CryptoPub Daily get together - Humping away the day
Everything in moderation........like the moderate growth since yesterday. BTC is up 2.5% with BCH, LTC, ZEC, XRP, IOTA, XMR, ETC following suit. our precious EOS is doing really well today up over 16% and Dash, Litecoin, are lagging a bit behind. Also, in my pet coin 0X, FUN, ELF, Tron race, OX is in the lead today at almost 12% up!
T&A today brought to you by our pal Briggsy keeping close tabs on the health and status of STEEM. https://steemit.com/steem/@briggsy/steem-price-daily-april-11-2018
If we check out this consolidation on the 6-hour BTC chart, there are bullish signs following a good cross on the MACD. Price didn't reach the bottom Bollinger Band, trade volume is up, we crossed the median line on the Bollinger, and the STOCH didn't reach oversold before heading up, and has lots of room to grow. Where to? $7200 is a reasonable bullish target just north of the upper Bollinger line. If it pushes through that, ~$7,400 is a 2 week resistance level, and I will be cooking up some popcorn at the pub if we approach $7,700+ as that is where the December and beginning of March resistance lines come together.
Bonus T&A brought to you by @sequentialvibe who had me buy in to EOS at well under $6! Thanks!
EOS is causing a little stir with the second most trading volume and I have a nice stack of it so lets take a look at the 6-hour chart. ~3-week consolidation carried the price through the resistance that was started the beginning of Feb for a nice punch through. Big volume the last day or so produced a strong break of the consolidation channel and we are just about at the resistance line started early March at around $7.2. NICE big price jump at the top of the STOCH which is good for strong handed profit-taking scalpers who are adept at picking the top.
- Glossary of Terms - MACD: The MACD is the Moving Average Convergence Divergence indicator that maps the moving averages I have set to default at the closing prices on the 12 and 26 day price averages. When the 12 day average crosses the 26 day average line upwards, we generally see a good pump.
Coins getting a head start on the humping include:
- EOS (EOS) - STEEMians pet coin headed towards summer platform launch - https://eos.io/ https://www.tradingview.com/symbols/EOSBTC/
- POA (POA) - ETH side chain Proof Of Authority smart contract platform - https://poa.network/ https://www.tradingview.com/symbols/POABTC/
- HempCoin (THC) - Safe, decentralized payment system for the Hemp, marijuana and tobacco industry - http://hempcoin.org/ https://bittrex.com/Market/Index?MarketName=BTC-THC
Personal Trading Strategy today - Scalp me some EOS for a buy in lower, throw some spare change into LTC and Monero for a pump hopefully soon to come.
Image from a 7-month old @samstonehill post
Hump it up!
No interesting post yet today so I will just leave a bunch of hair here.
Feel free to link your latest blog post for discussion!