CryptoPub Daily - Helloooooo Monday!

in #cryptopub8 years ago

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Good mornin' CryptoPub and welcome to a really upbeat start of the week. Here we go!

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AND........WE'RE BACK! Bitcoin trade volume has returned with a fomo blast of buy volume and price is up almost 9% in the last 24 hours to just under 7k. ETH and EOS are keeping pace with the growth and Ripple is outpacing a little, up almost 11% on the day. Other coins on my ticker are up moderately between 3 and 7% across the board. Lumens, up almost 9%, leads the Poodle Race of entertaining alts while 0X cools off in last place, only up 1% on the day.

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T&A today brought to you by the OG @broncnutz who seems to be a little down after the football on the weekend. https://steemit.com/sports/@broncnutz/broncos-get-the-ram-horns-in-mile-high-gurley-is-a-monster
All of a sudden, the daily chart is looking delectable with the spike in trade volume and nice price action. I absolutely nailed the early correction prediction on the STOCH (before it got to 0) but completely botched the direction of the price action leading up to Monday morning. The big spike got flattened a bit because it had to chew through many limit orders and traders making the most out of the spike. With a cross upward on the MACD today and plenty of room to increase on the STOCH, I don't think we are close to being done. We should head at least above the 7k mark which is where the 2 and 7-month resistance lines meet, and realistically to the last high of 7,430. Let's go FOMO bulls!

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Bonus T&A brought to you by one of our music composers @sequentialvibe working on his 7th album https://steemit.com/dsound/@sequentialvibe/20181015t014836789z-distortion
Since Ripple has had some action in the last month and I find it easier to sell and take profit, I am looking at the 24-hour chart. Buy support lingered in oversold/undervalued a little on the STOCH and has corrected up 1/3rd of the way. I am just wondering if it will have the fuel to make a cross on the MACD for a continuation of the pump. If so, we could realistically head back to $.61 or even $.65 where I will be eating some popcorn to see if sentiment pushes the price up to the last high of around $.80. Bitcoin may continue to steal the trade volume and throw some water on the growth of Ripple so I am setting bullish but conservative limit sells in profit.

Coin of the day


Source/News: https://www.ccn.com/total-ban-on-crypto-exchanges-unnecessary-hong-kong-regulator/

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