CryptoPub Daily - Bull/Bear fight!

in #cryptopub6 years ago

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Good afternoon cryptopubbers and please feel free to pick up your bitcoin pom-poms and join us in cheering the charts.

Aug 16 Ticker.jpg

Looks like a bloodbath across the ticker but it is not that bad and the T&A will tell you why I think so. Bitcoin is still trading big volume as the bulls buy from the bears and support is building up over 6k. Litecoin and NEO, some good old skool alts are not doing as well today, down around 6% and ETC has jumped out of the gate first as usual. Again, one of my Clown Race of popular new alts is killing it today as FUN is way out in front (18% growth in 1 day) as the rest are in the red as far as almost 7%.

Aug 16 BTC T&A.jpg

T&A today brought to you by @crypto2crypto who gives good crypto advice here at the pub https://steemit.com/crypto2crypto/@crypto2crypto/stay-strong
Lots going on in the daily Bitcoin chart where each candle represents a 24-hour period. Yesterday was very interesting as there ended up being huge volume that closed price below $6300 in a bearish candle with the huge wick. The 3-week resistance became support this morning as the bears were overpowered a little and we are on the rise. With this sideways action, we are creeping towards an upward cross on the MACD which is often accompanied by a nice pump. with so long oversold and undervalued, and the room to grow on the STOCH, I am conservatively eyeing the 7k mark (right where the median bollinger line is) for a hedge sell, and you can see my stars where I have the incremental sells set. The popcorn zone (if we bull run that far) will be above 8k as that is the resistance line set back in February when it was snowy and the depression was in full swing.

Aug 16 ETC T&A.jpg

Bonus T&A brought to you by @riskdebonair who is artistically raising awareness for PTSD https://steemit.com/art/@riskdebonair/creating-a-character
ETC continues to be very fun and profitable to scalp so I am looking at the daily chart for my exit points. That dip to 10$ was too sweet to pass up even though we were in the fits of crypto depression. If you had strong hands to hold on to $21 and hit the bottom, you basically were in the position to double your accumulation of ETC. I have a hedge sale set for $15.5 (to satiate my conservative side) and another set for 18.99 for my aggressive side, and one last one set for 20.5 which is somewhere around where the 5-month resistance line is.

Coins joining in on the pom-pom cheer squad today include:

Personal Trading Strategy today: Convert some ETC into BTC now, and limits set to sell to FIAT later, Lumens buy in, Litecoin and Monero limit buys set.


Source: https://www.ccn.com/theres-still-no-bitcoin-etf-but-u-s-investors-just-got-a-consolation-prize/

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Man I REALLY have to earn some more FIAT to build up my trading fund and get in on this fun ETC stuff.

Beer me!

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