$Vibrate has made good impulsive move | Bullish Flag in Formation

[cryptokraze]

CryptoKraze Technical Analysis

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In this post I am going to cover technical analysis of $Vibrate for Short trade. I am using tradingview charts and price linked to Bittrex exchange. Let's have a look on technical aspects of $Vibrate.

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Possibility on 30 Minutes Chart

If you look at 30 minutes chart, you will see $Vibrate has made impulsive move and now it is forming bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pulls back and waits for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has to dip close to 50 level now, so we have a pull back done and next impulsive move is ready.

• I would have a buy entry at 0.00003500 with my profit target around 0.00004200 or above.
• Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.

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Have a look on my other Posts

Breaking Barriers with Steem Education Initiative

SEI Rewards System for Members | Post of the Day Promotion |

Averaging Technique in Crypto Trading

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Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose. Bitcoin unexpected move will make this analysis void.

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Comments

[sharifulislamm]

That good news that rate increases smoothly.Before the next Friday I will reach a satisfying rate.
Thanks for sharing.Carry on your activity

[ajmalaftab]

I am glad to see this massive progress of $vibrate and thanks for sharing such informative post @cryptokraze

[jackilzar]

It's really a very erratic graph, sometimes we lose sometimes we profit.

[johnmarks]

Bitcoin is one of the first digital currencies to use peer-to-peer technology to facilitate instant payments. The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, also known as "miners," are motivated by rewards (the release of new bitcoin) and transaction fees paid in bitcoin. These miners can be thought of as the decentralized authority enforcing the credibility of the Bitcoin network. New bitcoin is being released to the miners at a fixed, but periodically declining rate, such that the total supply of bitcoins approaches 21 million. One bitcoin is divisible to eight decimal places (100 millionth of one bitcoin), and this smallest unit is referred to as a Satoshi. If necessary, and if the participating miners accept the change, Bitcoin could eventually be made divisible to even more decimal places.

[labwork]

Such high volatility can be good or bad. A trader should work on when to exit. Good work. Keep it up :)

Up voted and followed.
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