VET DAILY TRADE #8 --> pattern may be changing!So I totally forgot about yesterdays VET trade! (Feel like I actually charted it up but accidentally restarted pc.. not sure!)
*EDIT= i hesitantly think we are in an ascending channel now, or it could be an ascending channel.. haha. Be careful DYOR! With the .20 resistance its more of an ascending triangle right now.
So if you bought in the zone last trade, you will have got stopped out, or you better have! -5% I generally recommend getting out. After that you have to protect yourself. This is an inexact science, conditions change constantly, don't enter these trades if you aren't prepared to either take that -5% hit or at least actively track the trade throughout the day.
VET walked straight through the lower trend line, gave it poor respect, its followed FIB levels far more accurately. Dream entry here would be buying at the .1895 FIB level , i will set a buy limit up right now for it!.... ok $500 USDT committed.
Personally, I don't see my buy getting hit. The thing with entering on that trend line is a good entries constantly in flux. Right now .1895 can work if we enter a short term downtrend, but 4 hours from now... it changes. This trades relevancy has a short half-life, partly why I guess I do a new one each day!
VET has had some good news, was trending a bit yesterday, people are talking about it, im guessing the VET reddit AMA went well!
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Todays VET Trade
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BUY: .1895
TARGET: .25
STOP: .183 or 5%
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**If you have queries about how to manage these trades send me a message or comment below. There is a ton of fine details to this which I don't expand on here and I'm often assuming most people are already aware of.
Vetbtc
*Morning* Market VLOG #9 -> BTC looking better, VET looks noiceWelcome to my quote unquote morning vlog. Hope yall having a great day! BTC rebounded a little bit, it has now made a dip overall I'm happy with. I'm feeling a bit more bullish, but am a little spooked that we haven't seen any price action downwards that's had FORCE to it. Also be great to get some distance from 54000, I wanna put that price mark behind me, youch.
VeChain (VET) Can Enter Top 10 Cryptocurrencies Soon (50% Gain)VeChain Thor's token VET has a YTD performance of 1000%+.
VeChain brings some of the most diverse, best and most useful solutions the worlds needs of all projects around.
VET is my second favorite coin to trade in 2021.
Price action shows a symmetrical triangle with small resistance.
Trendlines might still get broken slightly and price might consolidate a bit longer, most probably forming a bigger triangle.
Target:
I used the height of the triangle to get a target of 0.37 USDT.
Using a trailing SL could give you an even higher return with these higher lows.
(Personally I trail 50% and sell 50% at my target.)
The long wick on April 18 was due to a liquidation. A liquidation occurs when people are overleveraging their margin in a market and suddendly they don't have enough margin left.
Price only has to drop a little bit and their long positions get closed automatically with an opposing market (sell) order that gets executed immediately. (Margin Call)
As a result price can drop very hard in a couple of minutes and this can create a snowball of liquidations following up on eachother if lots of people are overleveraged.
VET looks bullish against BTC as well:
What is VeChain?
VeChain offers useful solutions for enterprises by enhancing their supply chain management and business processes via blockchain.
The information is kept in distributed ledgers via so-called Distributed Ledger Technology.
This is where VeChain initially began in 2018. Since then VeChain was renamed to VeChain Thor and moved forward to more general dApp solutions similar to Ethereum .
With VeChain Thor you can solve a broad amount of problems like countering the production of counterfeit products or managing energy consumption.
If you'd like to know more about VeChain Thor and its ecosystem checkout their website .
Vechain recently got ranked 13th on CoinMarketCap and is on track for the top 10.
Did you know businesses worldwide lose $460 billion in revenue a year just because of counterfeited products? :o
14.1% of sales in the cosmetic industry in Europe are lost due to counterfeit products. ( source )
I mainly publish fundamental and technical mixed crypto analyses like this, follow me if you'd like to see more! :)
VET DAILY TRADE #7 ---> new colorful fresh approach!Trying to jazz these graphs up a bit, hope you like the fresh new look!
Vet false breakout yesterday you could play the break again, but its feeling a little risky to me. 2 reasons, first is I think we want BTC to correct here at least 5%, second is VET didn't pop like VET has done before. 3 weeks ago it goes 20% minimum here, this just highlights again bullishness is dropping off for vechain.
I'm not sure why peoples bullishness has waned, you can never really tell in markets. My take is, right now there's diminishing returns of trading it and opportunities for gains elsewhere are so much higher.
Likely the market wants VET to come down a bit more. vechain are doing a reddit AMA today so I'm keen for the summary cryptojtt can provide us!
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Todays VET Trade
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BUY: .2 to .193
TARGET: .25 and above
STOP: .183
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VET TRADE DAILY #6 ---> Lets move our entry to a breakout!Only a small adjustment today, changing the trade from yesterday.
BTC feels bullish, I'm definitely expecting a pullback from BTC, just a small correction to shake us up a little. So far everytime I've expected it, BTC has pumped more...
