CryptoPub Daily - There it is!

in #cryptopub6 years ago

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G'mornin' CryptoPubbers and welcome inside the joint where we have fewer football pools than we do crypto pools.

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Ah there is the correction. Bitcoin has once again taken over the trade volume and is down 4.5% from this time yesterday. EOS and ELF were yesterday's gainers and at each down about 10% since yesterday morning. Alts all seem to be doing slightly worse than BTC with ETH down just over 5%, Neo at 6, Monero at 7 and Bitcoin Cash almost 8.

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T&A today is brought to you by @donald.porter who is celebrating his brother and bringing a message of crypoto time soon come https://steemit.com/lifestyle/@donald.porter/time-soon-come-by-denzil-porter-inspiration-for-the-crypto-community.
The 12-hour chart played out this break like we were discussing yesterday and I suppose it is better to be right than surprised. The downward cross on the MACD meant for 2 12-hour periods of correction and has brought us almost to the bottom of the STOCH which is optimistically a good entry/launch point. I suspect that this nice little green section is just a pause on the way down and can see some serious trade action at the support line we seem to have been watching all year.

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Bonus T&A brought to you by @jiujitsu making me wish I had a little more crypto profit go get me a trip to Mexico! https://steemit.com/acapulco/@jiujitsu/a-cloudy-sunset-2018-06-10-00-16-52
If I flip back to the daily chart, there are questions to be answered. The good signs are that the price drop stopped at the lower bollinger line, volume is up, and we are correcting from a 3 week period at oversold in May. The concerning signs are that we are just barely out of overbought, lots of room to correct on the STOCH, don't have that far til the sobriety line and could cross down on the MACD.
If the ups and downs are played out on the 12-hour chart/stoch, we could correct back up and mirror the oversold time of May in over bought in June. The pessimistic projection would be a drop below the sobriety line to match the $6500 local low in April which would make for a double bottom and much better launch platform for a summer bull run. If you are in FIAT now, good job.....Hedge buy ins at 7k and 6500 and pray for no lower than that!

Coins looking to resist the correction include:

Personal Trading Strategy today - In and out quick on high trading volume coins for small scalp profit. Hold onto butt.


Source: https://thinkinginred.wordpress.com/2015/05/12/hold-on-to-your-butts/

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I guess crypto pain it is kinda the opposite of physical pain. It actually hurts less when you see it coming!

Hi there, just added you to my Steem Voter! Enjoy your posts, and thanks for checking out mine!

Ah that's nice of you! Thanks for stopping by for a pint again! I have you on my feed, enjoy your home improvements, and really appreciate your support.

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