VETBTC continue to rocket or come back to 130?
Updated
Heya guys, took my profit with this last pump! Very tasty march treat :p. Now its all about timing the dip, using these profits to get back in, but where will be the next best entry?
Right now we are pretty oversold on the RSI and MACD. BTC is taking a breather and who knows how long that will take, theres been a ton of buying the past few months so some sideways would make sense here. Personally, im expecting a BTC correction, so this usually means alts come down.
Depending on the BTC correction will determine the entry here. If its a short breather then i think 130 to 120 is the zone, we come back down to retest the top of that ascending triangle. If we fall down below that.. anything under 110 feels like an autobuy for me.. maybe closer to 100. Getting VET again at 100 would be incredible.
Guess im overall bearish here for the next few weeks while we wait and see what BTC has in store.
Right now we are pretty oversold on the RSI and MACD. BTC is taking a breather and who knows how long that will take, theres been a ton of buying the past few months so some sideways would make sense here. Personally, im expecting a BTC correction, so this usually means alts come down.
Depending on the BTC correction will determine the entry here. If its a short breather then i think 130 to 120 is the zone, we come back down to retest the top of that ascending triangle. If we fall down below that.. anything under 110 feels like an autobuy for me.. maybe closer to 100. Getting VET again at 100 would be incredible.
Guess im overall bearish here for the next few weeks while we wait and see what BTC has in store.
Trade closed: target reached
As i mentioned in my other trade for this, i took 30% at 200 and will hodl till 300
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