CryptoPub Daily - Tuesday Cruiseday!

in #cryptopub6 years ago

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G'mornin' CryptoPubbers and welcome to a nice day of green on the charts and the patio.

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Trade volume is still relatively low as the ticker looks pretty much green these last 24 hours and BTC is up 2.5% to $7,100. I don't think I would have called a 5 day rally to over $19 for ETC when I picked some up on Friday but I have closed that in some profit for the next discount I see. ETH is ETHing along at $410 and everything is modestly up between 2 and 3% except Ripple which is down 3%. The Clown Race (TRX/Lumens/ELF/FUN/0X) is being lead by ELF up 4.5%, followed closely by 0X and FUN is in last place almost at the same price it was this time yesterday.

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T&A today brought to you by @slobberchops who is spending his crypto riches on some fine steak! https://steemit.com/tasteem/@slobberchops/tasteem-0ce16e
On the BTC daily chart, we have a reversal so I like to check the 12-hour BTC chart here to see how much gas we have spent gathering buy support. The correction is a little more pronounced here but we are barely out of oversold on the STOCH with plenty of room to grow and what appears to be an impending upward MACD cross. Next stop SHOULD be $7,500 but I wouldn't rule out another trip to a support line between $6,600 and 7k just yet.

Aug 7 ETC T&A.jpg

Bonus T&A brought to you by @sequentialvibe who continues on his musical journey covering an old New Order song! https://steemit.com/dsound/@sequentialvibe/20180806t222345165z-blue-monday-cover
The Ethereum Classic 12-hour chart tells a neat story I saw coming before the weekend. There was a bit of a bear trap (momentum slide under support and the bottom Bollinger which corrects quickly) that looked strange so I picked up a chunk of ~$14 ETC in hopes of an early run during a down weekend. While I didn't wait til price hit the resistance line at over $21 (trying to be a bit more conservative and take profit earlier) I am sure many pro scalpers did just that and scored a nice 33% profit in 4 days.We are nicely in overbought/overvalued on the STOCH now so I see a return $17 (media Bollinger line in purple.)

Coins joining in the growht fun today include:

Personal Trading Strategy today - Cash in on ETC scalp, Hedge buy a little more <$120 Monero, Strong hands on BTC fiat, Keep an eye on EOS.


Source: https://www.ccn.com/someone-hid-free-bitcoin-in-no-mans-sky/

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