CryptoPub Daily - Flat Humps

in #cryptopub6 years ago

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Good afternoon Cryptopub! We have reached the middle part of the work week without any fireworks and are hopefully returning to normal. Liquid lunch?

Sept 19 Ticker.jpg

A big decline on trade volume and small decline on price today as Bitcoin is down half a point to $6,300 and has caught up to ETH in volume.Most coins are down around 3% except Bitcoin Cash which is down 5% to $424 and ZEC which is up a half point to $113. The Clown Race involving 0X, Tron, Lumens aElf and FunFair is being lead by FUN today, up a point and a half while ELF,ZRX and XLM are down over 3%.

Sept 19 BTC T&A.jpg

T&A today brought to you by @overkillcoin who is battling bears AND fireants! YICK! https://steemit.com/photography/@overkillcoin/-lets-kick-a-fire-ant-hill-
Despite the lack of power in the consolidation, the 6-hour Bitcoin chart doesn't look too bad. Having corrected from such a long period overbought and overvalued on the STOCH, a quick bounce back out of oversold is bullish. If there is to be a return to trade volume after a relatively sleepy week, we have plenty of room to grow on the STOCH, the MACD is looking to cross upward, and we could be headed back up to the upper Bollinger band around $6,600. I can't see any real resistance between there and $7200 so here's to a nice, unimpeded bull run?

Sept 19 ZEC T&A.jpg

Bonus T&A brought to you by pub regular @slobberchops who is never too old for death metal https://steemit.com/music/@slobberchops/death-metal-and-middle-age-does-this-work-03c840b5e129est
The newest lines I had on my ZEC chart were 3 months old so I had to draw some new ones to catch up with our old friend on the daily chart. The big red and green spikes have subsided and some support seems to have been found at around $105 (as it had at $150 and $125 over the summer.) This big downward bullish wedge has to break up at some point and there is reasonable resistance points at $125, $170, and $200 to overcome. The MACD crossed down and immediately back up which generally spells a nice pump and there is plenty of room on the STOCH for a bullish run and nice increase.

Coins making like the ZCash and pumping today include:

#Personal Trading Strategy today - Pick up a bit of ZEC with BTC (and ETH) cash in a little more Ripple to BTC, cheer for ETC to get rid of my bags.


Source/News: https://www.ccn.com/enough-feeble-warnings-regulate-wild-west-crypto-market-uk-lawmakers/

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It kinda feels like everyone is catching their breath and ready to jump right in and moon this thing! Either that or I may just need another beer.

Both?

I’m ready for a good bull run and an ice cold beer.

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