This breakout play is forming across majority of coins, some have broken, some have not. VET is so high that the confidence in it breaking and returning to previous highs is shaky. I think a lot of people are also hodling VET, and after we went parabolic, there isnt as much reason to buy in anymore. Why buy back in here when you can get larger return on other coins breakouts? BECAUSE WE LOVE VECHAIN THATS WHY!!
Everyone's left poking at it, waiting for it to go higher. I have a strong sense VET may go sideways for a few weeks, in an upward trajectory.
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Todays VET Trade
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BUY: .198 or below
TARGET: .25 and above
STOP: .191
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VeChain (VET) - April 27Hello?
Dear traders, nice to meet you.
By "following" you can always get new information quickly.
Please also click "Like".
Have a good day.
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We need to see if we can get support at 0.17029034-0.19129250 and climb along the uptrend line.
If you go down at 0.16817286, you need a short stop loss.
However, you need to trade carefully as you can touch and climb the 0.12828604 point and the uptrend line.
If it falls at 0.09410614, you need a Stop Loss to preserve profit or loss.
In the CCI-RC indicator, it remains to be seen if the CCI line can break above the EMA line and continue the upward trend.
If the CCI line and EMA line intersect, volatility may occur, so careful trading is required.
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(VETBTC 1D chart)
We have to see if we can get support and ascend in the 316 Satoshi-350 Satoshi section.
If it falls at the 221 Satoshi point, Stop Loss is needed to preserve profit and loss.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Cigar at the time of opening
(Example) Gap (G1-G2)
VET DAILY TRADE #5 --> channel breakout loomsGoing for a much more passive play here today. There is definitely a breakout on the cards here, you can see at the .206 mark that VET has wanted to breakout and get back to the .25 mark again, but BTC got in the way.
BTC can get in the way again today ofc, I'm waiting for a correction today, I wouldn't mind seeing BTC steadily come down to test 51k, which would make the entry for today more the .18 mark, so speculative tommyt, risky tommyt suggests the buy is .18
I'm not feeling that today, only keen if its a big ole dip, but if its a REALLY big ole dip... its likely BTC tanked. If that happens, I wouldn't trade anything, just watch price action or take the day off!!
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Todays VET Trade
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BUY: .15 to .16
TARGET: .25 and above
STOP: .147
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Morning Market VLOG#5 --> BTC swinging up on 1day finally!Im starting to get more bullish, towards end of this video i notice we are only just getting started on todays candle... so theres a long way to go yet. In a day we will have a much better sense of this reversal!
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TIMESTAMPS
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1:25 = get to BTC chat
2:10 = CHECK OUT MARCPMARKETS ! great TA and advice he gave on this idea of his i look at
6:00 = i have a good 2minutes of confusion with charts sorry!!
12:35 = deep thoughts on price action
16:30 = look at some fib retraces if we come down today
17:35 = SOCIALS / AGGREGATOR CHECK IN
Morning Market VLOG#4 - btc could be bullish today 🙃Hope you had a wonderful sleep! Almost lunch time so the upload was a little slow. We getting choppy at the bottom here on BTC.. and fingers crossed its the bottom! Man these 20 min videos just fruiting fly by for me lmao, finding it hard to keep BTC daily update under 10 mins.
0:00 = BTC updates
3:40 = Lower trend line bounce today?
5:00 = Looking at BTC indicators
8:50 = fallacy in saying past pumps may mean pump now
11:50 = Brief VET look
15:00 = My VETT daily trade yesterday went HORRIBLY!
16:45 = Checking out socials and news aggregators
VET DAILY TRADE #4 --> MOTHER OF ALL RSI CHANNELS *not my TA!So my trade yesterday broke horribly! I'm looking at the aftermath today and i honestly cant find anything on longer time frames. Its in no mans land and arguably hasn't even found where it wants to bounce yet, so i cant even find a decent lower trend line.
All I have notice this morning is this fruiting mammoth VETUSDT RSI ascending channel that cryptojtt, the vechain prince, pointed out. LOOK AT THAT THING!
His interpretation of that rsi is to bounce, my interpretation is basically PTSD from 2017 telling me, what happens most of the time with an ascending channel thats been forming over a long time...?? IT BREAKS DOWN!
But then the bull in me is like... BTC not looking bad today i gotta be honest! Maybe todays the day we get bullish again?!
I dunno man, i cant give advice here because I don't know the future. I'm feeling more bullish on longer time frame VET trades when VETBTC gets below 300.
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VETUSDT TRADE DAILY #3 --> Asc triangles everywhere!Potential setup here. Its on the 1 hour, 4 hour doesnt look too bad. These are forced trades on VET for me, they just a daily thing im having fun with, i dont recommend trading them.
Problem with this setup is relevance on smaller time frames. BTC is testing 50k, i think, as of writing, it wants to touch below it at least once. Does feel a little bullish overall tho, like we are interested in exploring higher highs today.
These ascending triangles are forming across a ton of pairs now, evidence higher highs are being made and ALTS are reacting bullishly to it. ALTS really look like they want to go up.
