Good morning Cryptopublichouse Patrons!
Nice double digit recovery continues for now as BTC had a nice green dildo around midnight and drew all the greedy folks from crappy XRP which is down a touch on the 24 hour. Eos and Neo have become fairly consistant second tier alts and have developed a life of their own while the market recovers. The real winner is my secret love Monero (XMR and its mysterious anon transactions and decentralized allure) which is up almost 20%, and its sidekick Dash should close the gap as this continues.
Today's T&A brought to you by some new pubgoers who have been voting and commenting and contributing to good content and conversation lately @samarijack @parabyte, @anjalireddy, and my m8 from downunda @jagged.
Taking a look at the 6-hour chart on BTC, there is a nice little bull flag forming right next to resistance so it will be interesting to see if it can break through. The STOCH is a bit oversold right now signalling a short term drop but the MACD is showing good average numbers and isn't signalling a downturn just yet. We might be in a huge 45-day old bullish Descending Triangle but I would like to see a couple more hits on support and resistance before I am confident in that. This also means that a testing of support again would mean the possibility of 10k BTC (and the skies falling and the clown car sell off when normies panic) but it is not looking probable just yet. My opinion is to keep your head on and not go 100% into crypto with your trading fund just yet. Ride the predictable ups and downs of the 15 minute and 60 minute charts on this consolidation and prepare for any eventuality.
Also worth noting, the real day traders are probably hoping for a nice bounce off 13k so they can open some big-girl long positions from the next daily dip.
Coins I am watching this weekend include:
- Waves https://bittrex.com/Market/Index?MarketName=BTC-WAVES (Search out @brwaves and @cryptotem for some good insight)
- ICN - https://www.binance.com/tradeDetail.html?symbol=ICN_BTC
- OX - https://www.tradingview.com/symbols/ZRXBTC/
Just in case, y'all are some tide pod chewing yokels, remember I am not a seasoned millionaire with a lock on all these concepts and just like to shoot the shit over a drink or 2. Lets learn together and share our victories!
BLOCKCHAIN EVERYTHING
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Yes!
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yesss
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My name is Zeke and I am a cryptoholic!
Good stuff once again. Upvoted.
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Me too!
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I LOVE IT WHEN A CRYPTO PLAN COMES TOGETHER!
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Face and Murdoch say hi!
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yep !! I've hold tight my coins in the dip and as a result I could get some profits now ;)
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There are lots of information in your post Hope everyone read this post
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I've been busy, not watching the markets. I nearly panicked, but your analysis calmed me a bit!
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Beer will calm you the rest of the way!
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