CryptoPub Daily Drink - Thursty Thursday!

in #cryptopub7 years ago

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Good afternoon pubgoers and welcome inside the Crypto-Pub! Sipping the IPA and watching the ETC!

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The ups and downs of consolidation and indecision continue just to make sure we got out of Feb without a definitive answer. Launching March off right, BTC is up modestly a couple points which is pretty much the sentiment across the board with my other daily watched coins. Interesting is ETH which is completely flat and NEO down a bit correcting a couple strides it took up this week.

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Today's T&A is brought to you by https://steemit.com/@mitsjones who has returned to us after a 3-month layoff and tipped nicely yesterday!
With BTC, I keep reminding myself that we are still in a down channel but have at least spent February rising to the top of it and testing/weakly breaching resistance. BTC historically likes to test long term resistance a few times and I believe we are almost out of it. The encouraging part is the reversal on the STOCH relative support index which is signalling funny whale games and/or bulls returning. It is not the profit taking bulls we need, but the long term bulls. It would be a nice time to spend an extended period at the top of the STOCH on the 6-hour chart and just leave the resistance line behind but I will believe it (and support it with my FIAT) when I see it.

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Might as well start the month off with some bonus T&A. For my fellow ETH hodlers, You could draw any angle of Pennant on that 6 hour chart and still come to the conclusion something is about to give. We have the same bulls in ETH causing a slightly stronger reverse on the STOCH signalling a stronger bounce and support line. Caution would make you speculate we will bounce off the resistance again and correct down to the support level one last time. There is still room at the top of the STOCH for some real buying to happen, blow through the resistance line, and potentially grind overbought a while for some good gains. There is sentiment that ETH should be valued at 10% of BTC right now, which would put it at almost $1,100 so lets see how strong that sentiment and market really is.

Coins also starting the month out with a bang include:

Personal trading strategy today: Dump half LTC at top of 1-hour STOCH and watch resistance lines with my fistfulls of FIAT that may soon drive me nuts. COME ON BUUUULLLLLLLS! ;)

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We are all getting a late start to the day it seems. Good morningnoon!

yes yes..... just back from work! good to see you !

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