Vechain / Bitcoin DailyWell, you see, I was massively wrong about last ideas. This is a hard market mates! But, this is possible happening:
* Good chance we are making an big ascending triangle on the daily!
* Volume is relative low, last upward momentum to 110 sats looks l ike an expansion fase an not the real run up.
* Lower lows.
* Bitcoin controls strongly the altmarket, That's why Altcoin TA is wrong many times
Let's see what happen next days / weeks
VETBTC trade ideas
VETBTC - WEEKLY I will share my thoughts of the current market situation and any possible targets. You can make your conclusion out of this and make your own decision how to play it!
VETBTC; on the weekly chart it seems that a giant inverse head and shoulder pattern is creating. Currently there is a right shoulder in the making.
I don’t often use a fib time zone but in this case the tool works perfect to get an idea when a lower high will be set. As you can see on the chart it worked out well twice. When the right shoulder is created we can try to break the neckline.
Since this pattern is in play since 2018 I expect the rally after the break to be huge. Target is on the chart.
VETBTCOk this is analysis if the VETBTC breaks into 3rd EW with target 142 sats.
The price bounced twice on the 200 DMA and it is now weekly support. Also a 0.618 Fib retracement from the first wave.
Invalidated under 200 DMA support which is now 61 sats.
For sure this will need hyping from Vechain team with pahtnaships.
$VET, Trying to break from descending channel...$VET
Trying to break from descending channel w/ increasing volume after some consolidation at ~66 sats support..
UCTS turning green (Buy) across all LTFs
MACD Bullish divergence & starting to cross Ichi cloud on the 1D
If continuation happens, then ~75/80sats as target..
#VET
Vechain Completing .618 RetracementCharts time frame is 8H
2+ closes confirms the reversal but i believe if reversal if happening, it will be fast & furious
My planned Trades are like on the chart
I buy breakout&retest on the green line or I buy D bullish orderblock , if it reaches there
BTC's fuck up will definitely effect this trade imo.
But its a good setup and i dont mind risking 1R to this lovely trade
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The Color Map of The Chart
Red = (M)onthly
Yellow = (w)eekly
White = (D)aily
Green = 8H
Blue = 1H
Rainbows = Mins
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VETBTC bitfinex massive upside wickI believe this wick on bitfinex along with the weekly cup and handle is telling us that The bottom is in and VET is about to enter a bull market
VET aiming at 50-120% profit- On the weekly chart, VET is sitting on a growing trendline, also corresponding to MA 20 which acts as a support.
- Macd is turning positive, indicating a bullish trend and momentum coming.
- Buying pressure is growing in the green and positive field.
Now it is aiming for a minimum 50% profit from the current price. If we close above the falling trendline, it can easily reach the 150 sat area. The current correction is a great opportunity to enter. I am in this trade since the 68 sat.
Follow me for more ideas, drop a like to support my work and feel free to leave a comment with your opinion.
VET ANALYSIS (200MA BOUNCE!)VET ANALYSIS:
VET has bounce strongly off the 200MA and also broke thru a short term accumulation. I expect VET to continue this rise up to T1 at 76 sats. T1 would be a break thru 100MA and a close here would enable a push all the way to double top surpassing T2 at 81 and T3 at 87 sats. Expect exhaustion to come near 90+ sats. The currently entry zone would be in the range of 64-69 sats. On the downside if VET does break back down to 58 sats and BELOW, then this support has failed and look for a drop back to support at 35-45 sats. So far, VET looks to be bullish and I expect the double tap to weekly resistance before any real resistance comes into play.
Possible Entries: 64-69 sats
VET ANALYSIS (SECOND ATTEMPT AT RESISTANCE)VET ANALYSIS:
VET recently hit both T1 and T2 take profit spots! Congrats to those who followed thru with my previous post! VET dropped back down and is now again, a buy. Look for entry near 70 sats, and put targets back into place as followed: T1 at 77 sats, T2 at 81 sats, and T3 at 89 sats. VET is expected to make another run up at the daily resistance block. I would exit this trade upon entering the red zone as it is a known rejection area. 200MA held well as support and RSI and Stoch now have plenty of growth after the recent breather. The only downside is decreased volume, a possible double bottom at 60 sats is still in play, but not as likely. Look for a move back up towards T1 and T2.
Possible Entries: 68-71 sats