Vetbtc
[VETBTC] VeChain Trade [100%+ PP]Recently had a name change from VeChain (VEN) to VeChain Thor (VET), this is one of the most famous cryptocurrencies out there. With a very strong project, it is in the top 20 cryptocurrency by market cap. Let's open up the charts, and see how we can trade VeChain.
Analysis:
- This chart looks quite different to most of the other charts we've been looking at lately. You can see a very strong drop on the first portion of the chart. This is the 14th August low that we keep seeing, this is when the altcoins market first created a low point. Market wise, we had another strong drop which hit by 12th September, this is not reflected in the VET chart above. The 12th September drop here is much smaller, this is because all of the weak hands (sellers) were removed on the strong drop before.
- We have strong bullish divergence on the 4h chart, with a reversal candlestick and above average volume. All this can lead to a break up soon.
Upcoming events
- VeChain (VET) 31 December 2018 (or earlier)
System for BYD Vehicles: VeChain has developed a system which will be implemented in over 500.000 BYD vehicles before the end of 2018.
Trade instructions VETBTC (VeChain)
Buy in: 0.00000175 - 0.00000195
Targets for VETBTC by Alan Masters:
(1) 0.00000220
(2) 0.00000240
(3) 0.00000272
(4) 0.00000292
Stop loss: Close daily candle below 0.00000171. (Updated 15-Oct.).
Capital allocation: <10%.
ACCOMPLISHMENT
You start with your mind, like a game, with your thoughts.
Then starts the action, your body gets involved.
You start to move, play around, starts the game.
Your are in it to succeed, you are going all the way.
Finally the finish line, I can see the goal, I can see the end.
This is my accomplishment, you have to live it to understand.
Namaste.
VETBTC setup#VETBTC setup what I looking atm. $vet is on bearish divergence on 4H but remember still can go down and have that divergence. "Maybe" b is finish and if break above 195 (EMA200) that can be signal for long with tight SL. Break bellow last low best entry 160 - 165 & 140 best R:R. Remember there is 2 count for leg C. But in 1st case targets above atm is from 10% - 40%. In 2nd count if VEN hit golden spot 0.618 fib R:R is bigger. Always use stop loss, money management and take profits in stages.
VECHAIN BEING ACCUMULATED BY WHALESRN VET is heavilly surpressed by whales, lots of fud, trying to push the price down by the weak hands
Why should we go up?
1) So many real world partnerships
2) hidden bullish div
3) whale accumulation
4) 65% of supply already locked in masternodes
5) 5-10 November 2018 | China National Import Expo
6) Many ICOs incoming
President Xi Jinping stated:
“It is not just another expo in an ordinary sense, but a major policy initiative and commitment taken of our own accord to open up the Chinese market.”
Node and rewards overview: vechaininsider.com
NORWAY x CHINA partnership: twitter.com
VET- Good opportunity to accumulate before breakout!After a perfect correction to 50% fib level looks like VET found a support area here and I decided to add some bags to my portfolio with a tight stop loss under the support. Looking for these blue lines as targets!
Indicators also oversold indicating a possible reversal from this support area.
Chasing next 50% pump coin: VET!?Hello Traders,
I have been trading VET/USDT pair recently as the price action has been very predictable in 5 mins frame, and I believe that it is undergoing accumulation phase.
Looking at 4 hour chart for VET/BTC pair, VET has been stuck in a very tight range for some time and both bulls and bears are desperately waiting for price action (at least I am). There is a very tight squeeze in bollinger band which support the volatility is imminent. (Even with recent Bitcoin bear breakout, VET/USDT pair remained fairly untouched which suggests the strength)
In case of bull breakout, I will be swing trading purely based on support/resistance and key Fibonacci level. I believe that VET/BTC pair can go up to 244 Satoshi in the upcoming rally as the key Fibonacci level will overlap with the key resistances/supports.
Stop loss: 190 Satoshi
Happy Trading!!