CryptoPub Daily - Monday Blues

in #cryptopub5 years ago

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Good Monday Morning CryptoPub! Lets not let the bearish action put a damper on our week and get ready to celebrate with some discount bitcorns later on this week!

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Monday is bringing the dip as trade volume has awoken a little and Bitcoin is down almost 2% from this point yesterday to just under $6,400. Most alts are taking the news a little harder and down between 3 and 5%. On my ticker, Monero is holding on the best so far and Litecoin is down the most at a bargain under $50. FUN is leading the Poodle Race, up 5% while ELF is in last place, down 7%.

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T&A today brought to you by @drewley who is poking Bitcoin with a stick so it will wake up and make trading great again https://steemit.com/bitcoin/@drewley/i-wish-bitcoin-would-do-something
Looking at the daily bitcoin chart where each candle represents 24 hours of USDT price action, we can see where we are a little longer term. The bearish wedge fulfilled the prophecy and price broke down out of the bottom in a little uptick of trade volume. As is typical, the largest moves happen in the bottom and top 20% of the STOCHASTIC support index and we may not be done yet. It is encouraging that dropping to the oversold portion of the STOCH has only resulted in only a reduction in the price of $600 but we should not be done yet. I have optimistic and realistic stars set for targets and am VERY excited to see what kind of bounce happens at the bottom......whether or not we are going to head into a Novembull in style.

Coin of the Day


Source/News: https://coingape.com/bitcoin-ethereum-xrp-and-crypto-market-outshines-global-stock-market/


Happy Halloween @overkillcoin!

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