Another Dead Cat Bounce?

The cryptocurrency overall bloodbath reversed a bit today.

Nineteen of the top twenty cryptocurrencies as compiled by Investing.Com were in the red as I started this post(shown below).

In the time it took to finish this article (primarily looking up cryptos I never heard of), most of the major cryptos went into the green for the day.

Is this another dead cat bounce or the start of a reversal? No one knows, but I suspect the former.​

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Like yesterday, there were some huge winners.

Crypto Lottery Winners 2018-01-17

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Your winning numbers in today's CryptoLottey are: 1410, 452, 736, 731, 230. The tiebreaker is 687, drawn randomly from a pool of winners.

TeraCoin

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If you bought TeraCoin yesterday, congratulations! You are up 578%, assuming you can cash out. If you bought a week ago you are up 50%. If you bought prior to that, you are likely underwater, and massively so.

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By the way, note the volume and market cap at roughly 0%. Today's trading was on the order of $200.

Ethereum Movie Venture

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The Ethereum Movie Venture coin likes to bounce from a range of $0.06-$0.20 to $1.00-$2.50. Total trading volume in the past 24 hours was under $2,000 so don't expect to buy big or cash out big.

NVO

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One look at the NVO chart suggests it's headed for a crash. Its trading volume today was about $25,000.

Newbium

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Newbium is another amusing crypto. It's 24-hour trading volume was about $500.

Medium of Exchange?

Forget about it.

Be Careful of What You Wish

Mike "Mish" Shedlock

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