Good afternoon CryptoPubbers and thanks for waiting on me today. I had to do some extra cleaning and prep for Friday Fun day and get the tables ready for the Friday Jam!
Early this afternoon, we are down again not too horribly but substantially when you consider we have been in the red the last few days. Litecoin seems to be doing a little better than the rest and Monero is taking it extra hard and is a bargain today! ETH doing okay but not quite good enough to swap for more BTC core investment yet.
Today's T&A is brought to you by https://steemit.com/@buddhalicious who stopped by the pub yesterday for a quick one and is a nice tipper. Good to have you back lurking at least and we are looking for your next blob post.
To get a good look at where we are and why, the 12-hour BTC chart is pretty good. 3 key support areas were smashed and the MACD crossed down (accelerated by FUD of course.) When the buying power of the Stochastic hit the bottom and skidded for a couple cycles, you can see the drop in price from ~10k to ~$8,400. The MACD has taken a few days to cross back up in the past which means we should be down a little more before coming back up.
For a look at where we are going, the Daily chart seems to paint the accurate picture. Namely, how much room we have to go down on the STOCH buy pressure, and how much more the sell pressure has to drop to be overtaken and reverse the pattern. My personal buy zone has not changed since I originally posted it Jan 31st (if you care to flip back to that Crypto-Pub update.)
The KEYS to watch are the bottom of the STOCH on the 1 day chart in a couple days. A skid will take us into nervous land but a nice quick bounce should signal some good times ahead. We are almost there so have a drink and lets spin some tunes.
Coins joining the line-up for the jukebox today include:
- Florin Coin (FLO) - Scrypt minable coin with transaction comments! https://www.flo.cash/ https://www.tradingview.com/symbols/FLOBTC/
- Safe Exchange Coin (SAFEX) - Because
brought it up yesterday (Verge and REDDCOIN definitely
drink alchohol and have been in the pub before;) Crypto Commerce digital marketplace! https://safex.io/ https://coinmarketcap.com/currencies/safe-exchange-coin/ - Unbreakable Coin (UNB) - Bitcoin based Bigger Stronger Faster! http://www.unbreakablecoin.com/ https://bittrex.com/Market/Index?MarketName=BTC-UNB
