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VeChain / Bitcoin

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VETBTC trade ideas

Can VET Pull A TRX?If we're going to see another cryptocurrency bull run, VeChain is one of those cryptos with a very active community and a strong price support. VET is something I've been accumulating throughout the bear market, and have increased my stack by nearly 500% since I first bought. I continue to occasionally accumulate through redistribution of other coins. In my last VET analysis, I said a move towards 130 and then 150 was possible. VET topped out at 158 (slightly above my target) and has since moved down to retest the 109 support. This analysis is another example of why I use ETH ratios. Look at the VET/ETH pairing. Something I've observed time and time again in this market is how often traders use the ETH pairings. Just look at my recent BAT analysis (linked at bottom), and how I was able to predict that major breakout. Based on the VETETH chart, I think we can expect a major VETBTC breakout as well if that 0.000045-46 area is breached. You can see a pretty large potential ascending triangle forming there. I may enter a trade if that happens, or simply add to my VET with some Ethereum. Perhaps I will even enter sooner. We will see. I think based on fundamentals and analyzing price action across pairings for VET, it could make a seriously explosive move. The circulating supply of VeChain is close to that of XRP. That means that even if VET can be worth half of XRP's market value (I think this is certainly possible, based on their caliber), it could be worth as much as 15 cents in the not so distant future. This would mean that it could make an enormous jump, all the way towards the 2000 sat level, which would be nearly a 20X increase against Bitcoin. We've seen this happen in crypto before (think TRX, and even XLM in 2017). I fully admit, this is a bit of a "moonboy" fantasy. Keep in mind, this is a bullish scenario, and it does not have to play out (this is certainly not financial advice). This is purely my opinion and speculation at the present time. VET can also have a major breakdown if investors lose confidence in holding the token. This could happen if the 100 satoshi psychological support is lost. Perhaps a quick stop hunt is possible as well, but it's a little more difficult with such a large token supply. -Victor Cobra
Long
by VictorCobra
1
Daily Bullish Signal $VET #VET #VETBTC #BTC $BTC (1 May)RED ARROW indicates the EXPECTED Time and Targets Level Stoploss point up to maximize profit and reduce risk I'm working all the time, even in Bearish Market ====================== My path doesn't seem like anyone. I'm like a MONK, always studying to find the direction that prices will follow. I will feel very comfortable if the price goes exactly in the direction I drew. I will always try and practice until PERFECTION is MY OWN
Long
by CryptoStation
VET Could be more Bullish than youd thinkHmm.. I just noticed this. What do others think?! Please, please comment below. I initially thought swing, now I might think long (!??). If were in this ascending fan thingy, were making higher highs and higher lows. So, far our low of 109 sats (most recent) is above the one a month or so ago (106) which is above the ATL (102sats). Let me know what you think. Getting (and holding) past 115 sats is a starting point. Looking decent in getting there as of writing, holding, we will see. Then I think some potential targets open up, per chart. ***As I am very new at this-- ofcourse this is not trading advice*** Id like to think of it as opening a discussion for now. Im not telling you things! Im saying something I think might be a play--so as to start a discussion on it! (Comment below :) ). Take care, Ill be watching this one closely.
Long
by LtCmdrData
VET-BTC DowntrendVET:BTC is currently in a downtrend. The Double Bollinger Band middle line has been rejected (closed below it) and now we saw a drop in price again. When it closes above the middle BB, I am more confident in a change of trend. Until then I do not advise to enter VET:BTC at this moment. However if you are a scalp trader, you can try to scalp on the shorter time frames by adding to your bag at the 2nd lower BB line and sell on the bounce (will be only a few % gain though). Might workout if you stick to your stoploss and sell target. A close above the middle BB would be a decent entry for a longer term position (not intraday).
by CryptoHunterA