VRC BTC POLONIEX 4H
Last evening with some high volume in a 200 sat range (6700-6900 Sat), Vericoin (VRC) tickled the top of the pennant on many occasions. This morning it has broken that pennant with a small step, this may be the 1st indication of a substantial market move if multi-week resistance turns into weekly support. Coins for sale on the order book are down from 2.34 million to 1.97 million, and a significant amount of buy support is in place for now. Historically, this pair has a history of vanishing support, as over the past few days its been between the 16-18 btc range.Now there is 160+ btc on the buy side. I refuse to be 'that guy' to tell people that its there to stay, as I have seen it vanish just as fast as it arrives. (Just keeping it real here)
Longer time frame indicators are rather high, however on those time frames we are still at the time of this writing not touching the BBands on a 3 Day chart. All others are showing potential break out conditions. Buy support, fib retracements and volume will play a key in all of this.
My personal opinion is its a bit soon for 'the next leg up', however no market moves perfectly & I don't expect VRC to either, this does though make for some very nice intra-day trades.
As always trade at your own risk, this is just me sharing my ideas.
(for those that may be inclined BTC & VRC Addresses below)
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
https://twitter.com/BTCfailWhale
Longer time frame indicators are rather high, however on those time frames we are still at the time of this writing not touching the BBands on a 3 Day chart. All others are showing potential break out conditions. Buy support, fib retracements and volume will play a key in all of this.
My personal opinion is its a bit soon for 'the next leg up', however no market moves perfectly & I don't expect VRC to either, this does though make for some very nice intra-day trades.
As always trade at your own risk, this is just me sharing my ideas.
(for those that may be inclined BTC & VRC Addresses below)
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
https://twitter.com/BTCfailWhale
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