VTCBTC trade ideas
#Vertcoin / #VTC - Is it time to move up? Probably YESHaven't done a follow up on #Vertcoin for a while. In my last TA for #VTC the price didn't hold the expected support levels and since then has been falling around... (as most altcoins had been in this same period).
At the present, I see that (and IF bitcoin continues to go sideways or up...) Vertcoin can also regain some lost grounds and will try to move up a bit to conquer lost ranges and hit resistance zones... Let's wait and see...
VTC-BTC, breakout from trendlineDue to the correlation between BTC and altcoins, all the structure and momentum that was beginning to be created in the last few days were lost as BTC price went down and test lower levels.
BTC higher term market state seems to be pivoting but we remain cautious and doubtful on volumes.
Some coins have awoken our interest but we need more structure and volume.
We will continue to update for any trade suggestions.
Vertcoin pushes through support Vertcoin has been wedging for a while now. Since it experienced a sharp drop in December 2017, the price has started to create lower lows and lower highs, hence creating a wedge. After touching the trend line resistance, the price has pushed down sharply as bears take full control. Furthermore, it pushed through 127.2% extension after a brief bounce and it looks like it's heading toward 161.8% support. This key Fibonacci support coincides with the wedge support at 0.000125.
Since we are also below both 100 and 200 MA on all higher timeframes (h4, D, W), we advise not to enter a long position and look for a bounce before we reach the big support level around 0.000125. In case that scenario is materialized, then a long setup should be initiated with following levels to watch for:
Entry: 0.000125
SL: 0.000080
Target: 0.000215 (horizontal resistance, previous support + wedge resistance).
Vertcoin - Btc strong bull divergence, going for it just Now!
Vertcoin in is strong pre bull phase accumulation i guess since rsi is showing HUGE buy power and many traders not noticing it, i guess it will fomo harder soon, im in whit no target. Just enjoying the ride of the bulls. Got in heavy on this lets see.
VTC/BTC The big or bust apex (Chart 04 of Training log)Vertcoin/BTC 1 week chart.
Vertcoin is approaching a very crucial APEX, with intersections of the current diagonal resistance line, Horizontal support line, Diagonal support line that is still in my eyes valid but has not been tested in a while and a old diagonal support line that would be the final level of support for Vertcoin.
Declining Volume means that this current price level is not stimulating buy pressure and at the moment selling pressure seems to be more dominant. I have drawn this conclusion from the declining price levels coincided with the rapid continued divergence of the 7,14 EMA.
I have used the 7,14 EMA as a gauge of short term price action due to the nature of the EMA weighting value to the more recent price action and as both the EMA lines are in a decline and diverging, this suggests to me that the price will test this horizontal support line and may breach it.
The MACD also on a shorter time frame than usual shows that the standart moving average values for the 7,14 MA have been converging and i had previously drawn them on my chart and they were still converging and about to potentially cross which can be perceived as a bullish signal.
Even if the 7,14 MA were to cross i would still consider the other factors of the chart to be of far mroe significance to determine the price moves of VTC.
Given that BTC has been declining is USD valuation as of late, and my recent analysis of the BTC chart gives me a solid basis to suggest that BTC will consolidate and then proceed to move up vs USD, I would wager that VTC will be having a period of consolidation around its current satoshi value.
However in summary i believe once BTC begins to move upward there will be not enough buying pressure to give VTC the sustained breakout above the resistance line its currently following, and thus we will possibly see VTC coming back to retest old support levels around the 0.0001 and below area.
Hope your VERT bag is readyThis setup is looking sooo good. With Bitcoin pumping this is now just the logical move. Bounce at the Bottom of the Channel and the Cloud. Next target on the start. Honestly by now you should already bought your bag. BTW.. GRS and VIA already on binance. Only a matter of time until VTC gets listed.
VTC to make a move soonVTC is being accumulated around 26k-29k satoshi and is going to decide to break out from a big triangle (or maybe not)
If you want to take risk, you can buy now or play safe to wait for the price to break the triangle then buy in.
Target profit:
TP1: 0.00034900
TP2: 0.00038900
TP3: 0.00043500
Stoploss: Under 0.00026000
Good luck
Just a baby boom coming... (VTC)Fellas, fellas, feeellaaaasssss....
I had some dreams about Vertcoin... i´ve been lookink her, and after i heard some guy that i really respect, i decided draw!
What i found? Look these patterns, man! Look the wedges... And mainly, look the acumulation (RSI and Candles) that she is doing since april 4th! I cannot to see it and ignore. My body is shaking, and feeling a possible boom. Yeah, a bom bom pow! Following fibbo areas, i believe 27000-31000 is really a good area to acumulate some bags. There is some risk to breakdown below 27000 (The king can do it!), but i believe i can afford it! So, i am finding good entries and preparing a good trade with this girl.
After read it, search the song called by "Boom Boom Pow", of Black Eyed Peas, pump up the volume, and concentrate in the possible green dildo we can see in next days...
C´mon!
"Gotta get-get, gotta get-get
Gotta get-get, gotta g-g-g-get-get-get, get-get
Boom boom boom, gotta get-get
Boom boom boom, gotta get-get
Boom boom boom, gotta get-get
Boom boom boom, gotta get-get
Boom boom boom, now
Boom boom boom, now
Boom boom pow
Boom boom"
So, if you agree, like it, dude!
Warning: this is not an advice to buy, is just MY VISION! Don't do any trade based on my charts, DYOR!!! It's not gambling, it's trading!
"The stock market is a device for transferring money from the impatient to the patient." - BUFFET, Warren.
Luv u!