Good Morning CryptoPubbers and welcome once again inside the only pub that welcomes blockchain chat over drinks. Rolling towards the weekend with special Vegan Tacos that even the carnivores love!
First it goes /, then it goes . Then maybe it will go / again! For this morning, we are \ ~6% on BTC which is about the median in with the other coins following the trend. The slight exception is ETH which has been taking a special kicking all month but is only down 3% and is fluttering around $375. Tron seems to be bucking the trend again and is winning the midget race by a wide margin over Elf, Fun and ZRX.
Today's T&A brought to you by @briggsy and @zekepickleman having a STEEM speculation chat over IPAs https://steemit.com/steem/@briggsy/steem-price-daily-april-5-2018
If we look at the 6-hour BTC chart (candles are 6-hour periods) you can see the price bump and fall almost matches the buying support bump and fall on the Stochastic relative support index. There are good signs here including trade volume has fallen off signalling less panic/fomo, a small divergence on the bottom of the STOCH signalling a short term pump, and the last up-tick in price went from the bottom line, through the median line on the Bollinger Band to the top signalling short term bull....which may happen again. Watch where it goes in the next day to see if it stops at $7k (bearish) or continues to $7500 (bullish) or rallies up to 8k+ (friggin' finally!)
I would doubt 8k personally as the hidden divergence (higher high on the support index but lower high on price) can indicate goofy things.
Glossary of terms: Divergence - When price action does one thing and an indicator (Support Index, MACD, etc) does the opposite. In this case, the price action from one candle to the next went to a lower low. The STOCH, on the other hand, went upwards in that same period. Short term watchers know this generally leads to a short term increase........scalpers dream.
Coins bucking the trend and attracting the traders for a pump include:
- Tron (TRX) - Decentralized Web Content platform - https://tron.network/enindex.html https://www.tradingview.com/symbols/TRXBTC/
- Trust Plus (TRUST) - Professionally cloned hack coin? - https://trustplus.com/ https://bittrex.com/Market/Index?MarketName=BTC-TRUST
- Singulardtv (SNG) - Block chain empowering artists to manage their rights from development to distribution - https://singulardtv.com/ https://www.tradingview.com/symbols/SNGETH/
Personal Trading Strategy today - Scoop up a little Monero to scalp, watch my TRX grow, grab a few more fiat bucks to top up on Steem
Credit: yourtango.com
Good morning!
Very nice.......you eavesdropping on me and briggsy? ;)