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Vib

My $1k to $100k Challenge - Day 21 Trade #32 - VIBHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by the end of the year by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. I am changing my strategy a bit, I will be using 2 to 1 (profit/loss) risk vs reward. My sell targets will still be 5% but my stop loss will be -2 1/2%. I will also be using 3commas trading bot and using profit trailing starting at 3%. What this means is once an active trade hits 3% profit, the profit trail will kick in. If the price drops -0.5%, autosell will occur for roughly 2 1/2% profit. This will be another learning experience for me as I am new using 3commas. I hope I don't make any costly mistakes. Looking back at my losing trades, many trades hit 3% profit or more, then dropped down to hit my stop loss. This new strategy should prevent this problem and turn in more wins. These last few weeks have been fun. I have won some trades and lost some trades. Learning from my failures will help bring me success. After 20 days and 31 completed trades: Wins: 14 Loss: 17 Balance: 0.1576 B USD: $ 1173 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 21 trade #32 I invested 0.157 B into VIB. I bought 23020 for an average cost of @ 682 satoshi Sell target is: 719 for 5.02% profit Suggested Stop loss: 665 Momentum has been building on VIB for over 15 hours with not much of a price movement, rising RSI and MACD, expected a move soon. In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
VLong
by redking75
4
Viberate Coin Short Term ViewViberate has formed a double bottom at $0.068, with the last bounce occurred just yesterday. Price then went up by 11% and has reached the $0.075 high, where it has rejected the 23.6% Fibonacci retracement level, along with the 200 Moving Average. It seems that $0.075 is a strong level of resistance, and in order for VIB/USD to move high, price has to break and close above it. When/if that happens, VIB is likely to move up, towards the key resistance at $0.087, that is confirmed 61.8% Fibonacci retracement level. If the $0.087 resistance is broken, this could be the confirmation of the beginning of the uptrend, after which volume and volatility might increase substantially. But, if resistance will hold, further price decline becomes more likely and could send Viberate down, potentially towards the $0.068 support, or even lower.
VLong
by CryptoPAMM
Viberate VS Bitcoin Near Psychological SupportOn the 24th of June, Viberate hit the low at 1080 satoshis. This is the 127.2% Fibonacci retracement level applied to the previous corrective wave up. At the same time this is the area of the key psychological support, that is 1000 satoshis. Technically speaking, it might be a very attractive price for buyers, which could result in a trend reversal or a correctional move upwards against the Bitcoin. If daily close will remain above 1k satoshis, price could easily reach the strong resistance at 1615 satoshis, which previously was the key support. The confirmation could be daily break and close the 1260 satoshis resistance, where the descending channel has been rejected. On the other hand, if VIB/BTC stays below the 1260 resistance and break to the new lows, the downtrend continuation could take place and the bullish outlook would be invalidated.
VLong
by CryptoPAMM
VIBBTC: SYMMETRICAL TRIANGLEHello friends, Viberate formed a Symmetrical triangle. It is a Billateral pattern, so we will see a breakout or a breakdown soon. In my opinion we will most likely see a breakout, because most of the alts are in a very good spot right now. I bought VIB a bit cheaper, so I have some margin for my stoploss (being able to avoid a big loss in case we see a breakdown). TIP: Don't FOMO, even when the chart looks good. Happy trading! - THIS IS NOT FINANCIAL ADVICE -
VLong
by Arnnn