CryptoPub Daily Social - Friday fun-day jamday

in #cryptopub6 years ago

cryptopub2.jpg

Good morning CryptoPub Patrons and welcome to superfun Friday! I have good news, tales of caution, and a sale on pitchers as we kick the Friday JAM into motion early after noon (so watch for that post)

Feb 23 ticker.jpg

Well good gracious we have our third green Friday in a row. This is after a couple of butterfly-inducing red days but we will take it. BTC is a bit slower pace with under 4% 24-hour increase and ETH is outpacing it, making up some of the ground of the last couple weeks. ETC is flexing some muscles with the biggest gain on my radar and inspiring the rest of the coins to around 8% rebound from yesterday morning.

Feb 23 BTC T&A.jpg

Today's T&A is brought to you by my big friend @pharesim who needs to post more but we love his work lurking and supporting the CryptoPub. https://steemit.com/cryptocurrency/@pharesim/crackdown-on-crypto-debit-card-continues-mastercards-by-advcash-and-probably-others-to-be-revoked.
Looking at the 3-hour BTC chart, we can see a nice upward channel that started after bouncing off the bottom at the beginning of Feb. The low yesterday hit the line again and bounced a little to where it sits just over 10k. Ahead of the Specu-Line© I would normally be calling a bounce off the median Bollinger line as it normally goes in a bear market but the STOCH RSI has lots of room to grow, the MACD just crossed up, and the bulls are banding together a little more short term. I wouldn't put it past the whales to help pump it so that it hits the red resistance line so they can dump.
I put a couple buy zones on there as the one above the long ATH resistance line is not so far away but I suspect it is bulltrap ver. 2.0 and I will tell you why.........

Feb 23 BTC T&A2.jpg

Frankly, the 24-hour BTC chart looks scary AF. The MACD is about to break down (unless the bulls take over at the resistance line and are tired of this shit) and the STOCH is on its way down from overbought with lots of correcting to do. It is less scary if you can get your fiat ready over the next couple weeks because, this time, we will be fully prepped for a good long bull run. Again, just my opinion and I would rather be serving happy pitchers to the Crypto-Pub patrons happily buying the bottom rather than looking at double digit losses and waiting for a return.

Coins getting their songs ready for the afternoon jam include:

Personal trading strategy today - Cash out of scalp coins on the top of the hourly STOCH, set some low limit buys, pour some beers and take to the decks for the JAM!

Sort:  

huaaa.... good morning ! Sorry, I was away the last days ! Snowboarding in the alps ;)

Happy Friday! We hope that the crypto goes up so that Steem recovers

I am ready for the party and appreciate the sage words. Can't wait til cheerleader time and cheap BTC as well.

Coin Marketplace

STEEM 0.20
TRX 0.13
JST 0.030
BTC 64752.70
ETH 3455.13
USDT 1.00
SBD 2.50