Cryptopub Morning Market Digest

Good morning crypto-snipers.

This morning, Cryptos are waking up with red eyes as we are correcting presently to the 10k level of BTC (as shown by the photobomb by the red knife on the ticker.) Alts are following suit as we see how low we can go. It seems in periods of consolidation (sideways action with prices staying near a relatively same level) that Alts follow suit, then outpace BTC. When the dips happen, they are at exactly the same across the board. Hopefully you had some good limit orders set and you manage to scoop the bottom.

Today's T&A brought to you by @briggsy and his daily bitcoin blog that is packed with info.
https://steemit.com/bitcoin/@briggsy/briggsy-s-bitcoin-blog-monday-january-29-2018

I have switched to the 3-hour chart as it seems to most accurately show the state of the market. There is no doubt we are in a 2 day down trend as we have zigzagged since the bottom 12 days ago. We just have to speculate how far we go. The downward channel will have to get extra long to reach the significant 10k level but definitely not out of the question because of the room to go down on the MACD and the bottom of the STOCH. The largest drops happen at the bottom of the Stochastic relative support index when the buy support fades to zero and the sell resistance is falling to match. Buckle up and lets see where the real support is.

Coins catching my fancy today:
**Smartcash - ** Up 6% on BTC, https://coinmarketcap.com/currencies/smartcash/ , https://smartcash.cc/
**Vcash - ** Nice daily gains and supporter of decentralization https://bittrex.com/Market/Index?MarketName=BTC-XVC , https://revex.co/vcash/
**NEO - ** https://neo.org/ Resilient https://coinmarketcap.com/currencies/neo/and their DEVCON is today -

Current trading strategy - Buy some bollinger band out-liers at the bottom of STOCH for some quick bounce scalping, get back to 75% Fiat in profit ASAP.