Cryptopub Weekend Warriors

in #cryptopub5 years ago

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Good morning Cryptopubbers and congratulations on making it through another work week. Lets take a look at what is happening with Bitcoin this week.

Mar 23 Ticker.jpg

It looks like more sideways action on my ticker this morning as Bitcoin is down .3% from yesterday, at $4,050 under very low trade volume. OmiseGo is up 4 1/4% up and leading the 5 alts that are in the green on the day. In the Poodle Race of entertaining alts (ZRX/XLM/TRX/FUN/ELF) we have Tron leading the pack, up over 4% while Lumens holds last place, down over 2% on the day.

Mar 23 BTC T&A.jpg

The volume has been low but there are encouraging signs on the 24-hour chart. With the ups and downs of this relatively sideways action, the trade volume has been slightly more on the ups than the downs. There have been a few crosses up and down on the MACD and it hasn't gone nuts in either direction. We are also seeing a convergence of the resistance and support lines with the 50-day moving average, and the Bollinger lines are squeezing in which should make for a good breakout at some point with some volume. For this week, I see continued down with a bullish projection of holding the 4k line, and reasonable bearish dipping down to the 50-day MA at $3,900.

Source/news - Choose your exchanges wisely - https://coingape.com/trust-ten-cryptocurrency-exchanges-warns-bitwise/

When things heat up, we will return to the airdrop initiative for #cryptoPub followers. In the meantime, you can support the CryptoPub Airdrop Initiative through a donation to one of the following addresses. We also accept alt coin donations that will be given away in the Airdrop!

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I wonder if we will have an interesting summer? I am working on squirrelling away at least a bit of cash in case it dips down to insane levels. Otherwise this sideways action and strengthening of support will make for a nice strong bottom!

Cheers!

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