CryptoPub - Correction: Don't Panic!
Good morning Cryptopub! Things are getting interesting so I am checking in again this morning to pour some pints for the crypto addicts. Plus I like when my reads are right and the markets are moving! Don't panic. Do your research and buy the dip!
The aforementioned correction is ongoing and Bitcoin is down just under 6% on big trade volume to just under 8k. Alts on my ticker are following suit and are down between 4% and 7% for the most part. In the Poodle Race, Tron (TRX) is fairing the best this morning only down 1% while ELF is in last place after a strong run, down over 8% and currently sitting at $.1866.
T&A today brought to you by @slobberchops who is picking up the airdrops for a bit! https://steemit.com/cryptocurrency/@slobberchops/swiftcash-and-airdrop-tuesday
Taking a look at the Daily chart, there is support but I think we are not done yet. I scored a hedge buy in at the support line in case there are still bulls left (Not a safe buy but small and for fun and a quick swap.) There is still room to complete the drop on the bottom indicator Stochastic Relative support index and the MACD trends suggest a bit of continuation. The Lower Bollinger deviation line, 30-day support, and 50-day moving average seem to all be converging at the $7,200 level and I have another, bigger buy set there. All in all, dipping into the oversold category on the daily STOCH is not a bad place to buy but the biggest drops tend to happen in that zone so trade carefully!
Source/News: You can't uninvent or stop blockchain - https://cointelegraph.com/news/andreas-antonopoulos-blockchain-tech-cannot-be-uninvented-or-stopped
When things heat up, we will return to the airdrop initiative for #cryptoPub followers. In the meantime, you can support the CryptoPub Airdrop Initiative through a donation to one of the following addresses. We also accept alt coin donations that will be given away in the Airdrop!
Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
Monero: 42h5cfr1xVpgZhcksYZnq5BdXXrA42sCZFrZfz6se6SwHh8r5cX51gnJGqzqmcLS9145aNd3NPvYvMTRep7fxnYeGSmg95p
Excellent .... going to Buy small $25 amounts on all the big moves down. ... Hopefully we can pick up some Bitcoin at $3,000 again.
Takes some patience and faith to pick up in intervals but at least you have a horse in the race no matter what the bounces are.
I may ready some fiat for a correction, buy the dip and enjoy the ride again
Posted using Partiko iOS