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Todays VET Trade
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BUY: Along the trend line when it comes down to touch
TARGET: Prepare to sell .206c to .207c
OTHERWISE: take profit after the breakout, get a close above the 206 to 207 mark then strap yourself in.
STOP: .185c or 5% below wherever you may get in on the trend line
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Morning Market VLOG#3 - We could be entering an uptrend!First 15 mins on mostly BTC price movements of the past 24 to 48 hours, i go over VET briefly and look at IOST and BTC on 1minute that i was watching last night.
I end with checking out some useful market websites, checking reddit and some crypto news aggregators
VETBTC TRADE DAILY #2 ---> DANGER! dont trade this unless stupidPretty simple one today guys, we are outside the ascending triangle , breaking pattern. We are oversold across the board. We are showing all sorts of bearish signs, we have no identity, completely following BTC price action.
Only hope is a hail mary last ditch tom brady style throw from deep to try and win it all.
DONT TRADE THIS, ONLY take greedy entry down towards 413, yes iam trading this, yes im stupid, but this is for tradertainment purposes. Can i beat the market?!
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Todays VET Trade
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BUY: 413 to 422
TARGET: 445 to 450
STOP: 410
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Issue#1 - My VETBTC trade for 4.20.21 TuesdayThinking of doing this as a daily practice, seeing how well I can pick it day to day haha
This morning I saw two ascending trend lines for potential bounce, the grey dotted line doesn't look like it got much respec, my second line also doesn't seem to be respected, on lower time frames it looks a little different
here is on the one hour, some wicks around it
and on the 15minute more significant.
Overall significance here is pretty poor though, I would never normally trade on these, but today... haha, I feel like trying to trade on VET each day so I'm a start here.
The MAIN reason behind me entering here is essentially trying to pick the bottom for BTC and relating that to is this the bounce for VET that creates some kind of triangle? (I posted an idea just before this comparing side by side XEM to BTC trying to predict the bottom, link below!)
Tomorrow I will risk less money on these VERY high-risk trades, today I went overboard, whoops!
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Todays VET Trade
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BUY: 390
TARGET: 450
STOP: 370
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Happy 420!
VETBTC ... what if i said to you... 650! :O650 SATS!
Hear me out!!
This most likely wont happen in the short term, im expecting BTC to come down and test 50k again. But the reality of a current break above 450 is at worst to test 550 to 600. VET has been one of the 3 most bullish coins during BTC's recent dump. Its price action has been like playoff Patrick Mahomes from last year. Its price action is picture-perfect, pumps, retraces healthy, pumps and so on. Its a supermodel graph.
Ascending triangles are forming across the market right now, various coins are pumping up as they correct back from the selloff.
I see 2 opportunities:
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Opportunity #1
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BUY: 450
TARGET: 500 / 550 / 600 / 650
STOP: 425
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The second opportunity... IM GIDDY! I fruiting love this entry. This entry takes into account BTC potential incoming dip, it takes into account VETs resilience to handle dips far better than all other coins, it plays on good fibs and a potential place for it to bounce nicely. It FEELS great!
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Opportunity #2
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BUY: 380 to 400
TARGET: 450 / 500 / 550 / 600 / 650
STOP: 360
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Theres a lot of intricacy to opportunity #2. If you look at my ascending trend lines, theres 2 places it could bounce off and possibly and even more likely chance that it just opts for channel pattern and tests 360 before bouncing. I will be following its price action downwards if the market tanks again, i would highly recommend buying in the 360 range if we dont bounce off any ascending trend lines.
Good luck guys. Remember, DONT YOU DARE TRADE RIGHT NOW WITHOUT A FRUITING STOP LIMIT!!! This is trading, not hecking gambling. Dont base your decision off only my idea... dont you dare do it! And if you could give my socials a follow id also be super appreciative!(Happy to follow back ;P)
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VETBTC - Possible 37% - bigger dips + bigger pumps!Everything is going crazy right now, please do not follow my TA here unless you are 100% prepared to lose 5% with my stop limit. My confidence with these reads are now back to regular room temperature, the previous dip and pump cycle has changed slightly, from here on with how volatile an effect BTC i having on the market expect VET to follow the TA less and less.
ON WITH THE TA! - ↓
VET is still LOVING this .382 fib retrace mark. At this stage VET may as well marry that fib level, name a more iconic duo amirite?!
We hit 450, amazing! VET is continuing a trend of price discovery and LOVING the 50 satoshi increments. If we come up again, you betcha next KFC zinger burger it will want to find 500 sats.
But all eyes are on BTC as always, NANO went beserk, makes me wonder how many of these alts will we see a crazy 100% in a few hours hike? Is this the start? Or are these the signs he are hitting the top of this bullrun. Im always leaning to bearish since 2018 is still VERY present in my mind!
Be careful, set stop limit, know your risk, NEVER trade solely on what you read in 1 trading view idea.
-- Check out my socials in my signature below, very appreciated if you can drop a follow or subscribe :)
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CHEAT CODES
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BUY: 363
TAKE PROFIT: 500
STOP LIMIT: 345
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