Good early afternoon CryptoPubbers andwelcome to your hump day liquid lunch and look at the Crypto market.
This morning we continue our recovery with another mostly green start. The ALTS are leading BTC for the most part which is interesting as it signals reservation about whether BTC will go on a nuts bull run (and would suck the life out of alts again.) Ethereum Classic is lagging a bit behind because it was leading first yesterday, and Ripple XRP is limping a little (expect this to pump if BTC decides to consolidate) Seeing the GPU mined coins (ETH, ZEC, XMR, etc) doing well makes me happy and some lesser new alts like ZRX, ELF and TRON are killing it.
T&A today brought to you by 
Looking at the state of the BTC price action, the daily chart shows some slow steady growth and the 50/200 moving averages are showing signs of avoiding the death cross and bouncing....so far. When we zoom a little closer into the 3 hour chart, we can see that BTC broke out of the smaller bullish triangle as predicted, and has entered short term bullish mode by also blasting through the median Bollinger line to the top (dark blue). I can see a little more increase to ~9400 but we should correct out of this overbought territory. Volume is decreasing over the last few periods and we should stay bullish short term if the price only corrects to the median (red) Bollinger line again. $8600 is my call if we are to enter a pool here at the pub.
Bonus T&A brought to you by Dagobert who is back and loves ETH right?
I couldn't help but sneak a peek at the ETH 24-hour chart to see how it compares. IN general, it seems a little behind the BTC chart and the price is still safely in oversold territory. It also has the looming thread of the Death Cross (50 and 200-day average lines crossing) but the MACD looks to be crossing up soon for a pump. The neatest part of the chart is how the moving averages, median bollinger line, and the resistance levels are all converging into what we call the popcorn zone. So, around that point, we will have some happy hour specials and watch the fireworks with some good pub grub.
Coins grabbing the pumpday spotlight include:
- Ox Protocol (ZRX) - ERC 20 permissionless trading protocol - https://0xproject.com/ https://www.tradingview.com/symbols/ZRXETH/
- STORJ (STORJ) - Encrypted block chain cloud storage - https://storj.io/ https://www.tradingview.com/symbols/STORJETH/
- Aragon (ANT) - Block chain to tear down organizational bureaucracy and enable entrepreneurship - https://aragon.one/ https://bittrex.com/Market/Index?MarketName=BTC-ANT
