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      "body": "The past 48 hours have been pretty crazy in the crypto world. We are in the midst of a large crypto correction, dip or whatever you want to call it. Bitcoin and altcoins have been down drastically and the overall market capitalization has decreased by a few hundred billion dollars. \n\nThat being said, let's take a look at the chart.\n\n![Capture.PNG](https://steemitimages.com/DQmUG2UgvvrrhCpfUJsnVGrPeZBqd8sspXi1eBYo3vXFgTL/Capture.PNG)\n\nWe can see that yesterday we saw the price decrease by 3k shown by a large red candlestick. \n\nGreen Arrow: We can see a bearish TK cross signaling a correction.\n\nBlue Arrow: We saw price drop through the kumo cloud signaling bearish price action. We also see a close outside of the kumo cloud which is also not a great sign. \n\nRed Arrow: We see the RSI nearing the oversold region. \n\nTo summarize,\n\nWe have seen some bearish indicators the past few days and we may continue to see more. I am more optimistic in the lower time frames but I believe it will still be a few more days before daily indicators show more bullish trends. The RSI nearing the oversold region is a good sign as people could begin to buy soon and drive price up, which seems is what is happening today. \n\nI am beginning to do daily price action and chart updates for many cryptocurrencies each day to give a general view of what I think will happen with the current trends and price action. I, however did not choose the best day to start but I hope you will take a look and let me know what you think!\n\n-Astro(mike318)\n\nTwitter: @cryptogumby",
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      "author": "mike318",
      "body": "Today in CryptoNews: 2018 is already becoming a great year for crypto!\n\n![Screen Shot 2018-01-04 at 9.34.01 AM.png](https://steemitimages.com/DQmdztiMqsbsbiFrZjX6vqCpGnV5iGx577648w9DFgTm9UM/Screen%20Shot%202018-01-04%20at%209.34.01%20AM.png)\n\nAs you can see in the chart above, the market cap has been steadily rising for the past week or so. This is a great start to 2018 and I believe it is what we will be seeing for the rest of the year. Cryptocurrency is starting to catch people's eyes and the news is starting to cover crypto more and more, especially after Ripple's price surge.\n\n![Screen Shot 2018-01-04 at 9.34.20 AM.png](https://steemitimages.com/DQmP5VRNVhYnbwwu2xz6HKsCYhJy6N2Lrguee5uaqEzTe9x/Screen%20Shot%202018-01-04%20at%209.34.20%20AM.png)\n\nBitcoin dominance is dropping to new lows as the altcoins are becoming more and more promising. I am a bitcoin believer but I enjoy seeing the altcoins rise as there are many projects that I believe have long term use and will be adopted in the next few years. \n\nAll in all, the first few days of the new year have been great for the market and I think we can see the direction that cryptocurrency is going. It is starting to become mainstream and I am so glad. I think that the surge over the past few months is paving the way for mass adoption within the next few years. \n\nI am excited to be along for the journey that crypto is taking! \n\nLet me know what you think about the market and what is in store for the rest of 2018!\n\nSee you in the next post,\n\n![Screen Shot 2018-01-04 at 9.49.51 AM.png](https://steemitimages.com/DQmVPUNDs4Jw3ZxqQGSJYrQveDVNG4kocoSsKffr1shKhWF/Screen%20Shot%202018-01-04%20at%209.49.51%20AM.png) -Astro(mike318)",
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