CryptoPub Daily - Weekend Snapshot

in #cryptopub5 years ago

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Good afternoon weekend warriors. The Saturday post has become a quick look at where Bitcoin and Crypto in general are price-wise, and a prediction for how it will end up before trading picks up Monday Morning. Weekends are a special kind of beast worth studying.

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Trade volume is beyond anemic in the last 24 hours, yet BTC is even to where it was yesterday. ETH tron and Zcash are up a little and ZRX is cooling off from a good run yesterday. With TRON way out in front in the Poodle Race and 0x behind, Lumens/Fun/Elf are down just a touch in the middle.

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With this anemic weekend volume, we could be either in for more sideways action or a big drop. This is reinforced on the 3-hour chart where the consolidation/stability in the last day has squeezed the Bollinger bands in and the STOICH is overbought looking to correct. Here is where I am putting my fun guess at returning to to the support line, or potentially below to the longer term support.


Source/News: https://www.ccn.com/tron-augur-surge-5-ahead-of-major-upgrades-is-5800-imminent-for-bitcoin/

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