CryptoPub Daily - Back to work Bitcoin
G'mornin' CryptoPubbers and welcome back to the pub as we get back to work (this means you too Bitcoin!)
Over the weekend, BTC took a couple runs at 6k and has recovered relatively nicely, up 2% from yesterday at this time to $6,450. ETH, ETC and NEO are down a bit but only marginally as BTC is taking all the trade volume. To start the week, it is Stellar Lumens taking the lead in the Clown Race with ELF right on its tail, both up 7% as FUN and TRON bring up the rear down about 1%.
T&A today brought to you by the OG @broncnutz as he gets back to his happy place with football returning https://steemit.com/sports/@broncnutz/broncnutz-lends-billionaire-money
This sideways/recovery action from BTC managed to have the price break upwards out of the downward channel that brought us from $8300 down to 6k starting the beginning of August. We are still oversold with plenty of room to grow mid term and a continuation of this trend will result in a cross on the MACD for what should be a considerable pump. Conservatively, swing traders found a nice entry over the weekend just outside of the Bollinger band, a bit below the local low of July 12, and we should be headed at least to the $7200 to meet the middle Bollinger band in the next week.
Bonus T&A today brought to you by @stevec who helps us avoid phishing scams https://steemit.com/steemit/@steevc/be-very-careful-where-you-enter-your-steemit-passwords
It has been a particularly bad 3 months for ETH HODLers so a look at the daily chart is warranted to see if we will pull out of this tailspin. The resistance that was started around May 22nd has strengthened itself and the last mini run up was more than cancelled when the support was broken on the last day of July. We have been firmly oversold since the beginning of August and the bargains cannot get much better than this on ETH. Seeing the trend, I have placed a limit buy at the support line but only 50/50 on whether we will get there. There is no doubt ETH is a bargain right now and there should be some nice bull action at the right time in the next month.
Coins back at it nice and early this Monday Morning include:
- ORS Token (ORS) - AI powered supersmart contracts platform and currency - https://www.orsgroup.io/ https://www.tradingview.com/symbols/ORSETH/
- Nova Coin (NVC) - PoS PoW coin of the "feature" (Typo on main page?) - http://novacoin.org/ https://www.tradingview.com/symbols/NVCBTC/
- Neos Coin (NEOS) - Block Chain Based platform for creating web pages and getting paid to contribute - https://www.neos.sh/ https://bittrex.com/Market/Index?MarketName=BTC-NEOS
Personal Trading Strategy today: hedge buy ETH with another limit set at the support line, convert a little BTC to UBIQ, eye swing sale of Lumens.
Source: https://www.ccn.com/43-billion-wiped-out-of-crypto-in-5-days-as-bitcoin-price-rebounds/
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
CryptoPub Discord: https://discord.gg/xc77Cyk
You and @ryan313 have Ubiq on your radars. I have bags of that and hope it will recover hard at some point against BTC.