Willing to buy my own bag ( that I sold in June ) if it breaks the downtrend-line. WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET! 1 ) Trade with BTC pair in a bull market, trade with USDT pair in a bear market. Don’t confuse it! 2 ) Less is more! Don’t use more than 4 – 5 indicators at the same time. Trend lines, Moving Averages, RSI , Fibonacci...
I said it a week or two ago.. its buying time for VRC. 4H Flagging well for now.
Been sideways forever and now that all markets are down, it's time for the sleepers to wake.
Following the previous idea on VeriCoin , it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average. The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels....
Bullish engulfing candle indicates momentum changing back to the bulls. Looks like VRC is creating a new market cycle out of this Cup&Handle Formation. A bounce off the .618 would indicate this trade valid
First chart on VRC, so take it with a grain of salt. After spending the last 4 years trading Bitcoin, I'm going to give it a try at some alts. VRC looks interesting as it appears to have a large C&H formation which has recently completed and the rally has already begun, but it's still early. The depth of the cup shows potential for approximately 4000% increase...
Here we look at a simple channel trend on VRCUSD for YTD. Looking for areas of consolidation naturally, and then once found, looking to try and time prior consolidation periods date ranging from a Local High, to a local low. To me, it appears we are in a 2nd longer time frame consolidation period of 50 days. (The two green highlighted areas on the YTD Chart) ...