CryptoPub Morning Pub Primer!

in #cryptopub6 years ago

cryptopub3.jpg

Good morning Pub Goers and please remember not to drink and drive......or crypto.

March 7 ticker.jpg

This morning, the fore-casted modest price correction continues as many of the alt coins are mimicking BTC with a drop of about 5%. Some of the lesser alts are taking it a little harder signalling some sell off in anticipation of a continued drop in price across the board. Monero has its nose above water right now and EOS is taking a pounding comparatively.

March 7 BTC T&A.jpg

T&A brought to you today by my mainstay @wakeupworldnews and a good objective look at blockchain! https://steemit.com/blockchains-contest/@wakeupworldnews/blockchain-freedom-or-enslavement-e71d9fcea469c
On the 12-hour BTC chart, you can see we broke down out of the bearish wedge, and then broke the support line coming from that local low. There was a strong cross downwards on the MACD and trade volume has increased a little as we correct back down on the STOCH towards oversold. Again, we will as how low will we go?

March 7 ETH T&A.jpg

Bonus T&A brought to you by a pub-goer who found this sobering gem! https://steemit.com/informationwar/@richq11/it-couldn-t-happen-here-a-government-in-name-only

On the ETH chart, we broke downwards out of the consolidation channel and dipped back down to the magic $775 price which has proven to be pretty strong support since January. I didn't draw a Specu-Line because we are on the bottom of the STOCH which should signal a bounce back up. Problem is BTC and the general market are tethered together and BTC has a ways to drop. If it does and ETH matches, we will break the very strong support line which leaves $600 in play. C'MON SUPPORT!

Coins ignoring the tyrannical overlords today include:

Personal Strategy today: look into Waves again, HODL fiat, wait for little bounce, get to 75% fiat if possible.


Sort:  

Someone has been creeping my comments! Hahah good stuff again.

Good morning!

Gooden morgen

God Mourning!

It’s definitely been an interesting day. Hopefully no one here was using a bot on Binance.

good morning everybody! red day, but I don´t care! Cheers....

need to get steemit on the phone... Cryptopub FOMO all day... hehe

My personal strategy is to just buy more crypto when we dip like this :D ( real world fiat )

Still waiting for that bull run everybody was talking about happening in march ><

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by thediggler from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.028
BTC 57178.77
ETH 3095.71
USDT 1.00
SBD 2.12