VENBTC: why I just enter long positionHI All,
It's All in the chart: BTCUSD.
Just Entered into VENBTC.
RSI shows oversold.
When will the downtrend end, who knows, but this is a long position.
This trade VENBTC could go much lower, because its Predicated on BTCUSD.
Hence, stop loss is a must.
Swing traders: Statistics and probability are on our side.
Don't worry about being right all the time.
You just have to be right 50% of the time to Double your initial capital.
Up Trend: Impulse. Down Trend: Correction.
All wave Patterns are impulse or correction.
Sideway: Except for moving horizontally.
Retracement: Price hit Support, Reversal Period,
Stop Loss: 60/40 Split.
Resistance: Price Falls below Previous Support Level .
Only trade when you see repeated price pattern.
Limit to roughly 15-20 trades per month 2/1.
Impulse & Correction: 50/50 Win or lost: lose $50 - Make $100
Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.
Happy trading People...
Venlong
VeChain Long Next Target : 0.001 BTCBig Hidden Bullish Divergence On VeChain
0.00068 - 0.00037
Next Target 0.001 BTC
VeChain VEN ForecastVEN is an established coin which is trending and increasing its popularity as time goes by.
Chart suggests a gradual bullish trend with an opportunity to dip buy. Support level stands at 42,000 area. Anything below is considered a bargain buy for short and mid-term investors. VEN has the potential to return to upward trend and beyond. Overall chart is a good example of a bull run, perfect in the eyes long-investors.
Targets are attainable which should give quite a substantial return. Won't be a surprise if targets are achieved within the short-term period.
Events :
By January 2018 Partnership
This is not an investment advice, always do your own research.
