CryptoPub Daily - Is that a light or a train?

in #cryptopub5 years ago

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Good afternoon CryptoPub! We are checking to see it that is a light at the end of this crypto tunnel, or just a train speeding towards us!

Nov 27 Ticker.jpg

Trade volume is still brisk with Bitcoin down another 1.5% on the day to just under $3,800. EOS is down particularly more this morning over 9% to under 3$. It is also neat to see LTC in the green the last week as it feels like over a year that Charlie Lee took all of the wind out of Litecoin sails. In the Poodle Race, ELF is in the lead with FUN close behind both in the green while Lumens takes a turn in last place down 3.5%

Nov 27 BTC T&A.jpg

T&A today brought to you by our resident composer @sequentialvibe composing, mixing and releasing! https://steemit.com/dsound/@sequentialvibe/20181127t135545508z-new-horizons-trippy-mix
Taking a look at the daily BTC chart to see when we may see the light at the end of the tunnel. We seem to have found some support for the last 3 days around the $3,700 level. We seem to have silently crawled out of oversold for the time being and the lines on the MACD are beginning to draw closer. I have another limit buy set at the red support line and am looking to an upward cross on the MACD to spur a nice longer term pump in December.

Overall outlook

These incremental buys as the price drops do not generate any immediate profit and are a short term loss. I am not in it for the short term though. Everyone buying in near the bottom are becoming support for Bitcoin and Crypto in general. We will all make out very well and it is just a matter of when. BTFD!


Source/News: https://www.ccn.com/breaking-what-crypto-winter-nasdaq-to-launch-bitcoin-futures-market/

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