CryptoPub Daily - Back in the Green for Hump Day
Good afternoon CryptoPub! You seem to be in a good mood today and I am not sure it is because of the special we have on TRON fries!
Well glory be! Seems we have our official dead cat bounce for now as volume is very healthy and Bitcoin is up over 10% on the day to $4,300. On my ticker, every coin is double digits in the green with notable mentions NEO and OMG (which seem to follow each other closely) up over 17% each. In the Poodle Race, Tron (TRX) has taken off at almost +30% while Lumens (XLM) is in the rear only up 13%.
T&A today brought to you by @ryan313 looking for a bottom to be carved out https://steemit.com/bitcoin/@ryan313/bitcoin-bottom-being-carved-out
The Daily BTC chart has finally lifted out of the extended stay in oversold territory and may give us an idea where we may grow to in the shorter term. If we stay bearish overall, we could still pump up to the Median Bollinger line which should be about 5k. There is plenty of room on the STOCH to get up into overbought and there may be an upward cross on the daily MACD which has almost always been e good sign. If the bulls are back, keep an eye on a correction on or slightly above the upper Bollinger line which is somewhere around $6,600. I need some green candles the size of the previous red ones in order to get excited at all.
Bonus T&A brought to you by @nonameslefttouse whose rambling is as entertaining as his art https://steemit.com/steemit/@nonameslefttouse/okay-stay-calm-paint-picture-say-nothing
Here is a quick peek at the Weekly bitcoin chart to keep you sober and calm. We got the downward cross of the MACD out of the way and have a ways to go to cross up again. Though the price action has seemed to have corrected so far, we still have a few days til the candle is done and the trend is still pointing down on the STOCH. Interesting to note the Bollinger Median is at around $6,400 as it is on the Daily chart so there is plenty of chance that a shorter term bull run can remain bearish on the long term pattern.
Source/News: https://www.ccn.com/crushing-it-stellar-litecoin-monero-zcash-post-major-gains-as-crypto-market-rallies/
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Hello!
Do you happen to use 3commas software for trading? It creates trailing stop losses, etc. Just set it up tonight and it's not really working as advertised... Am I mucking it up?
Thanks! :D
I generally do my trading manually. Been considering a few bots and other software but I have been trying to master the basics so I can evaluate how they perform.
SHould be some help section of the website or a live discord support server? Let us know how you do!
Hello;
I figured it out, I used 3commas.io to make some orders w/ trailing stop losses, but even though the orders were from my binance account, they didn't show up in open orders on binance.
So, I'll just keep that in mind. At least they show up on 3commas and I can track them there.
So, what are commas for anyway? Maybe Ask a Ninja can help answer us!
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