VETBTC - Imminent pump is likelyWe are seeing some altcoins pump lately, and they are forming a pattern. After the big retracement from -30% in altcoins, NANOBTC began taking the lead of an other coins "rally" (I dont call it alt because ETHBTC and big guys are losing dominance to BTCUSD)
ICXBTC, WANBTC and NANOBTC are momentum players which did this pattern of reaching 1.618 fibo level as a continuation of an upside movement.
VETBTC and ONTBTC are in a very similar position at the moment, but since VETBTC has a better chance of higher ROI, I am making this trade.
Stoploss is tight which makes really good for risk/reward trade
It is very important for bitcoin to remain sideways or rise
Thor
Buy Opportunity Before Mainnet - VeChain [Bullish] VEN/BTC -
Ven has had a huge bullish set up that sort of came out of nowhere, it hasn't had its huge run like other coins during this bullish period and has broken out of its falling wedge formation which was the first sign of a quality buy, it has from there started forming a massive inverse head and shoulders formation which it successfully rallied through the neckline on the 29th of April.
As you will see in the chart, we had a double top form on VEN/BTC which was also influenced by BTC's movements at the time, it has broken a minor support level at 52500 satoshi's and is now looking for support, I personally have a buy order for 50% of my order at my first plotted support zone around 48500 satoshi's which lines up with the previous resistance of the neckline.
My second buy zone for the rest of my order will be at 45900 satoshi's, I am confident we will see 48500 satoshi's and if my second order doesn't fill I will wait for a bullish engulfing candle on a key support level before re-entering with 100% of my order.
I am super bullish on VeChain over the next 8-10 week period.
Fundamentally we are looking good as mainnet is around the corner.
Dare i say this may be the last time buying cheap VEN before the mainnet hype to aqquire VeChain and receive Thor ( Residual Income Generation)
Vechain Back on Track, Continues to Ride the Trend Vechain continues to climb up the purple trendline with small periods of consolidation that lead to some sort of move. We've now seen both positive and negative movements following these periods, but the overall trend remains the same. UP!
Expect continued consolidation over the next few days. The pattern should be fairly obvious by now, but which direction we will go at the end is unknown.
Happy Trading!
Vechain Climbs the Pattern LadderA repeating pattern of consolidation followed by a jump once we approach purple. We've had two now can we get a third?
Be on the lookout for a close above black. It'll go on to test yellow and potentially green.
However, if we fall below purple its a different story.
Conservative VEN trajectory at 240% ROIVEN has a lot going for it: Great looking chart, mainnet launch in Q2, and strong governmental partnerships. It's not going to 0 any time soon.
Vechain: Preparing for another breakout?Vechain has been consolidating since its initial run at the beginning of the month. Today we're seeing an uptick in volume and the price is approaching prior resistance right around .0004420. Closing about this resistance would be a very positive sign and could call for another increase in price where the next point of resistance would be around .00046-.00047 and then ~.00049.
Be careful though, Vechain likes to bounce around when running into support on big run ups and could bounce back down only to test it again a few days later.
Personally, I think it will bounce back down, consolidate a little longer and then test black again, but no one can know for sure. We've got the EMA 20 (red) as solid support, if the price action follows the blue trend line upward it should squeeze us into some upward movement.
Happy trading!
Lets re-visit that VENBTC Chart again...Well, its still working out near exactly to how I've had it laid out since February. I haven't made any changes to this. So, if it works out the way it looks, the buy-in range still hasn't changed. This re-trace makes sense as most have had a retrace like this but VEN has been pretty resilient due to news, node lockups, and a quite large following. If we get a bit closer to the buy-in, I'll post up what I believe will happen after what will likely be the end of retrace.
One thing of note, all of this is contingent on what BTC does as well. So, if BTC drops, this will continue....if it starts reversing back up and gets som stability +10k...we will see a bounce.
This is not financial advise, just my opinion. DYOR.
The TRUE buy & sell moments for Vechain (+ the next BUY moment!)In this post I want to zoom out a bit on the Vechain graph, look at the previous incredible bull run, the subsequent correction, &.. the next bull run!
