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Good morning CryptoPubbers and welcome inside the pub on this glorious day of a pause in the red!
![May 29 ticker.jpg](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmYmMCXrVPZXrqLtshR5nTP2Wp3DPGbeWJsEryd9RCXQ2G/May%2029%20ticker.jpg)
We have a smattering of green this morning after a long and dark night! Bitcoin reached a low of a hair above 7k and is sitting at $7,400, up 2% from this time yesterday. Bitcoin Cash, Litecoin and NEO are up over 5% and ETH is +4.5 percent correcting from low lows yesterday. What is interesting is EOS and TRX are both down over 2% just days away from their mainnet launches when you would expect some FOMO.
T&A today brought to you by Dlive star @btcvenom who stopped by the pub yesterday for a brew. https://steemit.com/@btcvenom
Taking a look at the 12-hour chart for a medium term hint at where we are, there are encouraging signs including a big green spike in trading volume. The MACD has crossed up (which is usually part of a pump,) and there is a bullish diversion on both the MACD and the STOCH with their lines going up while the lows on price went down. I would target a return to $7600 or 7700 while keeping the Sobriety line in the corner of my eye as we are not out of the woods til we start reaching the upper Bollinger line.
Bonus T&A brought to you by @overkillcoin who can make fun of ETH all he wants if he keeps so generously supporting the pub!
Sneaking a peak at the ETH 12-hour chart for our old skool miners, we seem to be in good shape as an upward cross on the MACD is imminent at this pace. Both bearish pennants were broken downward to bring us to the local bottom with a beautiful scalping entry below the support line and lower Bollinger. With a strong cross up, no shenanigans by BTC, and continued buy volume, we can expect to make it to just over $600 (Bollinger median line) as high as $640 (resistance line) or possibly $680 (Upper Bollinger and old support line) if the ETH bulls are back.
Coins off like sprinters ad the slightest sign of rebound include:
- GXshares (GXS) - ETH-based venture capitalist token - https://tokenmarket.net/blockchain/ethereum/assets/gx-coin/ https://www.tradingview.com/symbols/GXSBTC/
- CyberMiles (CMT) - ETH-based smart contracts for e-commerce - https://www.cybermiles.io/ https://www.tradingview.com/symbols/CMTUSD/
- Lomocoin (LMC) - Barrier-free global monetization platform - https://www.lomostar.com/index.html https://bittrex.com/Market/Index?MarketName=BTC-LMC
Personal Trading Strategy today: Roost over my eggs and spend dust on EOS/TRX. Drop some Coins!
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmVmN3qcsFnikjQdnXUUqP7L673fv2CAgShdYE9kZWJJRj/image.png)
Source: steemkr.com
Stay tuned today and keep supporting the Tuesday Airdrop initiative through a donation to one of the following addresses. We also accept alt coin donations that can be used in the Airdrop!
Steem: @vanessav
SBD: @vanessav
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
CryptoPub Discord: https://discord.gg/xc77Cyk
Okay, I know that I haven't cracked wise about ETH for about 4 days now. I think the record is skipping! :D
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Yah it is just jokes. I just had to shout you out again as I really appreciate your support and company here!
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More like 8-track!
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Hey good lookin, what's you got cookin?
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The month of May was just one big bear market. Too many people expected that after the consensus event the crypto market will go up again, but the total opposite happend. So where do we go from here? I think we will be in correction mode until mid June, after the whole dust with EOS is settled, and when the government regulators start to planning their vacation...thats when we will begin the next bull run.
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Holy shit! ( hehehe ) they made the coin we JOKED about making:
https://godcoin.gold/
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Just remember these times when we are back up to 10k+ bitcoin.......and hopefully more in Alts!
I will try and be around at 2 for the drop.
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