CryptoPub Daily - Hold on for the weekend!

in #cryptopub5 years ago

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Good Friday afternoon cryptopub earlybird weekend warriors! The correction slows or pauses momentarily so lets look at where we are and where we may be for the weekend.

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Trade volume has dropped off since the recent dip and Bitcoin is down moderately around 4% to just over $3,750. EOS and Bitcoin Gold are down a little more comparatively and ZEC is the coin on my ticker that is making some green movements today, up about 4% from this time yesterday. FunFair continues to get pounded in last place in the Poodle race (down 14%) while TRON and 0X Protocol battle it out for first place down only ~2.5-3%

Jan 11 ZEC T&A.jpg

T&A today brought to you by @slobberchops who has some alternative music spinning on the turn tables https://steemit.com/music/@slobberchops/alternative-weekend-focus-on-genesis-the-collins-years-part-one
I am getting a little weary of analyzing Bitcoin while it battles through its midlife crisis so I will look at the 12-hour ZEC for a little more sweet short term scalping. There is some support around the $54 level since early December and some nice surprise spikes in volume as it evened out around the 0 mark on the MACD. With room to grow on the STOCH and an upward cross on the MACD, I am going to try this little dip for a short term entry. Conservatively, I am looking at the $65 level where the last 2 local highs are and the upper Bollinger band intersects nicely there.

Jan 11 BTC T&A.jpg

Bonus T&A brought to you by @steevc who has his pulse on the price and community here https://steemit.com/steemit/@steevc/follow-friday-ups-and-downs
Ah just kidding I can't look away form Bitcoin on the Daily chart. Not too much to report but a slow of the correction. We have crossed down on the MACD and there is room to drop on the STOCH. The little green mark is either a reversal or continuation (contunation?) sign so that is not very helpful. I will just have to check back on Monday.


Source/News: Exchange Branding https://cointelegraph.com/news/huobi-globals-us-based-strategic-partner-crypto-exchange-hbus-rebrands-as-huobi

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