CryptoPub Daily - here comes the weekend!

in #cryptopub6 years ago

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Happy Friday CryptoPubbers. Time to take a peek at the charts before the weekend and share a little of our own music https://steemit.com/cryptopub/@vanessav/4osas7-crypto-pub-friday-dj-jam-is-starting-post-your-favorite-videos-and-get-paid-usdusdusdusdusd

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Bitcoin trade volume cooled off a little in the last day and it is up a half point to just under 7k from the little dive it did yesterday. While EOS is still doing well up 4%, ZEC is down the same 5% and most of the other coins I watch daily are about even. The exception is Monero which is up over 9% at $107 after reaching $111 overnight. In the clown race, ELF is up 2.5% in first place, while FUN is down 2.5% in the rear with Tron, 0X and Lumens somewhere in between.

Aug 31 BTC T&A.jpg

T&A today brought to you by @stevec who is introducing us to some more great STEEMit musicians and content creators https://steemit.com/music/@steevc/follow-friday-latin-rhythms
I am still zoomed into the 6-hour Bitcoin chart as the daily one has not changed too much and the 12-hour one is still headed steadily to the bottom of the STOCH. Bitcoin did bounce nicely off the bottom of the support index and pump back up to 7k which is signified by the rise in the blue STOCH line on the bottom. Volume is petering off towards the weekend like it generally does (perhaps more so over the long weekend?) and the increase didn't show enough power to cross the MACD back up. I feel we are going to continue the trip down with the next stop being $6750 (Lower Bollinger and 2-week support) and then on to $6,500.

Aug 31 XMR T&A.jpg

Bonus T&A is brought to you by the OG @broncnutz trying his luck at the newly installed slot machines https://steemit.com/casino/@broncnutz/anyone-ever-win-bigws0dyrw4
Monero is worth looking at again with this pump and the 12-hour is telling a good tale. The drop below $100 and on the STOCh was answered with some nice buying action which reversed the correction. After the break of the long-running resistance, we are just below month long resistance and have room to grow to the top of the STOCH. If there is another day of good trade volume, we could see a reaching or breaching of the 2018 resistance at around $120 and beyond if the break is strong. Watching this closely as I force myself to take 50% profit when I can.

Coins hiting the dance floor while others slow down include:

Personal Trading Strategy today: Convert a little more Doge into BTC,Hedge sell of Monero and limits set to sell more at $120 and $131, Look for a good z-classic sell point.


Source: CryptoPost.com

News of the day - Buy the rumor (sell the news) https://bitcoinexchangeguide.com/founder-of-vechain-vet-hints-at-possible-bmw-and-renault-partnership-causes-price-spike/

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