VETBTC trade ideas
VET/BTC (0.618 Fib Strong Support?)BINANCE: VETBTC
-VeChain tested the 0.618 Fib level and we saw a good bounce
-The 109 sat area is a confluence of previous support turned resistance
-If VET pulls back to retest the key support area and bounce strong
-We wait for the trendline resistance breakout to confirm trend reversal in the short term
-The upside potential target is up to 198 sat and the ideal stop loss is below 108 sat
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^Not Financial Advice
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VET/BTCI really like this VET/BTC set up here. It's sitting at a strong support zone and has been holding it quite nicely. However, the market is very volatile right now, so definitely manage your risk! I'm long VET either way (So I'm accumulating here), but this shows potential for a quick scalp to .140 sat area. Good luck!
VET / BTC Triangle. Work in a trend. Past idea + 435%VET / BTC past idea + 425% without margin and leverage. The last idea of 2019 + 200%. The pair against the dollar +30% +50%+ 600%. I fully accompanied the price from the very inception of the trend, as I myself actively participated in the trading. You can see it in the updates under the previous trading idea. The entry point was given a few days before the inception of an uptrend at the lowest price. The coin has acceptable liquidity and there is a margin, which allows working in two directions. I have been trading the coin since August 13 ( 8 ) 2019.
Past trading idea for this pair:
VET / BTC Potential double bottom. Previous idea more than + 200% Published May 23
Result + 425% from the entry point. In the trading idea itself, see in more detail how I followed the price in the trend.
Pair to dollar
VET / USDT Symmetrical triangle. The Dragon is forming. + 60-300% ... Published Jan 19
The result of the work. + 30% + 50% + 600%
+ 30% false breakout of the downtrend line.
+ 50% short work in the specified area.
Then the removal of the stop loss by the faith of the zombie traders below the support zone and a set of liquidity. We knocked out even the most inadequate stop loss size. The trend reversal took place without passengers. Use Stop-Loss "gentlemen", let's gain positions with a minimum step and discounts). TA books are sacred))).
Then, the development of an uptrend and the embodiment of the specified pattern on the chart. From the specified price reversal zone + 600%. 1318
The situation is now on the pair VET/BTC
BTC clone situation winter-early spring. To understand what could happen, look at my trading idea with this formation that formed on BTC which I published 1 year and 2 months ago. On such coins, the process simply goes faster.
BTC possible formation of a global triangle. Alto pump at the end of the formation. Jun 28, 2019
8 months later
Then watch this BTC/USD work / learning idea published in February 2020 already the year this global formation practically formed. Also in the video I talked about how to work and what will happen.
TRAINING / work Trading on trends and important areas using the example of Bitcoin. 15 february 2020
On the VET/BTC pair, a symmetrical triangle-like formation with a 160% base is currently forming in a secondary trend. The price is clamped. Work towards the breakout of the formation. Be aware of the possibility of a false breakout.
1318
Vechain Looking really Good!I prefer looking at the weekly charts to give the outcome the Bigger Picture.
Vechain looks really solid. On this chart we have 4 Indicators provided in the Public Library written by some good script writers.
TradingSystem101 by chartArt
I ndicated a buy on the the week of August 3
Slingshot by Chis Moody
Big trend Indicator showing the bears are over starting a week later Week of August 10th
SuperTrend by Mejialucas
Indicated a Buy on the week of June 8
Hash Ribbons by capriole charles
Indicated a Buy on the week of June 22nd
VETBTClets see if vet can hold support and breakout then retest the falling channel pattern to tap the level of supply above us !
Vet just bounced from .5 fib on dailyI do like how beautifully VET bounced from .5 fib, 2 times in August. To me this looks like a beautiful setup, however I'm not liking how BTC looks today, and NGL, I'm a bit scared of BTC dump, but if everything stabilizes this could be a very nice setup.
I think if rsi goes above 50, this could be another confirmation. However, I don't like that any logical SL for this trade is below .5 fib, which is 10+%, around 134 sats.
Volume is slowly creeping up as well.