CryptPub Daily - Boxing Day Special

in #cryptopub5 years ago

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Good afternoon CryptoPub! Limited hours as we enjoy our holidays but we have time for a quick drink and a check on the crypto!

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This morning, trade volume is a little low as expected and Bitcoin is hovering right about where it did yesterday at $3,863. Ethereum is doing a little better, up a half a point and inspiring grampa ETC which has jumped out 10.5% from yesrterday. Monero, Ripple and Litecoin are a bit slow on the uptake and are down a touch from yesterday. In the Clown Race, we have Tron out in the lead up ~3% with the most trade volume while FunFair is in last place, down a point and a half on the day.

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T&A today is brought to you by my old friend @wakeupworldnews who stopped by for a pint on Christmas eve and should post more in the new year! A quick check on the 12-hour chart is in order as we are down out of overbought on the daily chart and falling slowly towards a bounce somewhere. Trade volume has dropped off expectedly and Bitcoin has found a little short-term support around the $3,800 level. A good strong cross downward on the MACD brought us down from the local high and we are now skidding on the bottom of the STOCH support index as traders are most likely letting a couple days pass before getting into it again. With a little uptick, we could return to the median Bollinger Line around the 4k mark but I wouldn't expect much movement under this low volume unless a bunch of unattended stop losses get triggered.

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Source/News: https://www.coindesk.com/crypto-is-down-so-why-am-i-smiling

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Happy holidays! A pint for me on my day off!

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