I expect bitcoin to retrace to 26800. Afterwards we can go up next week to newer highs
- RSI on daily back to median position - RSI on 4h back to oversold position Why down? => BTC went down firstly because of major sell (15.000btc) => Liquidation of longs because of sellof => Afterwards UK inflation numbers were published (10%) Why up? - EU approves crypto licensing => Will probably test 32k again, weekly close above 32k would be great. => If we...
Btc will go to the resistance of 29k and afterward will get a pullback to 25k. We'll see from there.
Big resistance on 28k Fibonacci returns the same 28k resistance I expect btc to bounce from 28k to 13k zone, we are still in a bearish market, we can't hold these markets.
From the LVL of $55k we should see a support that is tested multiple times. After it we should see small resistance on 60k and bigger resistance on 68k. RSI is looking good. Send it!
VET beautifully retested swing high! RSI went down so great! Lets fucking rocket now!
I am very bullish on VET! We should see VET to 0.23$soon ! The RSI shows that VET is almost 'overbought', I think we should have a pullback to 0.12$ so the strength can go down and we have a retest. Afterwards we will go to new heights! Fibonacci shows that we will be heading to $0.16, 0,19 or 0.23$.
*We will update this chart daily.* VeChain is currently (at the moment of speaking) trading at 0.188714 dollars. We just got a correction that was needed to keep the upwards movement. The correction was caused by Bitcoins correction caused by Elon Musk tweeting about not accepting Bitcoin as Tesla's payment because of the huge energy consumption when mining...
Hold on guys! 0.30 cents coming faster than you think.
Idea of VET with head and shoulders
VeChain went out of the consolidation phase Sunday 02/05. A lot of people thought it would immediately break out. But VET did something else. He formed a cup and handle. What is a cup and handle pattern? William O'Neil's Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The cup forms after an advance and...
Vechain probability short term ~30% and in some weeks maybe to ~65% Hope we break the resistance quick, time for some gains.
VeChain is currently trading at 0.1915 dollars. The MACD is used to identify the trend direction. At the MACD (bottom chart), we see that we went all the way to the bottom and then reversed completely proving that we are still bullish for the short term. By using the Fibonacci retracement, we can see that we currently have resistance at 0.1985 and support at...