 G'mornin' CryptoPubbers and welcome to the STEEMit bar where we serve digital beer for digital money. <center></center> Volume for Bitcoin is still nice and high as price has stayed identical to what it was yesterday around $7,400. The rest of the coins are doing their consolidation dance after a good couple days down a point or 2 presently. The only green speck on my chart is Lumens up almost 2% with more trade volume than Monero, Bitcoin gold and Tron. The Clown race was nuts the last couple days but has cooled off with ELF up 7%, FUN down 6% and everything else in between.  T&A today is brought to you by @overkillcoin who is finally getting a few pokes in at the bears. https://steemit.com/art/@overkillcoin/sublime-escape Looking at the 6 hour chart gives us clear answers as to what happened but leaves us with questions on where we will go for the next day or so. The pumps resulted on a couple nice bounces on the MACD. We are correcting distinctly on the STOCH (buying support index) which generally brings the price down but the last 12 hours have been green with an increase of a couple hundred dollars. One possible scenario is another bounce on the MACD, a correction back up on the STOCH, and with some good bull volume, we could push up and challenge the resistance line that started on Jan 20th. The 3-hour chart supports this while the 12 and 24-hour charts are completely oversold so we should grab a beer and watch the fireworks.  Bonus T&A brought to you by our residence electronic music composer with a mix dedicated to his better half https://steemit.com/dsound/@sequentialvibe/20180718t175548513z-vapour-kitty-mix ETH is ETHing along as usual and looking at the 12-hour chart, we really have to see what Bitcoin does and flip a coin. Price is correcting down from Overbought on the STOCH with lots of room to drop and the trend is point towards a downwards cross on the MACD for a drop to one of the stars. The price action on the other hand, is beginning to look like a bullish growth impulse, breaking up through resistance, dropping down to new support and potentially taking that next and bigger impulse up. The next days are going to be VERY interesting and we will see some spikes in trade.......but have to see if they will be big red bars or green ones on the volume indicator. Bull or bear? # Coins revving up for the weekend include: * **Bankex (BKX)** - Converting asset classes to digital currency - https://bankex.com/en/ https://www.tradingview.com/symbols/BKXBTC/ * **UTrust (UTK)** - Crypto payment protection platform - https://utrust.io/ https://www.tradingview.com/symbols/UTKUSD/ * **Vtorrent (VTR)** - Bittorrent platform being delisted from Bittrex tomorrow - http://vtorrent.info/ https://bittrex.com/Market/Index?MarketName=BTC-VTR # Personal Trading Strategy today - Limit orders set for a corrected Lumens, small dice rolling hedge buy on BTC and ETH for the short term, Watch Ubiq for a jump to convert to BTC.  Source: https://www.ccn.com/crypto-market-makes-minor-retreat-post-rally-ether-and-bitcoin-cash-down-5/ # Check out the CryptoPub Airdrop Tuesday if you haven't cashed in on ByteBall yet https://steemit.com/cryptopub/@vanessav/cryptopub-airdrop You can support the initiative through a donation to one of the following addresses. We also accept alt coin donations that will be given away in the Airdrop! Steem: @vanessav SBD: @vanessav Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12 SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK Monero: 42h5cfr1xVpgZhcksYZnq5BdXXrA42sCZFrZfz6se6SwHh8r5cX51gnJGqzqmcLS9145aNd3NPvYvMTRep7fxnYeGSmg95p CryptoPub Discord: https://discord.gg/xc77Cyk
author | vanessav |
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permlink | cryptopub-daily-questions-or-answers |
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@resteemator is a new bot casting votes for its followers. Follow @resteemator and vote this comment to increase your chance to be voted in the future!
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