• Cryptocurrencies: 2073
  • Markets: 16056
  • Market Cap: $102627732469.09
  • 24h Vol: $9821077949.1763

Wednesday Observations

Shorts are heightened, there’s rumours that the Pro ETF will be rejected today, bullish sentiment yesterday as a result of Bitmex down for maintenance. Shorts closed by 1%. Does this mean the rest of the market is becoming a little bullish?

The Pro ETF is set to be decided today at 6pm GMT time. This means that the market will be quiet until that period, everyone setting their bets to how they presume the day will go. In Nouvive’s opinion, the ETF will be rejected. This does mean that there will be a 6 per cent decrease on the rest of the market: The Van ETF is far more superior and able to handle both volume and what the SEC identifies as Manipulation. The PRO ETF not so much.

Therefore today, we will see a little bullish momentum, however Nouvive does highly recommend based upon the above information, that those who are shorting, they get into the best possible position to do so. Especially as the last ETF rejection saw 6% down on Bitcoin, this could drag the market lower than the Yearly low of $5800 all the way to $5400 before a temporary bounce.

Those asking about Ripple would see a $0.17 Ripple as well. In my opinion, I would set Buys for Ripple between 0.14-0.17.

 

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

Show Your Views:
  •  (0)
  •  (0)
  •  (0)
  •  (0)
434

ViFeed Indicators

Bitcoin (BTC)
$3254.45
46.00 RSI
0.30%
Hold
XRP (XRP)
$0.29
49.00 RSI
-1.13%
Hold
Ethereum (ETH)
$84.79
53.00 RSI
0.47%
Hold
Tether (USDT)
$1.01
45.00 RSI
0.23%
Hold
Stellar (XLM)
$0.1
56.00 RSI
-1.21%
Hold
EOS (EOS)
$1.9
43.00 RSI
4.39%
Buy
Litecoin (LTC)
$23.91
47.00 RSI
2.42%
Hold
Bitcoin Cash (BCH)
$78.34
40.00 RSI
-2.04%
Buy
Bitcoin SV (BSV)
$67.19
58.00 RSI
-5.98%
Hold
TRON (TRX)
$0.01
38.00 RSI
0.57%
Buy
How much do you invest a month into Crypto