Good evening CryptoPub. I am taking a look at our cryptos as the weekend draws to a close and we head back to work Monday Morning.
Looking back on a relatively snoozy weekend, we can see the typical big drop in Bitcoin Trade Volume as it dropped from number 1 and 126 million down to number 3 and half that by weekends end. What is curious is that the drop in volume actually resulted in an increase in price as it is up above $6,600. I have been watching ETC for a breakout as it often does when ETH does well or BTC is consolidating but it is almost identical as Saturday morning. Lumens is up 2.5% to lead the Poodle Race while Funfair is taking a kicking, down almost 9% on the day.
Weekend T&A brought to you by @overkillcoin with a good hard fork postmortem https://steemit.com/hf20/@overkillcoin/news-flash-tech-giants-eff-up-all-the-time
Looking a bit closer at the 6-hour bitcoin chart, This drop in volume has oddly resulted in an increase in price over the weekend and a correction on the 6-hour STOCH. With the more distinct cross on the MACD and the room to grow on the STOCH, we should be headed back up to the upper Bollinger band around $6,750 under this low volume before trade takes off tomorrow morning with the Monday morning return. With a boom in volume, we could easily hit the month-old resistance line around $6,850.
Hope your weekend was wonderful. See you tomorrow morning!
Source/News: https://www.ccn.com/how-binance-decentralized-crypto-exchange-beta-launch-in-2019-will-impact-the-market/
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I've been checking out short-term BTC predictions on youtube and while most are semi-bullish, they almost always leave themselves an "out" so if their prediction fails, they don't look super silly... :-/
Which I guess is better than crazy old McAfee!
Absolutely @overkillcoin
With new players, evolving maturity, and more large stakes in the game.......we know this could go either way. I find it tough to sell when it is this low and sit in Fiat on exchanges but am practicing. I find hedge selling/buying partial amounts makes it so that I can cheer for up or down.
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