Good afternoon CryptoPub weekend warriors and welcome to the joint where Citrussy Summer Ales are all the rage as we prepare for what should be an interesting Monday as the wage slaves return to trading.
This morning and into this afternoon, we are almost straight sideways as Bitcoin hovers near $8,200 on very low trade volume this weekend which I so deftly predicted yesterday! As traders wait and see what is to come and hopefully are enjoying the weather as I am, ZEC and Lumens are down a touch cooling off from a mini run. Tron is up over 8% to be the overall coin of the day and leader of the Clown Race which has ELF in last place, down over 4% to $.65
T&A today brought ot you by @masterthematrix who appears to be back behind his regular table posting and reseteeming and drinkin! https://steemit.com/steemhunt/@masterthematrix/gentle-deshedding-glove-removes-hair-from-cats-and-dogs
The 12 hour bitcoin chart hasn't decided on pump or continued modest correction so I am looking at the 6 hour for a closer look leading up until Monday. We can see the Bollinger Squeeze last week which caused the launch $7,400 to $8,500 and the sideways action since. Bulls were just not confident enough over the weekend to fuel a pump and cross that MACD and trade volume has dropped off as we coast through old support and resistance lines. If the 12 is to be believed, then the 6 will follow suit and continue the Stoch RSI reversal so it can pump from the bottom, The great news is the Weekly chart has crossed up on the MACD so we are ready for a last (hopefully smaller) correction and a real bull run.
Bonus T&A brought to you by @jennwyant who may have found an elusive creature! https://steemit.com/life/@jennwyant/ogopogo-2018-07-28-16-45-48
Looking for a change in chart, I felt dirty looking at the Ripple chart (looks like a great entry point BTW) and decided to check in on Clown Race competitor Stellar Lumens on the daily chart. It experienced the same Bollinger Squeeze and launch and has shown very nice short term bullish legs. We are correcting distinctly on the buy support on the STOCH and will most likely continue the drop to the bottom of that STOCH. Looking at the Bollinger lines for a prediction, just under $.28 correction would signal another bull run and a full correction to bearish would put us somewhere near the month old support line and lower Bollinger line around $.20.
Coins making a last run at the weekend include:
- Tron (TRX) - Decentralized Web media purchased BITTORRENT! - https://tron.network/ https://www.tradingview.com/symbols/TRXUSDT/
- AidCoin (AID) - Trackable and efficient payments for the charity sector - https://www.aidcoin.co/?lang=en https://www.tradingview.com/symbols/AIDETH/
- District0x (DNT) - ETH-based Markets and Communities - https://district0x.io/ https://bittrex.com/Market/Index?MarketName=BTC-DNT
Personal Trading Strategy today - Convert my handful of Zclassic to BTC, hedge buy of Ripple (YUCK!;) Hedge sell of Lumens with a couple limit buys set for Bolinger lines.
Source: https://medium.com/tron-foundation/letter-to-the-community-bittorrent-acquisition-ae325875e6b9
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Thanks for keeping the cryptos safe for us. I have actually been exploring those session ales and will have 2 please!
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Really useful analysis, thanks! We have just created a platform to help better understand the state of crypto markets. Please pay us a visit: www.CoinMarketRank.io
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I checked it out. Great stats to add to the toolbelt for sure.
Thanks so much!
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My ZCL got sold some time ago at $24, I thought I did well at the time to dump it.
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That was probably the last pump where I sold as well. I mine it a little of it and pick it up with BTC when the ratio is good.
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