Potential Tweezer bottom broken by current candle. Look for and expect the 200MA to get touched. We are surely retesting support levels at this point as RSI on 6H and higher Timeframes continues to move lower. A text book ABC correction, would plow threw prior weeks price levels as if last week never happend. I dont think that is in order here as the volume on the...
This morning I have up a 4H TF, and looking historically (points A & X) pre-consolidation I see a very similar pattern under a significantly heavier volume profile that may play out now that Point 'B' has Printed. If this is infarct the case I would expect point 'Y' to print similar to point 'X' however there does not seem to be available coins on the orderbooks...
Overnight with a surge in BTC/USD prices Vericoin fell a bit causing a much needed down turn in the majority of the indicators. This ofcourse after a slight BB break out of a solidly defined Pennant and is now testing to see if infact prior resistance levels have turned into support, textbook trading here. This may be a good bounce entry now or very soon...
This weekend has been a nice small rally for Vericoin. 24hr Volume is just past $600,000 USD, and the market has moved with the trend. I'm not quite ready to say VRC is in a bull run quite yet, as the weekends highs arnt very much higher than last months run up, which brings me to my next point. Weekly Support and resistance levels. Weekly Pivot at 7785 which is...
I think it is safe to say that the multi-week pennant has been broken, however with every small break out come a upturn with the indicators obviously. Do note the 50 RSI bounce on the daily. Now that there has been a small market move, I would expect to see some increased volatility, in both directions under lower volume conditions for another indicator reset over...
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...
20+ Days in the pennant and it is not breaking the bottom with increasing volume, presumably testing support levels. That pennant bottom is 100% critical to a continued steady up trend in the current fib channel as seen from the 1st of the year. A very steady 5 month move with a few intense points of heavy volume confirm this beyond the shadow of a doubt, HOWEVER,...
Again, pennant holding true. Slight volume increase, but certinaly nothing to get excited about. Even with BTC's current run up on 'some' exchanges, it seems to want to hold this current trend. All be it sideways a bit. Low buys at s1/s2 may be a fruitful intraday bounce play for a fast trade or even cost averaging down if in a Current position. 1D indicators...
The pennant continues. Today looking at a shorter TF (2 Hours) & As Monday 'opens' (non retail), Stoch appears to be rebounding from a bottom (single digits). The weekends price action was fairly low in regards to any large moves with volume also on the low side. 12H Stoch looks very promising as we have a potential break out of the BB squeeze on that Time...
Seems as if overall the Pennant is holding and with new support levels to be printed in less than a day unless a break out to the upside happens beforehand, the weekly pivot I believe will come down to lower levels than this current week. Tomorrow being monday, and any possible non-retail traders involved (and bots) may see this as a weakening market and start to...
It appears that we are in a lower volume consolidation better seen on the 1D as shown. A flat-top wedge (red Line Top) within a Pennant. The 1D B-Bands are squeezing hard. Theres no question something soon is going to happen, however the low volume trend in the past few days leads me to think that a downwards push into the mid 5000 Sat range is not only possible,...
Seems the past 24 hours has been a slice of humble pie for me. One thing I have learned in trading is if you cant admit you were wrong, you will never be right. I was wrong. Now changed to a yellow line, this was my suguested bottom trend line . It was broken under very light volume for a hand full of candles. Increased buy support today up from 13 BTC to 100+...
Under lower volume conditions and a slight upswing in BTC Prices vs the USD in the past 24 hours, it is possible V R C has reached a settled price range of 6k-6200. I would expect, that under these conditions that market makers will try to break the green bottom trend line with a push to weekly S1 5400-5500 area. A break out is still of course possible, however...
Bouncing off the upwards trending bottom of the channel on sunday/monday however velocity was low. There is a potential down-side channel forming Leading to support Level 1 (Yellow Channel), and current resistance short term seems to me just below the weekly pivot @ 7189. This could be another good entry for an R2 Breakout like what happend on the 10th. R2 sits...
At the bottom of this channel that seems to have formed. Today should confirm or reject a trend potential. Min Upsid.e 6730 (if the cloud rejects further), Med Upside 8200 if the cloud is entered but the wedge rejects., max 9200-10.5K if the wedge is broken under high volume across all exchanges. Heavy Resistance at the 9000-10000 range as shown historically in...
Under the Ichi Cloud consolidation and indicator reset. It appears a trend channel has been formed. If Resistance becomes support under increasing volume a significant break-out could occur. Or a 3rd wave within the channel possible. As always this is simply an idea & does not constitute what will or may happen.
Jumbo flake graphite exploration for Hi tech usage. Sat on support from price and stochastic trend line.