Good Morning CryptoPubbers and welcome to hump day! Today this means some good discounts on all coins, and the tips you leave may not be very lucrative today but that tip jar will look nice in June!
Finally this morning we are down instead of just agonizingly sideways down as Bitcoin is -4% from yesterday at $7900 up from an overnight low of $7,785. Ethereum, Bitcoin Cash, EOS, and a few other alts are getting hit a little harder than BTC, or are at a nice discount now......depending upon how you want to look at it. The Clown Race is also a shambles with the leader being Lumens which is only 8.5% down.
T&A today brought to you by 
https://steemit.com/art/@overkillcoin/ethereum-bottleneck-trigger-warning
Looking at the 12-hour Bitcoin chart, We are in a downward triangle within a downward triangle, just looking to break upward. Support was somewhere just north of 8k and we broke down below that in the last day so we will search over the next couple days for a new support trend as the market resets. The good news is we are oversold and undervalued on the RSI, aren't far apart on the MACD, Downward triangles generally break upward, and the trade volume is enough to fuel a bounce back up to $8200 modestly.
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This is a good time to look at the EOS 12-hour as well because it is available at a steep discount and the main net launches within 11 days. We are in Oversold territory with lots of room to grow on the STOCH, down on the MACD, and over 67% of the way along the descending wedge which usually breaks out harder the longer it continues. We can expect to see FOMO in the last week before the main net launches and it would be best to be buying when people are still selling and getting in before the madness. Pure speculation on my part but well under $12 EOS looks like something in the bargain rack with a pink sticker on it.
Coins not sulking like the main ones today include:
- ZENcash (ZEN) - Block Chain for Money, messages, and media - https://zencash.com/ https://www.tradingview.com/symbols/ZENBTC/
- Steem (STEEM) - Steem is again a strong buy on Binance and Bittrex! https://www.tradingview.com/symbols/STEEMBTC/
- Spreadcoin (SPR) - Like Bitcoin, except not pre-mined and more decentralized for mining - http://www.spreadcoin.info/ https://bittrex.com/Market/Index?MarketName=BTC-SPR
Personal Trading Strategy today: Loose change/dust in on EOS, set BTC/ZEC limit order to swing back in on ZEC, look for some FIAT to grab a stake of Smartcash. Pray for a quick bounce back up to a sustainable bull run.
Source: marketcoinnews.com
Lumens was fun yesterday! Please 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:
SBD:
Bitcoin: 1C6hMc172hbn1q9TFkkkaeeku3DxBju1eg
Ether: 0x27A5E16545fFf9301f52915A951C80D672717A12
SmartCash: SgsDm6PunExWcQKq2hDs7ruSGeiLAsSFLK
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