Good morning Pubgoers and welcome aboard the only roller coaster that serves beer!

This morning, Bitcoin is down moderately from a high of ~$8,800 yesterday, but up from a low of ~$8,100....sitting right around $8,400 now. ETH continues to ETH along as it does with a little less volatility than big sister and is up to 8.4% of BTC's value......I would love to see it get to 10 and stay there. EOS is just above the 12$ range I promised on May 6th after it hit $24.

Hold the presses! BTC just dropped 200 points as I was typing that. Going to be an interesting and exciting day. As I was going to say, there will be good entry points on many coins today including EOS (below 12), Monero (below 190) and others I will be watching closely. The clown race looks like a blood bath as well with TRON leading, down only 8% at this time.

T&A today is brought to you by @slobberchops who has become one of my boys with his crypto and his sci-fi/fantasy and his STEEMit.
If we zoom in on the daily chart, we can see evidence of the bearishness of the last week as the price has stayed below the median Bollinger line solidly. Not doom and gloom though as we saw this coming with the extended overbought period, took some chips off the table, and were ready for the natural correction.....right? I get nervous for short term crypto in general when I start to hit my limit orders but time will heal those wounds with a nice bull run hopefully within a couple weeks.

Seems like so long ago that LTC was a story on its own and a look at the daily chart hints that might change. The beginning of May showed a break of resistance that started in the Great December Correction. Since crossing the Bollinger Median Line a week ago, we have stayed bearish and are firmly in the oversold category. For the short term, we may see a bit more of a drop and you can see where I have my conservative and aggressive limit orders for entry.I doubt we will reach that lowest support line but it will be dependent upon what Bitcoin does, and how independent Litecoin price is and traders sentiments/news stories are.

Coins going / when the others are going \ today include:

• IExec (RLC) - Block Chain based cloud computing - up again today! - https://iex.ec/ https://www.tradingview.com/symbols/RLCETH/
• TenX Pay Token (PAY) - Connects the blockchain currencies to a payment method you can use while travelling - https://www.tenx.tech/ https://bittrex.com/Market/Index?MarketName=BTC-PAY
• WhiteCoin (XWC) - 3-year old coin focused upon stability through secure transactions and communication - https://www.whitecoin.info/ https://bittrex.com/Market/Index?MarketName=BTC-XWC

#Trading Strategy today: Keep a close eye on Bitcoin and swing half in under 8k. Watch for good entry points on LTC, XLM and bonus buys of EOS. Eat popcorn and try and stay 33% in FIAT just in case.

Source: https://steemit.com/cryptocurrency/@mfxae86/crypto-buy-the-dips

Source: cryptoblockchainresearch.com

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