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Vertcoin

Vertcoin's Support & Resistance ahead of its "50 to 25 Halving"We have added more support/resistance lines for Vertcoin. This is based on our analyst Tony's math. This is a follow up to our first post on Vertcoin just over a month ago. We have provided support and resistance lines that have held up pretty well and we are expanding now expanding our projected resistance levels ahead of Vertcoin's halving on the 12th of December. But first lets get all the disclaimers out of the way! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 1) We have decided to plot these charts in USD/Vertcoin charts vs. the Bitcoin/Vertcoin pairing. The reasoning behind this decision is that we see more stability in the USD pairing. 2) This isnt financial advice! Don't bet the farm, Don't make any bets in the crypto space unless you speak to qualified advisers and read up as much as possible to make an informed decision. Our opinion on Crypto currencies are that they are a great social experiment. Unfortunately the government hates competition and at some point they will respond to this underground currency economy. Remember that saying 'Nothing is certain but death and taxes'. 3) Yes we are long in #Vertcoin ~~~~~~~~~~~~~~~~~~~~~~~~ The State of Vertcoin & The Blackhole Vertcoin seems to be on a pretty good path higher. The month of November was full of explosive movements and very healthy volume. A contributor to this healthy volume is a lurking buyer we found buying large chunks of shares at very specific levels. We posted this in our chart last month with the orange line at 4.46. This buyer consistently ran Vertcoin to that level and disengaged. While he did not provide a solid floor, he did accumulate shares in a significant way. We have also branded this lurker buyer a blackhole. "Yes ... Shaun Actually came up with that name". The logic behind it is that his trading habits / orders deployed shows that he is not selling. Typically your average trader is trying to manage a position, take some profit, and then redeploy. Not Mr. "Blackhole". A good example of watching him at work is to look from December 8th up until the 16th. He would not move beyond his ceiling price, and we saw #Vertcoin fall after he dropped out. The Push Higher The big push that occurred from the 26th of November to the 1st of December was was completely organic and didnt have the Blackhole's help. To be completely honest, there was very little activity detected for the last half of November. Where things got interesting was when we found one sign at 2pm on the 2nd of December at the price of 7.46. We then confirmed activity at this level (Dec 3 @ 4:30pm). This brought us much delight because plotted resistance lines at the same level. Actually within a few cents. We actually gave Tony shit for that for a few hours. But then we dropped the act and congratulated him on hitting a bullet with a bullet. SUPPORT / RESISTANCE PLOTS We have plotted support / resistance lines and marked where our lurker friend seems to be sitting. While we have plotted resistance at much higher levels, these are guesses based on volume and some input from our lurker. It is speculation to the highest order so again.... dont bet the farm on this! It is one perspective among many more here on Tradingview. SB RESISTANCE = 31.68 SB RESISTANCE 4 = 17.89 SB RESISTANCE 3 = 15.44 SB RESISTANCE 2 = 9.93 SB RESISTANCE 1 = 9.25 LUKER BUYER 7.46 SUPPORT 0 = 7.39 SUPPORT 1 = 5.53 SUPPORT 2 = 5.46 (Likely to be very strong re-enforcing Support 1) SUPPORT 3 = 4.71 SUPPORT 4 = 4.23 Cheers @NYSEDAYTRADERS
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by Nysedaytraders
VERTCOIN: Clear Bullish Triangle Pattern BITTREX:VTCUSD is forming clear bullish triangle in wave ("IV") which may end soon, because it's in a final stages of wave "e". To be sure, we always suggest to wait for confirmations. Confirmations are very important, because they give you a signal and more chances of being right! So, in this case, our confirmation is a break above previous wave "d" at 4.8 level, which could opens door for our minimum target projection at 6.8!
VLong
by ew-forecast
3
Vertcoin for all seasonsHello vertans, I am a total noob so please do not consider this to be financial advice. Daily signals look like this ship is ready to depart, perhaps after a short dip to 0.00042 range. If you don't already know about Vertcoin please read the info at vertcoin.org If you have already invested then consider making a small donation to the AMD optimised miner fund - this development will strengthen the network and will give karma to the voyage. VTC Donation Address: Vx6sNDZwKAWJ5GyDib4z7gkcV2gZQxnMkd
VLong
by SpaceToTheRight