Good morning Pub Goers and please remember not to drink and drive......or crypto.
This morning, the fore-casted modest price correction continues as many of the alt coins are mimicking BTC with a drop of about 5%. Some of the lesser alts are taking it a little harder signalling some sell off in anticipation of a continued drop in price across the board. Monero has its nose above water right now and EOS is taking a pounding comparatively.
T&A brought to you today by my mainstay 
On the 12-hour BTC chart, you can see we broke down out of the bearish wedge, and then broke the support line coming from that local low. There was a strong cross downwards on the MACD and trade volume has increased a little as we correct back down on the STOCH towards oversold. Again, we will as how low will we go?
Bonus T&A brought to you by a pub-goer who found this sobering gem! https://steemit.com/informationwar/@richq11/it-couldn-t-happen-here-a-government-in-name-only
On the ETH chart, we broke downwards out of the consolidation channel and dipped back down to the magic $775 price which has proven to be pretty strong support since January. I didn't draw a Specu-Line because we are on the bottom of the STOCH which should signal a bounce back up. Problem is BTC and the general market are tethered together and BTC has a ways to drop. If it does and ETH matches, we will break the very strong support line which leaves $600 in play. C'MON SUPPORT!
Coins ignoring the tyrannical overlords today include:
- RLC Token(RLC) - Blockchain-based decentralized cloud computing -
https://iex.ec/ https://www.tradingview.com/symbols/RLCUSD/ - ViaCoin (VIA) - BTC based 2014 Crypto mooning - https://coinmarketcap.com/currencies/viacoin/ https://bittrex.com/Market/Index?MarketName=BTC-VIA
- Nexus(NXS) - 3d blockchain connecting people and technology - https://nexusearth.com/ https://bittrex.com/Market/Index?MarketName=BTC-NXS
Personal Strategy today: look into Waves again, HODL fiat, wait for little bounce, get to 75% fiat if possible.
