Crypto-Pub Daily - Weekend Warriors unite!

in #cryptopub6 years ago (edited)

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Good morning sunshines and welcome back to the pub! Yesterday was a little slow around these parts with the STEEMit issues but it didn't stop the regulars from getting down across the globe.

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Bitcoin dipped to around $8200 last night and bounced a little to around $8500 where it sits now. Most other coins sit around 2% down from this time yesterday except EOS which is down almost 9%, Litecoin and Bitcoin Cash is around 0%, and DASH is up over a point! The clown race is barely being lead by ZRX which is narrowly ahead of TRX and FUN with ELF stinking it up, down almost 12%.

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T&A brought to you today by @sequentialvibe as he seems to be really warming up his musical chops lately.
https://steemit.com/dsound/@sequentialvibe/20180512t112046302z-nustar-original-composition
If I zoom right into the hourly chart where each candle is a 60-minute period, you can see the long slide down, and a nice break of the day old resistance that caused a bounce of the MACD and price. The trading action pushed the STOCH up into overbought territory where we will either correct or mirror the lingering that was down on the bottom of the STOCH for the last day and a half. I may be bearish because of the limit order I have to hedge into BTC.

May 12 BTC T&A2.jpg

The look zoomed out on the 12-hour chart is a little more encouraging as we are in oversold on the STOCH and saw a great entry point for scalpers at least. I am still working on my 'picking the bottom' game and would guess this is not quite as low as we will go just yet but would be encouraged to see a jump back up to $9,100 even if it bounces back down. Interesting times and I am riveted!

Coins showing early weekend life include:

Personal Trading Strategy today : Gloat over the good EOS entry point I set a week ago, Watch BTC for a good scalp, pick up some cheap LTC and ETC.


Source: twitter.com/thebearofcrypto

Source: https://www.youtube.com/ (watch?v=cuSbUXXvTnA)

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When to buy.......when to buy.........

RSI definitely seems at a critical level right now.

rsi weekly bitcoin.png

Thanks for the shout out!

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