I will be writing about several indicators beneath the chart – highlighting them a bit first – & then fully applying them to the chart – so stay with me:
--> The indicator just beneath the graph is the quite common MACD. I highlighted the bullish golden crosses (crossing beneath zero where blue line comes on top) & the bearish death cross (where they do the exact opposite above the zero line).
--> The "SMI" or Stochastic Momentum Index , which typically talks about a “buy” if we enter the green zone, & a “sell” if we enter the red zone (+ a similar crossing of the two lines as with MACD).
--> Moreover, I drew the horizontal Fibonacci retracement levels (support and resistance areas), & the Fibonacci speed resistance fans throughout which price moves along (also support & resistance areas)
What we are seeing in this first graph is where the buy signals were for the 'SMI', i.e. When that oscillator hits the green buy zone (it should actually really dive into it). But even then, 13/12 could be considered a buy opportunity, especially as it went together with a bullish cross in the MACD. This provides us our first entry point in Vechain.
We then see two red lights in the 'SMI', but momentum is still intact in the MACD & in the overall chart. So we did not have to sell here. However, if we look at the third large vertical in red, you can see that this one coincided with a bear cross in the 'SMI' ànd a death cross in the MACD: big selling time!
Furthermore, if we check our chart today, we see that we have severely entered the green buy zone, where the two lines are practically crossing, but not upward yet. Nevertheless, this provides us an almost great buy signal – either now, or when the curve upward takes place. If we combine that with a pending bullish cross in the MACD, we have ourselves a new BIG BUY moment!
What else is there? Well, if we take RSI (relative strength index, which has to be above 70 to talk about overbought, & beneath 30 for oversold), & combine this with the 'SMI', we see a similar story. RSI started to curve upward and give vechain a bullish momentum around or before 13/12 or near the buy signal in the 'SMI'. Furthermore, there was no real sign yet of negative momentum in the first red crosses in the 'SMI', BUT the third cross was accompanied by a reversal in the RSI trend from a severely overbought level to all the way down the drain. And...Conclusion: that is where we are today: looking at a severely oversold level in the RSI, accompanied by an almost bullish cross in the MACD, and an 'SMI' going for us as well.
And as a last one: the interplay of 'SMI' and Chande Momentum Oscillator. As you can see, the 'SMI' gives us relatively clear buy and sell signals on extremes. The 'CMO' is useful in determining the overall trend and strength, and in combination can also give us better pointers as to whether we should or shouldn’t get out and whether we are still in a downtrend or not. Have a look for yourself:
Conclusion:
Vechain is a fundamentally super-sound investment candidate (partnership with BMW, etc. - just check my website for the analysis!), & in this post we zoomed out on the graph to verify the next entry point. We are not there YET and might even experience some additional downward pressure first, but we are very close to a major trend reversal and a next bull run comparable to the first one we saw. Vechain is young, has potential, and is just about to get started.
Note: this is not to be considered investment advice - DYOR.
VEN/ETH - 03.02.18 - Swing Trade Buy OpportunityHi folks! We got VEN/ETH here. BTC looking to trend upwards, supporting bullish indicators. Long term VEN has completed wave 1 & 2, and has began its pivot into wave 3. Re-branding and price manipulation led to a rather short wave 2 correction. We have entered into a large bull flag as we break into, what we hope is, our wave 3. Consolidation followed buy a bullish outbreak from the wedge formation would further confirm a wave 3. Hodl tight
STILL have to CHILLBy Trend, Fib Retracement and Fib Trend base time. Chart is pretty nice and simple.
VEN might just hop arround the 0.5 line to the yellow target then go up from there. Most likely it will go to the 0.616 at the orange target before heading up hard. Basically chasing the Yellow Line (true value). So the deeper it goes the harder it'll grow.
This is a mathematic projection base on it's history, but like life, nothing is for certain. Will see if things work out Fibonacci way.
