CryptoPub Daily - Launch the week off right
Good morning CryptoPubbers and welcome to the joint where, if you are found here early Monday morning, it doesn't mean you have a problem! Virtual beer and crypto is good for you.
This morning we are looking fairly stable with BTC right about where it was yesterday. Notable exceptions are Bitcoin Cash up 20% to $1,425! and Bitcoin Gold up 15% Maybe shillers pumping so those coins can catch some of the selloff money from BTC when it corrects? Eth is Ething along at 3% up and ELF has caught up and taken the lead in my Elf/TRX/ZRX/FUN race.
Today's T&A brought to you by our homie @overkillcoin who really does classy up the place and has some calamari ready for a paint job https://steemit.com/art/@overkillcoin/art-voxel-squid-part-1-of-2
When we look at the 12-hour Bitcoin chart (each candle is a 12-hour period) for a 5-day projection, we see the wiggling in the end of a bearish rising wedge. There has been solid trading volume and the Bull's nice bounce/pump was immediately answered by the bears with a bit of profit taking. Seeing as we have been in overbought territory for a solid 10 days and going to break one way or another out of the wedge, I would speculate down.
How far? If it bounces back at $8,500, we are still solidly in Bull territory. $7,500 would be a more likely correction down to bear for a fight back up, and $6,800 as the long-shot but still possible.
I hate being the BEARer of bad news and hope for the HODLers I am wrong. If not, the traders and I will make a few bucks on the bounce and buy you a round.
Coins out of the gate nicely to start the week include:
- Request Network (REQ) - ETH-based pcrypto payment request platform - https://request.network/#/ https://www.tradingview.com/symbols/REQBTC/
- Bitcoin Cash (BCH) - That Bitcoin fork that spawns religious debates in bull markets - https://www.bitcoincash.org/ https://www.tradingview.com/symbols/BCHUSD/
- District0x(DNT) - ETH-based decentralized markets and communities - https://district0x.io/ https://bittrex.com/Market/Index?MarketName=BTC-DNT
Personal Trading Strategy today - Try and stay liquid on exchanges and avoid red knives, Scalp some BCH on this volume, Hedge a little out of ETH...just a little
Can't wait for Tuesday's air drop and I heard we are having pizza jalapeno styleeeee at the pub!
Oooooo! Forgot to mention. Big news coming on the CryptoPub Airdrop initiative today and the Tuesday airdrop.
Please consider funding to help the next phase!
https://fundition.io/#!/@vanessav/kud5jeibl
Afternoon! Busy morning here but just catching up now.
HODLing my fiat and ETH as ordered!
I need to get back to the pub. That pizza sounds amazing!
I think the canuckian cryptopub chapter assembles on Tuesday afternoons. You should knock off your big corporate job and head there. Let me know how good the pizza is!