Good Afternoon CryptoPubbers! I generally check in at the beginning of the week and end of the week but am back a day early as there is action on the charts. Lets grab a drink and take a look.
We are almost all green on the daily ticker as trade volume is sharply increasing on Bitcoin which is presently up over 6% to ~$10,400....expect that to change. NEO is leading the alt charge up 10% but many other coins are up over 4% while Bitcoin Gold is down over 3 from a good run yesterday. In the Poodle Race between yappy alts 0X Protocol, Lumens, Tron Fun and Elf, we have FUN in the lead sprinting up 12% from this point yesterday and ELF in last, down over 11%.
T&A today brought to you by @slobberchops who threw you a curve yesterday with a neato BitTorrent Airdrop https://steemit.com/airdrop/@slobberchops/airdrop-tuesday-coin-of-the-day-bittorrent-btt-first-5-to-comment-upvote-follow-get-600-coins Make sure you follow him for future airdrops as we build up steem!
The Daily Bitcoin chart (where each candle represents 24-hours of price action) is getting my attention today as I look for the correction back up and volume is starting to spike. We have had strong downward resistance established a week ago and already tested several time.....and that is where price is right now. After being oversold on the Stoch for so long (helped out by the MACD bounce and subsequent price drop) there is signs of lifting off the bottom of the Undervalued section. It is really neat to see trade jump as we hit resistance where day traders are taking profit and bullish swing traders are hoping to spur growth past resistance for a pump. If it does, we should easily head to 11k which is the median Bollinger line. Correcting back down then would continue the recent bearish trend while a continuation to over 12k would signal a return to bullish. Grab your popcorn folks!
Source/News: it is ALT killing season! https://cointelegraph.com/news/top-5-crypto-tokens-pronounced-dead-nem-and-bcc-head-the-list
Thanks to
@slobberchops for picking up the airdrop initiative ! You can support the triumphant return of the CryptoPub Airdrop 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
STEEMLeo - Delegations would be fantastic!