Good morning CryptoPubbers and we won't tell the boss you started the work week here with a morning pint and peek at your cryptos.
This morning we are looking a little red not just from a sun-soaked weekend. Bitcoin is down 2.5% since this time yesterday after reaching a high of almost $7800. Many of the Alts are down a little more ranging from Ripple down 4%, Zcash, Monero and Neo down around 7, and ETH hanging out in the middle at -4.5%. 0X (ZRX) is leading the ailing clown race down only 5% and EOS is seeing some profit taking with the post launch hangover in the form of lots of trade volume and a drop of 12%.
Today's T&A brought to you once again by our resident film maker 
With the daily BTC chart looking neutral at the middle of the STOCH heading upwards, the 12-hour chart gives us a little closer look to what is going on. This correction from the top of the support index has brought us down to the median Bollinger line which is completely natural. The telling part will be where we go from here in this correction. If we repeat the bullish action (above the median line) then the MACD will bounce and price will head up to almost 8k. Looks more likely to have a little downward cross on the MACD, a continuation to the bottom of the STOCH, and a price returning to the lower Bollinger line at around $7200.
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As mentioned, EOS is still trading pretty hard with the attention of speculators as BTC figures itself out. A little FOMO pumps before the mainnet launch, then agnostics cash out some profit and potentially grab some on the B dip of the ZABC growth zigzag pattern. It will be interesting to see how the MACD behaves with a natural cross downward for a dip continuation or a bounce as a launch is a little unnatural in the cycle of normal ups and downs. If we were to have a pool, I would pick a drop to $12.7, a MACD bounce, and a testing or breakthrough of resistance. BTC will obviously have a say in this matter but will be fun to watch it play out.
Coins starting off the work week in style include:
- Steem Dollars (SBD) - Our favorite tipping currency popular with the Koreans lately! - https://www.tradingview.com/symbols/SBDBTC/ https://cryptoindex.co/steem-dollars/
- DigixDao (DGX) - Tolkenization of Gold Bullion - https://digix.global/, https://www.tradingview.com/symbols/DGDBTC/
- Goldcoin (GLD) - "The Gold Standard" of digital assets - https://www.goldcoin.org/ https://bittrex.com/Market/Index?MarketName=BTC-GLD
Personal Trading Strategy today - Buy some LTC and XLM to scalp at the bottom of the 3-hour STOCH, Keep an eye on BCH for a return to 1k, watch BTC ratio to assorted alts for a good conversion back to BTC.
Source: bitsonline.com
Happy Monday and 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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