CryptoPub Daily Social - Friday Funday!

vanessav (57)in #cryptopub • 8 years ago

Good Morning Cryptopubbers and welcome once again inside the pub where the BlockChain Brew is on sale, and we accept crypto as tips! This morning, I am taking a look at the charts with my baileys and coffee before prepping the pub for the Friday Jam so get your songs ready for later on!

This morning, compared to last, we are about as flat as a pancake can be. Single digits down from this point yesterday which equates to a swing of ~ $66 for BTC, $7 for ETH, and just over $3 for LTC for scale. A few lesser coins are a little up and ELF is leading the Elf/Tron/OX/Fun race this morning.

T&A today is brought to you by @riskdebonair who is showing us how to easily register our EOS tokens https://steemit.com/eos/@riskdebonair/i-registered-my-eos-tokens-today
Flipping back to the BTC daily chart (candles represent a 24-hour period) is generally what I do when I want to see where we are, and guess where we will be in a couple weeks time. It doesn't help too much for the short term because you can see each day we go up and down hundreds of $ and the STOCH hardly moves.
Overall, we are at the bottom of the Stochastic Relative Support Index which means BTC is oversold and undervalued.......the question is whether it will bounce off the 0 line and come back up, or skid on that line and drop down to $6,000 (very reasonable and where the lower Bollinger band is). The encouraging bits here are that we have LOTS of room to go up before a correction is imminent, the MACD looks as if it is about to cross (meaning a nice multi-day pump) and with any concerted effort and confidence, we can head back up to almost 8k fairly easily. If we were to flip to full bull, we could see $9500 (top bollinger line) but I am not betting the farm on it just yet. It MUST happen at some point though!