CryptoPub Daily - Week Wrap-up
Good afternoon CryptoPubbers and welcome to the down-tempo Friday where we just dance to a different beat during corrections.
Volume is still low to start the afternoon and end off the week as Bitcoin is down about a point from yesterday to just over $6,400. Bitcoin Cash, Dash and 0X continue to correct a little harder from their recent pushes but ZEC is continuing its recent rise and taking Ethereum Classic with it into the green. In the Poodle Race, the aforementioned 0X (ZRX) continues to trail down over 5% as Lumens and ELF battle for first place and to stay even on the day.
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The daily chart is a bit worrisome for HODLers and the 12-hour Bitcoin chart is a tale of 2 cities. The lingering on the top of the STOCH (support index) is done and the drop has pulled prices down out of the upward channel that started the end of Oct. Though it appears there is short term support around the Bollinger Median, I am not believing it as there is plenty of room to drop on the STOCH, and the MACD looks to be about to cross down which generally continues a drop. I have set a couple limit buys with the exchange FIAT I covet at the 4-month support line around $6,230 for a hedge buy in and will keep an eye on it this weekend.
Coin of the Day
- Auctus (AUC) - Blockchain investment and retirement solution - https://auctus.org/ https://www.tradingview.com/symbols/AUCETH/
Source/News: They have cheaper power up there or something? https://cointelegraph.com/news/canadas-dmg-blockchain-puts-85-megawatt-crypto-mining-facility-into-operation
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SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
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CryptoPub Discord: https://discord.gg/xc77Cyk
I’m going to call myself out and say I traded LTC all wrong last week. Sold for a small gain only to buy in higher to then have the position move lower on me.
Posted using Partiko iOS
Happens to the best of us. We win or we learn I have heard it said. Good thing about this market is that there is not very much FOMO to cloud our judgements.
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