Cryptopub Weekend update with Michael Che and Colin Jost!

Good morning Crypto-Enthusiasts and apologies for going all SNL on you in the title!

Feb 3 ticker.jpg

The bar was set pretty low over the last few days but it is still nice to see a green across the ticker this morning. BTC up from the local bottom as are all of the other coins I watch daily. I say local bottom because there is speculation that it will drop well below 8k and my rose-colored glasses (that made me think 8k wouldn't happen) are not letting me believe that will happen. What is neat is how BTG, ZEC and decentralized GPU mined coins are recovering faster than BTC and even ETH which has lead the pack this month. RIPPLE/XRP joining the game again which it will most likely for the foreseeable future.

Feb 3 BTC T&A.jpg

Today's T&A is on BTC on the hourly chart and is brought to you by @honeydew2002 and the MUCH APPRECIATED support of the Cryptopub. Join la revolucion! https://steemit.com/steem/@honeydew2002/locomotives-telephones-computers-and-steemit-oh-my
BTC is bouncing nicely off the local bottom, as mentioned, indicated by the price of course but also because of the MACD Histogram above 0, the STOCH driving strong to +100, and the divergence on both on the 60-minute chart. Focusing upon the support line has become boring in the last few days so I will focus upon the resistance lines. These are the targets that will confirm we are recovering rather than just bouncing to profit taking and plunging to a new low.

Feb 3 BTC T&A2.jpg
Red X - Not out of the woods yet. Yellow X - You can exhale a little and should probably take profit. Green X - either a huge red knife or giant green male phallus. (I hear @parabyte enjoys these as much as I do ;)