CryptoPub Daily - Humpday the 13th!

in #cryptopub6 years ago

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Good morning CryptoPubbers! It is definitely time to ignore the fud and have a drink and possibly time to buy into crypto.

June 13 ticker.jpg

Bitcoin is currently hanging onto its butt down about 5% from this time yesterday at around $6400 (would you imagine saying that a month ago?) and once again tops in the Trade Volume department. Alt coins are taking it a little harder than BTC which likely means they will bounce back a little faster, or the trade volume will shift mid term to BTC and could fuel a nice run. ETH, ETC, Litecoin, Neo and Monero are down more than 10% in the last 24 hours and the Clown Race is not worth watching this morning.

June 13 BTC T&A.jpg

T&A today brought to you by https://steemit.com/@hr1 who always started the most heated and entertaining conversations at the pub.
For a short term look at where we could be going, the 3-hour BTC chart will do. We are squarely in oversold on the STOCH relative support index, and the buy AND sell are nearing 0. The MACD is moving up a little and any buy volume could cause a cross upwards and a little pump. We can modestly expect over 6600 and I am taking 6650 in the pool.

June 13 BTC T&A2.jpg

Bonus T&A brought to you by the winners of the @smartcash latest contest. https://steemit.com/smartcash/@smartcash/team-smartcash-on-steemit-weekly-update-and-prize-winners
If we zoom out to the 12-hour chart for slightly longer term outlook of where we are and where we are likely to go in the next few days, there is cause for rose-colored glasses. We are in a descending wedge that either started at the end of May or the beginning of June and are most likely to break upwards. Bears are looking to find a good entry point on the STOCH when it is near zero so they can get in and make some profit and here we are. There is a little recovery to happen on the MACD before a significant cross and pump so it will be interesting to see if the more bullish, shorter term wedge is more relevant and breaks up harder.

Currencies that Ain't Got Time Fo No Dip include:

Personal Trading Strategy today: Hedge buy in on Bitcoin, A bit of loose change on ETH, then Monero, then Litecoin.


Source: hodl.fun

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Extra credit for reckless use of a double negative!

I don't not know what you are talking about!

'T&A today brought to you by https://steemit.com/@hr1 who always started the most heated and entertaining conversations at the pub.'

He does indeed, we all love @hr1.

I check back on his blog all the time and see lots of great resteeming and wanting to read more original posts. Has he an alternative account he posts from?

Nobody knows anything about this man of mystery.

A nice bounce here would certainly be nice. This is bargain enough for me.

We need a nice chunk of good news right when your cross happens for a good bull run!

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