Good morning CryptoPubbers and welcome to the pub this morning after such a crazy weekend. The green beer is gone but the green market is on the daily specials menu.
VERY nice bounce and turn around over the last 24 hour as BTC has corrected a bit of its downward action and sits around $8,600 USD. It is also very interesting to see other major alts (ETH, XMR, ZEC, NEO) fly out of the gates even harder and lesser alts like TRX, SNT, EOS and the like making even greater gains. It will be interesting to see the patterns over the next couple days if this keeps up because a big BTC bull run has killed ALTS in the past.
Today's T&A brought to you by @vegansilverstack who has shown us her portfolio and is Bullish on NEO! https://steemit.com/crypto/@vegansilverstack/current-crypto-portfolio-spread-march-19
If we look at the BTC pattern on the 12-hour chart, we can see the price broke upwards out of the bearish descending wedge as expected and has made its way up to the median line of the Bollinger. If we are still bearish in general, it should correct around this point and head back down to the $7600 level (bottom deviation line of Bollinger) If we are more bullish short term, it should continue to the top median line of the Bollinger at a target of about $9,600 which is coincidentally where the 50-day moving average is. Lots of room to go up on MACD and RSI and plenty of fuel to get us there. Grab a beer and a snack and lets watch the show.
Bonus T&A brought to you by @zekepickleman and @lagesek who like to flash their TRON cards at the pub. I had to sneak a peak at the TRON chart even though BTC has still to figure itself out. Looking at the daily chart, it appears to be a good entry point as there is a divergence on the bottom of the STOCH, and we still have a bit to go to reach the median bollinger line (where it should correct if we are still Bearish overall) We have not yet crossed upwards on the MACD so I will be watching to see if we do for a vault into bullish, or a MACD bounce which will correct us back down to the lower deviation line.
Coins joining minor alts jumping out of the gates this morning include:
- Feather Coin (FTC) - Upgraded and customized Neosctypt Bitcoin -
https://www.feathercoin.com/ https://www.tradingview.com/symbols/FTCBTC/ - Radium (RADS) - POS Crypto that can be run on raspberry PI - https://radiumcore.org/ https://bittrex.com/Market/Index?MarketName=BTC-RADS
- Swarm City Token (SWT) - ETH-based decentralized crypto token - https://thisis.swarm.city/ https://bittrex.com/Market/Index?MarketName=BTC-SWT
Personal trading strategy today: Take a bit of profit at the top of the hourly STOCH on ETC and LTC, sit on BTC a while, keep FIAT in case of another correction.
