Good Morning Cryptoholics and TGIFF! (extra F in there on purpose for some of us I bet)
A slight recovery in the market in general and as goes BTC, as goes the market. EOS is leading the way in the lst day on the coins I follow as confidence has not lead to FOMO back into BTC. ETH doing nicely in spite of the market and so is ZEC which is an equihash/claymore dream (sarry....miners inside joke.) As much as it pains me to say, may be time to put $100 of the altcoins we have on the exchange into XRP again for a swap when it goes up.
Your daily T&A brought to you by the pints that you should be sharing with friends at the end of a long and successful business week. Back with BTC as the daily T&A as everyone holds their breath and their FIAT in anticipation for discount coins, or FOMO.
We have been bouncing off support that stretches back to late November which is good/bad. Good because it means that support is strong, but bad because strong support broken means for healthy drop. BTC has liked to hit resistance a couple (usually 3) times before breaking through and it has only been there once. If not for the drop a couple days ago, the STOCH would look a lot better but it really has to stay strong in order to nut push us below support. The MACD needs help too as it is trending down over the last week, but not down enough to reverse and threaten a cross upward which would spell good things.
So, The magic 8-ball says, "Unsure, check back on the 18th" (maybe not coincidentally the month anniversary of the CME open for BTC futures trading. Buy ETH and get some of that year end bonus money ready in case we break the support and head to 10k.
Need your help! I am going to try and find the time to put together a daily noobie's guide to transitioning from Crypto-investor, to capable trader as I get asked all the time where to start and what to do. I would like your feedback and input as we refine and simplify the message so that all Steemians can benefit and prosper with Crypto. I am looking at you @dividendgrowth, @zekepickleman, @cryptotem, @broncnutz, @dineroconopcoin and the rest of you market geniuses!
You gottit sweetcheeks. Hopefully I can contribute and help as much as I will probably learn from the exchange of knowledge/perspective.
I have my FIAT and my brain ready for the 18th now!
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Right on!
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Thanks for the analysis! Good morning luv!
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<3
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Good morning
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<3
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Great work! I look forward to the newbies guide! Question...which exchanges other than Bittrex allow you to trade into a holding account that is fiat?
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Good question. Pretty much all of them I have seen in some respect. EVERY exchange will have alt/coin to BTC pairings (meaning you are swapping from BTC to each of the alt coins) and most I have seen have a USD(T) pairing. Some of them use USD, and some of them use USDT which is potentially a little shady.
I will have to go into more detail for the new crypto-pubbers so they understand the risks and precautions so thanks for the question as it is very important.
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Is https://www.cryptopia.co.nz decent?
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https://steemit.com/cryptopia/@laconiclies/the-closure-of-dogecoin-and-litecoin-that-made-cryptopia-rich
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Good Morning!
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