CryptoPub Daily - Hanging on by a thread!

in #cryptopub6 years ago

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Good afternoon CryptoPubbers! I am slowly getting back to form and should be settling back into the daily pattern of pouring drinks and discussing crypto with y'all. For now, a quick peek at where we are as 2019 throws down its roots.

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Volume is really low in the last day as Bitcoin is down a modest 1% from this point yesterday to ~$3,900 USD. Ethereum is again taking advantage of low BTC trading and is on top in volume as well as up just under 1% from yesterday, as is Litecoin and ETC. Bitcoin Gold, Ripple, Dash and ZEC are down a touch more under similar low volume. In the Poodle Race, ELF is the pride of the fleet up 2.5% while 0x Protocol (ZRX) is down about 2% in last place in daily growth.

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T&A today brought to you by the OG @broncnutz shining a light on @thedarkoverlord https://steemit.com/dtube/@broncnutz/6z2abufm MOONSHOT!
Besides the lower volume and sideways price action, there are plenty of other signs of indecisiveness on the daily Bitcoin chart. On the STOCH on the bottom, there have been a number of small corrections back up a touch to pause the downtrend and we are again in the middle of buy/sell sentiment. The MACD is a bit weird as the cross up at the beginning of December didn't produce much of a pump, and a cross down has been avoided since. Price has strengthened the almost month-old support line 3 times now yet we are closer to breaking that than the 45-day resistance line. I am biting my nails watching the MACD and signs (a little longer term than the 3-hour chart) of gaining some ground on the support line. If it breaks, we should be headed to $3,600 and beyond quickly.

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Source/News: ATH! https://www.newsbtc.com/2019/01/04/big-predictions-for-2019-bitcoin-heading-for-new-all-time-high/

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