CryptoPub Daily - VanessaV told me there'd be days like these

in #cryptopub6 years ago

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Good morning CryptoPub Friday jammers and welcome to the roller-coaster you get to ride while drinking beer!

May 11 ticker.jpg

Today looks a little like Robb Stark's wedding (any Game of Thrones nerds here?) with pretty much everything down double digits. It is really neat to see BTC down only 9% while the money is being squished out of Alts even harder. The biggest coins, Ethereum, Litecoin and Bitcoin are down the least and lesser alts like Bitcoin Gold, Iota, EOS and the like are down almost 20% from yesterday. Monero under $200 makes me excited!

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Today's T&A brought to you by XXXX who is always good for a well informed chat about crypto and beer.
Taking a closer look at Bitcoin, the 3,6, and 12 hour charts are skidding on the bottom of the stoch as you would think with this dip. The daily chart (each candle represents 24 hours of price movement) we can see where we broke the 20-day support line and dipped back down to the lower Bollinger Deviation line. Now to guess the bottom and the pattern.

Optimistically, all the time spent at the top of the STOCH (overbought/over-valued) is just a reflection of all the time in March/April at the bottom oversold and we are going to settle into more regular up and down. So, I have a 50% hedge buy in right below 8k in case it bounces back up there, and will hold the rest for incremental buys down to $6,900 in case the sky falls again.

Coins strutting like a honey badger today include:

Personal Trading Strategy today - These are the days that get HODLers nervous and swing traders excited. CHeck limit orders on XLM, fringe buy some EOS, watch LTC and BTC a litle while longer and plan incremental buys.


Source: https://www.youtube.com/ (watch?v=JTx1442mUKw)

Source: https://www.youtube.com/ (watch?v=mzhLanOt77Q)

Please help fund the Tuesday Airdrop initiative through a donation to one of the following addresses! We also accept alt coin donations that can be used in the Airdrop! Make sure you reply to one of the posts letting me know it was you so I can show everyone your generosity.


Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK

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Something was fucky with steemit this mornin huh?

Gonna have a couple pints this afternoon at the Canadian Cryptopub! Bringin my records.

Woofhoo! Friday is here. I can't wait for the DJ Jam!

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