Vertcoin
Vertcoin - Pennant PatternI have been looking to increase my position in Vertcoin for a while now and really like the chart set up so I am going to be adding in the next day or two.
Just in case the price moves against me I will be placing a stop loss about 25% below my entry price.
Vertcoin could be breaking up soonish?With a tight stop loss, this looks like a good Risk Reward
What are your thoughts?
Nice pennant pattern on VTCUSDAs you can see we have a nice compression figure call pennant pattern. It can either breakout in a bullish or bearish way, just look closely to the evolution in the next few days and get ready to react.
Vertcoin Ideas?!?!?!Anyone have any thoughts on Vertcoin. It is looking very stagnant in my opinion and have not heard any fundamental news recently. Just ranging. I am new to TA and wanted to have some thoughts other than Bitcoin. :) ... thanks everyone. Also any feedback on how I set up my indicators would be appreciated. Still new and learning how to interpret stocks, crypto and currencies and always looking for new ideas and strategies to try.
VertCoin Long opportunity!Stop-Loss: 4$
Take -Profit1 : 4,67$
Take - Profit 2 : 5$
Take - Profit 3 : 6$ // Long Term
Good luck folks
VTC symmetrical triangleVTC has spent a lot of time consolidating and is finally looking bullish. A small upward move or volume increase could sent it skyward
Vertcoin Continuation FlagVertcoin crashed all the way from it's Feb 2014 ICO highs from 11 USD to .005 USD.
A lucky man who scooped up that low, because at today's price of 4.35, they would have seen an 860x increase in price.
VTC has climbed straight up since April 2017
and it doesn't show any sign of slowing down.
Volume shows bullish spikes, RSI gets overbought and not oversold,
and the 200 day moving average is sloping upwards. These are bullish signs on all fronts.
Since October, VTC has put in a classic Flagpole + Flag consolidation pattern.
We can expect a break out in the direction of the trend. If we take the measured move, the movement of the flagpole, then we should hit our target of the old all time ICO highs around 11-12 USD.
Break out over 5 and over the trend line of the consolidation flag.
Stop under the flag at 3.30
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!! PM me with chart requests !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
Vertcoin (VTC) SMA Trading Strategy When the SMA5 + SMA10 cross the SMA50 I use it as a buy signal.
When the SMA5 crosses back below the SMA10 I use it as a sell signal.
Wait for the SMA5 + SMA10 to both cross back below the SMA50 then wait for the next opportunity when both the SMA5 + SMA10 cross back above the SMA50.
Now I set alerts waiting for that next signal to buy.
Also use MACD + RSI to help determine if the signal will hold true.
VTCBTC Back to challenge new highsVertcoin is setting up support at the .00069 long term support and resistance line.
Should another break above .00076 and VTC will propel up!