CryptoPub Daily - May the 1st be with you
![cryptopub2.jpg](https://steemitimages.com/DQmY7VchmicvH6MiGRrYJmoeWAGUJuDi5Ur8wBXAKwgauXS/cryptopub2.jpg)
Good Morning CryptoPubbers and welcome to the bar where corrections don't scare us, and airdrops are in the air.
![May 1 ticker.jpg](https://steemitimages.com/640x0/https://steemitimages.com/DQmQGE98W5Wv5htDsiLMehdvC7CXYtPhMmWVXdNzzsRMjWc/May%201%20ticker.jpg)
The correction has resumed and we are down fairly modestly on BTC at 4.5% on BTC and that level for many other coins. Zec seems to be holding on a little better at 2% down and there is a cluster around -8% with Bitcoin Gold, Iota,ETC,BCH and Neo. EOS and QTUM seem to be hit the hardest at -11% but that is just EOS correcting from recent parabolic growth. In my clown race, ELF is the clear leader up ~5% and the rest down over 5%.
T&A today brought to you by @epan35 wisely advising us to take some chips off the table to capitalize on the correction. https://steemit.com/bitcoin/@epan35/two-fascinating-articles-this-week-two-countries-switzerland-and-venezuela-and-icos
When we step back to the 24-hour Bitcoin/USDT chart, it looks a lot less up and down and just like the arcing top of the STOCH prepped to come down. The nice channel upwards since the beginning of April was bound to break down at some point and price crossed support solidly down to an overnight low of ~$8,800. The scary thing (unless you are mostly FIAT on exchanges like I am) is that we haven't even crossed downwards on the MACD and that hasn't happened since March (when it dipped to $6,400) A bearish correction is natural though and not need for panic as a normal retraction to 8k would be completely healthy right now if it doesn't go below that in the next couple days.
Bonus T&A brought to you by @masterthematrix who resteems great stuff, should post more so I can upvote him, and will be ready for the airdrop today https://steemit.com/@masterthematrix
Since I am looking for a good re-entry on EOS for a HODL til June when the main net opens, I will take a look at the 12-hour EOS chart. There has been very nice volume over the past week and a bit as the price rode the top Bollinger line and hasn't dipped out of overbought since the initial pump on April 4th. A correction back to $15 (Bollinger median) would be almost guaranteed and a further correction to 12 would be completely reasonable correcting from Parabolic Growth. The daily chart has a bearish return to $6 on the radar but I really can't see that happening. You know where my limit orders will sit over the next few days (33% 15, 33% 12, 33% 10) and I don't expect to hit them all.
Inside Jokes- My Clown Race: I had never heard of ELF, Tron, FUN or 0X until they appeared and promptly went nuts late last year. I compare them each day since as it seems one of them is rising while the others follow or drop. It kinda reminds me of those mascot races at the baseball games.
Coins not quite making for the exits yet include:
- Decentraland (MANA) - ETH-based virtual reality platform - https://decentraland.org/ https://www.tradingview.com/symbols/MANAETH/
- Ignis (IGNIS) - Ardor blockchain child currency - Today's pump and dump? https://www.jelurida.com/ico https://bittrex.com/Market/Index?MarketName=BTC-IGNIS
- Verge (XVG) - TOR and IP2 protocol privacy coin - https://vergecurrency.com/ https://bittrex.com/Market/Index?MarketName=BTC-XVG
Personal Trading Strategy today - Mull over my limit order levels for EOS, LTC, XLM and BTC, watch Monero for a jump for a swing sell.
Source: Coindelite.com
![](https://steemitimages.com/640x0/https://steemitimages.com/DQmX32uHBqeeUZQLyb5trwbwAY2tdKQSDnASSVfandpt1aL/image.png)
Source: lolmaniaclub.com
Please help fund the CryptoPub Airdrop initiative through a donation to one of the following addresses! We also accept alt coin donations that can be used in the Airdrop!
Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
I’m like EOS on a further pullback.
EOS at 12-15 would be a nice opportunity. Thx for the info.
Thanks for dropping by!
Yes I would almost bank on 15 as a ride that long has to correct at least to the median Bollinger line. 12 is more of a longshot so I will hedge in and save some FIAT in case it makes it that far.
Woohoo airdrop day! I am ready!
Party on V!
Party on P!
That Brad Pit framing is messing with my OCD!
Happy drop day! Sticking around the computer to scoop up whatever goodness you have in store.
Fuk, #metoo!
This post has received a 31.37% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
Interested to earn daily? Delegate Steem Power to receive 95% payout rewards. Use this link https://on.king.net/shares to delegate SP to @Shares. Join us at https://steemchat.com/ discord chat.
Support my owner. Please vote @Yehey as Witness - simply click and vote.
Well thank ya @shares! ;)