worst time in history because unlike the past, there will never be huge parabolic gains after a bear market like there was in the past, unless you think BTC is going to $1M, and even that pales in comparison to the % gains of the past.