CryptoPub Daily - Better times!

in #cryptopub6 years ago

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Good morning CryptoPubbers! It is a GREAT day out on the patio and weather is looking good in cryptoland too.

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A smattering of green on my ticker with relative sideways action in the last 24 hours as Bitcoin is up just over 1% to $6,700.GPU-mined coins ETH, ETC and Bitcoin Gold are down a touch while their brother Monero is up almost 6% to $136. My Clown Race of entertaining alt alts (ZRX,XLM,TRX,ELF and FUN) is being modestly lead but Tron this morning with 0X down 4.5% hung over a bit from a few days leading the race.

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T&A brought to you today by @overkillcoin who continues to entertain with his bulls vs. bears doodles https://steemit.com/art/@overkillcoin/bull-vs-bear-mcdowntrends-fast-fud
Looking at the 12-hour Bitcoin chart, I am reminded that I tend to see Cup & Handle patterns in many corrections out of bear runs. Basically, there is a long lead up, a good drop with a circular bottom, it gets back up to the point of the initial drop, dumps down to form the handle, then takes right off. We have respectable volume, seem to be correcting down at the right point on the STOCH, and may linger in the overbought portion of the STOCH as the 12-hour has done lately. We shall see! The 24-hour chart is not in overbought yet so there is room. Grab a brew.

July 17 XMR T&A.jpg

Bonus T&A brought to you by our friend @slobberchops as he spreads the word of Porcupine Tree https://steemit.com/music/@slobberchops/my-discovery-of-steven-wilson-and-porcupine-tree-eae830e2c539fest
The daily Monero chart is looking very interesting as well with its own potential cup and handle forming. Thenice buy volume in the last few days has answered the bigger sell of last week, powered a MACD cross upwards on the daily, and has brought us cleanly out of oversold on the STOCH. There were probably some very happy and surprised scalpers on June 23rd and July 10th with those big spikes and anyone who snagged some $85 Monero is probably about to double their money in about 10 days if we pump.

Coins already with a seat on the patio include:

Personal Trading Strategy today: Snap up a few more sub 8$ EOS and sub $500 ETH, keep an eye on ETC for a spike, watch for confirmation or break of the cup & handles.


Source: https://www.ccn.com/worlds-first-bank-owned-cryptocurrency-exchange-launches-publicly-in-japan/

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I dint unsterstand on these graphs right but the main thing is now the prices are rising towards the peek

Heehee it is quite simple and I make it seem hard.

I watch the longer term charts for an upward cross of the MACD average for a pump. Plus, when the Stochastic RSI is low, it bounces up. when it is high, it corrects down and the price with it.

I take it for granted because I learned a while ago and happy to answer any questions so you know what I am talking about and can predict likely movements.

Ask away!

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