VRCUSD
Looking for a new GEM ( shit coin in crypto )Willing to buy my own bag ( that I sold in June ) if it breaks the downtrend-line.
WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET!
1 ) Trade with BTC pair in a bull market, trade with USDT pair in a bear market. Don’t confuse it!
2 ) Less is more! Don’t use more than 4 – 5 indicators at the same time.
Trend lines, Moving Averages, RSI , Fibonacci levels and Chart patterns. Drawing lines are the most important indicators in any market.
3 ) Averaging down is the worst strategy. Averaging up is much better! You should buy coins when they’re on the way up in price, not on the way down.
Bear markets can last as little as three, six, or nine months or as long as two or, in very rare cases, three years.
So, there really is a right time and a wrong time to buy a crypto, but understanding the difference requires some study. There’s no such thing as being an overnight success
VeriCoin Trend Remains BullishFollowing the previous idea on VeriCoin , it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average.
The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels. These levels are confirmed by the Fibs applied to the corrective wave from the previous all-time high. Only a break and close below the 200 Moving Average could invalidate bullish outlook, but for now it is clearly trending upwards.
VRC Major C&H for 4000% target by March 2018First chart on VRC, so take it with a grain of salt.
After spending the last 4 years trading Bitcoin, I'm going to give it a try at some alts. VRC looks interesting as it appears to have a large C&H formation which has recently completed and the rally has already begun, but it's still early. The depth of the cup shows potential for approximately 4000% increase during this rally, so I'm estimating that buying at todays numbers of $0.58 and giving it a month or two, may see it rise to $16/VRC.
The real question will be if the rise continues beyond the Bitcoin fork and if the alt's are truly breaking away from Bitcoin to become their own markets. I don't see it that way. I believe the rapid rise in bitcoin is making it easier to buy these alts by diversifying a small portion of your hold in Bitcoin and buying some alts to see 10-20x or greater returns with some of these volatile rallies.
For now, I'll buy some VRC and hold for the fork, watch the fork and decide if I will continue to hold for the next 3-6 months. If things go well and still appear to be moving upward, I'll then decide if I want to hold the VRC or move it over to BTC for the FOMO rally after we hit $10k and start towards $20k with a target of $200k/BTC within 5 years.
VRC USD Bittrex DailyHere we look at a simple channel trend on VRCUSD for YTD. Looking for areas of consolidation naturally, and then once found, looking to try and time prior consolidation periods date ranging from a Local High, to a local low. To me, it appears we are in a 2nd longer time frame consolidation period of 50 days. (The two green highlighted areas on the YTD Chart) With the past local highs having four wics to the top of this trending channel, it seems that we are soon ending this consolidation and should see a markable price movement upwards soon. Of course BTC's price movement will affect the valuation considerably, however with BTC ranging on longer time frames in a 3-400 range, it too could be consolidating in the longer term. The heavy volume in September that did NOT result in an immediate push outside of the channel to me signals that the channel is strong, and is now looking for its 3rd conformation point. (Numbered boxes)
Out side of the technical aspect of the chart, The Vericoin & Verium team has confirmed they will be appropriately represented at websummit.com at the Lisbon Portugal Meo Arena with a staffed booth on the floor November 6th threw the 9th. It's said that here they will be able to demonstrate and explain the major key benefits of their planned binary chain with their Verium (Proof of work) blockchain along side Vericoin (Proof of stake) that will be conjoined in the future to eliminate the scaling issues that plague some of the most common, and highly traded blockchains including BTC, ETH and others encounter. It should also be mentioned that they will also be highly involved with explaining the other planned additions to the Vericoin/Verium suite of blockchains, such as ARTIS , SIPHER & USOR. (See Road map linked below for details) If you are not familiar with websummit, this is a technology convention with some of the worlds top companies attending, and persons of notable interest. For Vericoin and Verium this is a huge amount of positive exposure to a specific and targeted group of investors, VC's and corporations, which is exactly where emerging market technologies should be.
More information on Vericoin and Verium is found here --> portal.vericoin.info
Road Map found here ---> portal.vericoin.info
Road map Development Status found here ---> portal.vericoin.info
Vericoin & Verium Slack found here ---> vericoinandveriuminvite.herokuapp.com
At the writing of this Verium its sister blockchain is currently being traded at $2.08 USD On bittrex.com