CryptoPub Daily - Weekend Warriors!

in #cryptopub6 years ago

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Back after a couple weekends off, we can drink and watch crypto on the weekend again!

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Bitcoin volume and price is about the same as it was yesterday as we hang out around the $6200 mark. Bitcoin Gold looks as if it was Jason's victim from yesterday as it is down over 7% to $26.7 (can you believe it was once almost $480?) and ZEC is still up almost 9% from its run yesterday and hanging in at around $173. 0X is still leading the clown race today with Lumens in second, ELF and Ton in the middle of the pack, and FUN down almost 8% in the rear.

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T&A today brought to you by @briggsy with sage crypto advice https://steemit.com/cryptocurrency/@briggsy/cryptocurrencies-i-know-who-is-making-a-lot-of-money-right-now
I am going to jump right to the daily Bitcoin chart as I am curios as to whether this is the bottom and when the long term bull run will be we paid so much to see. The good news is we are in oversold territory on the STOCH and the downward cross on the MACD didn't show us the knife I was expecting yet. The not so good news is there is still some sell pressure to let off so that the red line dips below the blue on the STOCH) and if this is the bottom, we have a bit of a bearish diversion on the stoch/price (higher low in price but lower low on relative support.) Since we were overbought so long and we need a lower price to get rid of the bearish diversion so we can bull run, I am still hanging onto my FIAT and sub 6k limit order.

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Bonus T&A brought to you by @sequentialvibe who is freaking me out with his latest image discovery https://steemit.com/photography/@sequentialvibe/ai-deep-dream-image-collage
While I wait for BITCOIN to play itself out, it may be more fun to call the next alt coin breakout or watch Ethereum for an earlier break out of the gates. If we look at the 12-hour chart, the MACD is looking to be heading towards a cross upwards potentially for a pump. We have been oversold on the STOCH a while and the 24 hour chart is about the same as BTC and looking to correct if we don't linger. In this consolidation period since the end of June, we have had 20% swings from top to bottom which makes for some nice swing trading. I am looking for a bit of short term upwards action, some volume, and the indicator to see the ETH bears were easier to shake than the BTC ones.

Coins with sleeping bears today include:

Personal Trading Strategy today: Swing some XLM profit at the top of the STOCH to EOS, hodl FIAT and revisit my limit buys and sells in case there are some nice spikes for scalping.


Source: @sequentialvibe

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Previous week was better but this week is totally out of mind and i hope for better.

Wait another week and we may be in business. Get some FIAT ready to invest if I am right!

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