Good afternoon CryptoPubbers. I hope your long weekend has kicked off right and you have some nice family events planned for the next couple. I am going to be signing off for the weekend and doing the same, but am checking on our cryptos one last time.
A quick peak at the market while family rattles around shows us that Trade volume is not bad and Bitcoin is down another 4% to $4,351. Every other coin on my ticker is matching that drop and them some including ETC, Dash and OmiseGo down double digits. Tron is leading the Poodle Race of entertaining alts down only 6.66% while FunFair is in last place, down over 11%.
T&A today brought to you by the triumphant return of @briggsy intelligently picking out the crucial fib level https://steemit.com/bitcoin/@briggsy/bitcoin-price-sitting-on-78-6-fibonacci-line-new-floor-or-going-lower
Looking at the trend, I am bucking it and looking for Bullish signals on the 24-hour Bitcoin chart. The big Bollinger squeeze touched off the big slide we are currently in which has paused momentarily at the 78.6 % Fib level (around $4,280.) If we stay pretty close to this level the doji may signal the reversal, or an increase could turn it into a bullish hammer. Interesting to note as well is the daily lows keep lowering while the buy support on the STOCH keeps increasing. I am not convinced and am just going to hodl for now, see if there is a bounce, how big and possibly take some profit at the median Bollinger line.......and eat turkey.
Source/News: Institutionalization is happening! https://www.cnbc.com/2018/11/23/overstock-to-sell-retail-business-and-reportedly-go-all-in-on-crypto-by-february.html
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by the way, what is the exchange you recommend trading with? i tend to use dexs, but they don't have a good interface....