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The COBRA 4 hour indicates slightly bearish Bias.We are trading in a narrow range, not much to expect here yet. Observations and NEWS: Volume is at an all time low, as I see some indications of consolidation. I have noticed on GDAX/Coinbase, some heavy buys on bitcoin, during attempted dumps over the last couple of days. The Tether situation seems to have normalized, however we are seeing it around 97 cents. There has been a significant amount of tether removed from circulation recently. Keep in mind, that Tether has less impact (especially on non tether exchanges) then the community tends to believe in my opinion. Ether seems to be weaker then bitcoin in regards to bullish moves. The 4 hour indicates we will continue to pullback in the near future. We are currently bouncing slightly but I am tar-getting 6350 on bitmex. I warned of a release of the RUBY COBRA yesterday after we topped out at 6450s based on STOCH on the 4 hour indicated overbought, plus a high number of long dominance on bitmex was observed during this period. RSI isn't supporting a breakout YET, so I didn't feel it is time to long at this stage. RUBY COBRA is still in the house until we hit 6350's. Once target is hit, (could be a couple of days after the stablecoin phase or sooner) 4 hour stoch will be below 30 and we bounce up a little from there, however I expect to remain in a tight range as the Daily Triangle continues to tighten as we travel right. RSI is in the middle therefore I don't expect a major break of daily triangle just yet in either direction. I recommend watching alts market caps for now.
BITFINEX:BTCUSDShort
by The_Cobra
SHORT VRX.T - Over extended, multiple gap fills, and bad press.MOVING AVERAGES: 30SMA miles away on the daily and its been previous resistance (for example Feb 27 2018 and March 16 2018) after breaking through on April 12th VRX blasted to the upside.. I am expecting the daily the close in on the 30sma line i've highlighted. CANDLE STICK: Dumpling top on the daily broke bearish. Also broke the daily higher low today. RSI: over extended on the daily, and 4 hour at levels that are known to pull back. GAP FILL: Gapped up on May 8th 2018 $24.46 to $26.14 PRESS: Ex-Valeant, Philidor executives convicted of kickback scheme finance.yahoo.com I dont think the news really matters that much but just ads the over extended stock that has multiple reasons the come down. I think the price will hit the $24 area. I'm short since yesterday at $28.32 TSX:VRX
VShort
by DonCase
Selling trading idea on BQX/BTC I am seeing a bearish M-pattern in the latest spikes of BQX/BTC. This could mean a possible downtrend in the short term. Besides that, I can see a possible breakdown line at around 0.00033850 BTC. As you can see the volume is still very high, so that's not a good breakout sign either. Furthermore, it has had its natural correction, but BQX still hasn't retraced to the perfect buy zone on the Fibonacci Retracement. The product developers of BQX (Ethos) does not seem to have any short term announcements, so I wouldn't expect a short term price spike. With that being said I am looking at the following targets. I am selling if it crosses: 0.00033850 New support: 0.00026657 This is my first uploaded technical analysis so let me know what you think! Negative and positive feedback is always very welcome.
BShort
by randomcryptoguy
Red Pulse (RPX) Short Trade on Binance (40% Profits Potential)A very young chart, as usual for Binance trades, so let me start with a caution: There is no history for this coin. It has been going down since it was added to Binance, and after reaching a low point, it is now breaking out and going up strong. Trade at your own risk, which is always true, but know that the markets are "choppy" and the trades being shared now have a higher risk than our usual trades. This will always be true until the market correction is over and the conditions change to positive. I know you understand. Now, back to trading... The chart for Red Pulse (RPX) looks like a good set up, we are going to aim for short to stay on the safe side and because of the conditions of the cryptocurrency market. Now, let's make some money! **** Red Pulse (RPX) Trade Analysis by Alan Masters We go straight to the details: TRADE INSTRUCTIONS Buy-in: 0.000023 - 28 RPX Short term targets: (1) 0.000030 (2) 0.000033 (3) 0.000035 Stop-loss: 0.000022 Trade strategy: Buy in, hold and sell for profits. Aim for 20% profits and higher on the short term. Note: Only use a small portion of your capital for this trade. CHARTS, SIGNALS AND INDICATORS First let's take a look at the chart, this is a very short term chart, a 1 hour chart: - Most of the details are on the chart. The bottom, the bounce, the breakout and the new trend line. - All the indicators are trending upward or turning bullish. - This coin is ready for a good, quick, short run. MESSAGE: THANKS I want to thank you for another day that we are together doing these trades. I want to thank you for everything, for coming over and over, even when things don't go our way. I want to thank you, because I know that it isn't easy to see the markets fall. Regardless of what happens, more opportunities will always come. Thank you for your continued support. So please just keep on trading, your turn is closer than what you know. Namaste.
RShort
by AlanSantana
45