VEN should be starting to rebound after a short correctionAfter the news sell on Monday, VEN corrected to strong support ~0.0045060. From here, it should catch its longer term trend line and bounce off of strong support and resistance for a few days (probably through next Monday) of accumulation till moving up.
VENBTC Houston we are ready for lift off! 30% GUARANTEEDVEN rebranding 26th Feb will allow VEN holders to collect THOR (like NEO & Gas). While always proving to be a highly stable coin.
You are out of your mind if you don't take this trade. Don't make me come and slap you!
Expected target of H&S 83636 SAT, target of Elliot waves 74700 SAT.
If you made money with my calls and want to thank me:
Donate BTC: 1EQuazVs5MHpcBrceUvKWwtmFBVpNn6hxw
Donate ETH: 0x9746e2692bad3dc2da5c8d759e2d8c56af74e3d9
Donate LTC: LVZef6iRGe7unhECDFmGDM8VzDMzUaGZqY
Vechain: What to expect given the upcoming rebranding (on 26/02)In my previous post , I highlighted the strong support line for Vechain in the VENETH graph:
That support is still intact and we are still trading quite close to it. For those who wish to open a longer term position in "VEN", this is likely a decent entry point, especially given the fundamentals going for it (do visit my website for a fundamental take), and definitely our Tweet reply to "The Coca-Cola Kid" (renown market forecast wizard).
Looking at the VENBTC chart, we also see strong support in the large triangle formation , which is about to approach on its limits. Note that the chart is not drawn in regular candles, but in Heikin Ashi candles . If we look at the last candle stick on the 4-hourly (graph below), we see it is a “doji” stick (which means that the open and closing price are virtually the same, and that there is only limited movement in low/high). This doji candle is typical in Heikin Ashi charting and most of the time means one of two things: 1) pending trend reversal (note that we are talking about the 4-hourly chart, and you can see in the previous trend reversals in the downward channel that you get some green candles but not like a butload). 2) The second possibility is “indecisiveness” of the market. (by the way, at the time of writing, the doji was red, but now upon publishing turned green already).
I believe this one likely hints to some upside in the short term onto the moment where we hit the upper triangle resistance, somewhere like 14/15 Feb.
After that it will likely test support again before the uptake. But that is only if we look at the 4 hourly. If we look at the daily, we simply see red candles moving downwards . They will likely test support, and I don’t expect VENBTC to go much lower, given the pending rebranding on 26/02.
Now, we also see a second triangle formation in pink, which could contain price movement a little bit longer.
A rebranding typically goes hand in hand with some nice price pumping. Ven’s rebranding is scheduled for the 26/02 (although there have been hints that they might postpone it because of the bearish sentiment currently in the market).
An additional indicator can be found in the MACD , which is taking its time to reach a bullish cross, and which might be feasible by the 26th if we would extend the red and blue line (see section under the graph, blue should cross red with blue coming on top).
Conclusion:
Of course you would prefer to get some clear advice on BUY or SELL. But the chart is not giving us enough information to confirm any stance. The only thing we do know is that Vechain is a cryptocurrency with solid fundamentals and with an upcoming rebranding. A bullish cross in the daily MACD is in the making and could well support a nice pumping in the next few weeks. If the triangle formation breaks out upward and is confirmed , we will have more reason to see this one go crazy. In the meantime, if you would like to buy into VENBTC, this is a nice entry point given the current strong support levels. Maybe a sidenote: if VENBTC were to postpone its rebranding, this might turn the story upside down and result in some more downward price pressure. Otherwise, best to stay a bit on the sideline and/or if you wanna make shorter term gains, maybe not the best place to be looking (unless white triangle figure gets broken).
Just my five cents for the moment, updates will come!
Sep 27 Earnings: Thor Industries - Expenses Correction IncomingThor Industries has been on a tare recently, gaining over 40% in the last 12 months.
The company has been experiencing high demand for its products and has worked on developing new products and revamping its existing ones.
However, I believe the company's higher expenses and new market penetration costs will limit Income and Margins throughout the next quarter.
I am initiating the company with a $100 PT for the post-earnings move with a 3 month time frame.