Good morning CryptoPubbers and welcome to the joint where, if you are found here early Monday morning, it doesn't mean you have a problem! Virtual beer and crypto is good for you.
This morning we are looking fairly stable with BTC right about where it was yesterday. Notable exceptions are Bitcoin Cash up 20% to $1,425! and Bitcoin Gold up 15% Maybe shillers pumping so those coins can catch some of the selloff money from BTC when it corrects? Eth is Ething along at 3% up and ELF has caught up and taken the lead in my Elf/TRX/ZRX/FUN race.
Today's T&A brought to you by our homie @overkillcoin who really does classy up the place and has some calamari ready for a paint job https://steemit.com/art/@overkillcoin/art-voxel-squid-part-1-of-2
When we look at the 12-hour Bitcoin chart (each candle is a 12-hour period) for a 5-day projection, we see the wiggling in the end of a bearish rising wedge. There has been solid trading volume and the Bull's nice bounce/pump was immediately answered by the bears with a bit of profit taking. Seeing as we have been in overbought territory for a solid 10 days and going to break one way or another out of the wedge, I would speculate down.
How far? If it bounces back at $8,500, we are still solidly in Bull territory. $7,500 would be a more likely correction down to bear for a fight back up, and $6,800 as the long-shot but still possible.
I hate being the BEARer of bad news and hope for the HODLers I am wrong. If not, the traders and I will make a few bucks on the bounce and buy you a round.
Coins out of the gate nicely to start the week include:
- Request Network (REQ) - ETH-based pcrypto payment request platform - https://request.network/#/ https://www.tradingview.com/symbols/REQBTC/
- Bitcoin Cash (BCH) - That Bitcoin fork that spawns religious debates in bull markets - https://www.bitcoincash.org/ https://www.tradingview.com/symbols/BCHUSD/
- District0x(DNT) - ETH-based decentralized markets and communities - https://district0x.io/ https://bittrex.com/Market/Index?MarketName=BTC-DNT
Personal Trading Strategy today - Try and stay liquid on exchanges and avoid red knives, Scalp some BCH on this volume, Hedge a little out of ETH...just a little
Can't wait for Tuesday's air drop and I heard we are having pizza jalapeno styleeeee at the pub!
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Oooooo! Forgot to mention. Big news coming on the CryptoPub Airdrop initiative today and the Tuesday airdrop.
Please consider funding to help the next phase!
https://fundition.io/#!/@vanessav/kud5jeibl
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Afternoon! Busy morning here but just catching up now.
HODLing my fiat and ETH as ordered!
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I need to get back to the pub. That pizza sounds amazing!
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I think the canuckian cryptopub chapter assembles on Tuesday afternoons. You should knock off your big corporate job and head there. Let me know how good the pizza is!
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