Good.....afternoon CryptoPubbers! Nice to arrive at the bar with a little more buzz as everyone is watching their HODLings grow a little.
We have ourselves a day of healthy green with Bitcoin up 4% over a green day and hanging at about $6650. Again, ETH is up just a little more than BTC and EOS, Bitcoin Cash, and NEO are all up over 7%. ETC is dragging its heels a little in the growth department and 0X has gone from leading the clown race the last couple days lagging into last place down 1% on the day.
T&A today brought to you by @cryptorg who gives us some good news on AI and animals! https://steemit.com/artificial/@cryptorg/ai-prepares-to-replace-animal-trials
Yesterday I called for a pump with the MACD crossing upwards on the 12 and that pump pushed the MACD to cross on the daily chart as well. Increased buy volume is encouraging having pushed us up past the resistance started on May 22nd, and the next target is ~$6,850 where the top Bollinger line is as well. More good news is we have plenty of room for buy support to grow on the STOCH and the sell pressure is still way below the buy support.
Bonus T&A brought to you by @jiujitsu and @gracelbm who may be fixin' to open a CryptoPub Aca Pulco branch https://steemit.com/acapulco/@jiujitsu/the-perfect-day--2018-07-16-15-55-05
If we sneak a look at the 6-hour EOS chart, we can see that volume is up in the form of a nice bull run but lower than that of the 2 big boys taking the spotlight. We will have to see if BTC and ETH increases will come at the expense of some of the alt coins again. We have been overbought on the 6-hour chart for a few days and are due for a correction at some point. The 12-hour chart is not quite at 100% on the STOCH but we can expect a little correction perhaps down to the Median Bollinger line if the longer term bull run is to continue. Of we strongly break the resistance line at the top of the STOCH, and continue to the $8.6 mark, we are looking cup and handlish launch pattern!
Coins riding the BTC bull wave include:
- Zichain (ZCN) - Crypto Asset Management platform doing well again today - https://zichain.io/ https://www.tradingview.com/symbols/ZCNUSD/
- Namecoin (NMC) - anti-Censorship TOR compatible crypto platform - https://namecoin.org/ https://www.tradingview.com/symbols/NMCBTC/
- Crowd Machine (CMCT) - Code free DAPPS platform - https://www.crowdmachine.com/ https://bittrex.com/Market/Index?MarketName=BTC-CMCT
Personal Trading Strategy today: Revisit forgotten limit sells for better levels on XLM, EOS and Monero, sock a little ETC, watch HODL grow!
Source: https://www.cnbc.com/2018/07/16/bitcoin-jumps-after-report-says-blackrock-exploring-cryptocurrencies.html
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I wonder if we can get just a LITTLE parabolic action and put some distance between the price and the 7k level.
I wish it happens but totally its good signs over here btc is juming for a ride.
Oh happy day! Sadly, it's not happy Friday.
It's good to see green again and the daily chart that looks like a bowl with its end pointing upwards. The price seems to go up but the bitcoin dominance is going down just slightly.
Bitcoin dominance dropping is great for those of us who have been in long enough to have diversified into alts for sure.
It feels really good after 2-3 week ...
We may be headed up well before that but the beginning of August should be very interesting. We should be correcting down naturally around there but here's hoping there are bigger gains before then so that we get away from this 6k bottom.