CryptoPub Daily - Weekend and long term look

in #cryptopub8 years ago

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Good morning CryptoPubbers and welcome to the joint as we prep for the weekend with a look at Bitcoin and music on the decks for a day of dancing into the weekend. https://steemit.com/cryptopub/@vanessav/4nzbfy-crypto-pub-friday-dj-jam-is-starting-post-your-favorite-videos-and-get-paid-usdusdusdusdusd

July 20 ticker.jpg

My ticker feels like a throwback to November 17th or so with bitcoin stealing the spotlight with volume (as much as the next 3 combined) and up on the day compared to alts at around $7500. The good news is that the alts and crypto went on a nice run right after that but are down4-8% today. Neo, Zec and Ripple are down a little bit more while GPU mined coins ETH and Monero are hanging on slightly better. Trading volume has fallen off on the clown race coins (ZRX, TRZ, XLM, ELF and FUN) as ELF has dropped to the back of the pack down 13% and FUN us modestly in the lead only down 6%.

July 20 BTC T&A.jpg

T&A today brought to you by @slobberchops who is inspiring your bartender to get back into steady running https://steemit.com/running/@slobberchops/running-journal-7-enough-is-enough-17a46bfdffd88est
The 6-hour Bitcoin chart is interesting again today as we watch the bull-flag play itself out. The STOCH seems to have dropped almost to oversold while price has stayed fairly consistent. The biggest moves happen generally in the top and bottom 20% of the STOCH RSI and we have just crossed down on the MACD which generally is accompanied by a correction downward. Here's hoping this is Bitcoin recharging on the 6 hour from a nice run up from oversold on the stoch!

July 20 BTC T&A2.jpg

Bonus T&A brought to you today by @briggsy who has collected a couple (25) critics https://steemit.com/steem/@briggsy/you-catch-more-flies-with-honey-than-with-vinegar
I am not sure if I have ever done this before but Bitcoin is taking over this last week so here is the weekly bitcoin chart (each candle is a week of price action.) You can clearly see we have fought our way out of Oversold on the STOCH and the last couple weeks have angled the buy support up. The exciting point for me is that where is not a cross upward on the MACD weekly since April of 2017 when I just learned about the existence of alt coins. Now that I see that getting closer, I will most likely torture myself daily rechecking it daily for a cross even though the next candle and period is every week. Remember that swings of 500 barely register on this chart and we may get some down action but a boom in trade volume could mean the return to 10k late summer/early fall.

Coins already on the CryptoPub dance floor shaking it include:

Personal Trading Strategy today - Scoop up a little Vertcoin and Siacoin with surging BTC, Keep FIAT where it is, start dancing.


Source:hempmeds.com
Brad Sherman flame war! - https://www.coindesk.com/congressmans-call-for-crypto-ban-sparks-social-uproar/

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inspiring your bartender to get back into steady running

I haven't got there yet, its torture I tell you.

Holy shit that weekly chart is a breath of fresh air.

I too am staying in fiat with small staged buys in case my friend @ryan313 is correct and we see 5200

https://steemit.com/redd/@zekepickleman/re-ryan313-redd-coin-will-explode-20180718t155459731z

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