CryptoPub Daily - Roller Coaster Time!

in #cryptopub5 years ago

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Good afternoon CryptoPub patrons! There is a little bustle as drink specials are great and there is a big of a correction happening leading to discount Crypto despite rising good news.

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There's the correction we have been waiting for as BTC volume has awoken a little, and price is down 9.5% on the day so far presently around $3,700. Alts are swinging even lower which is the general trend in dips including Ethereum, EOS, Litecoin, Dash, and NEO down over 16% on the day. Bitcoin Gold is only down 8.5% presently under low volume as traders cash out to buy in again lower. In the Poodle Race, TRON and 0X Protocol battle for the lead, down only 13.5% while ELF is taking it the hardest, down almost 20%.

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T&A today is brought to you by @ryan313 catching a shooting star on TRON/BTC https://steemit.com/trx/@ryan313/tron-textbook-shooting-star
I am glad I hedged out around the $4,100 level and am looking at the daily chart for the medium term view of where price will go and when to buy in again. I extended the resistance level I had starting on the spike October to see where it connected with past price levels and it ended up being right at the ATH so we have validated that now for the 4th time. It has been 4 full days of increasing sales pressure though we are at support levels (last low, Lower Bollinger Band, and on the STOCH. Though I think it might slow, we should be VERY cautious as volume/volatility will be up and we are about to cross down on the MACD with plenty of room on the STOCH to drop. Hold on to your butts and prep your FIAT!


Source/News: Dip before surge! https://www.ccn.com/bond-king-jeffrey-gundlach-sees-an-easy-25-gain-in-bitcoin-price/


Source/news: The Russians get it! https://cryptodaily.co.uk/2019/01/russia-on-verge-investing-10b-bitcoin

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