VTC make or breakLast week's bull bounced off the 30 EMA, while the latest bear seems to be limited by it.
With the latest surge failing to recover at .618 fib, the .706 fib is crucial to the next few days. If trend continues downward, expect continued bouncing off the 30 EMA. If it can recover at .706, A bull rush has potential.
VTC
VTC entry before the bitcoin consolidationVTC along with other alts yesterday were a wild rollercoaster of emotions. Now that BTC is leveling out after ATH its time for that cash monies to flow back into alt. Had VTC at $5.50 a few days ago, will we see a surge back up? Damn hindsight 20/20 wont get us this time! Or BTC will make a liar out of me, place them bets!
VTC STRONG CALLINGThe chart had been playing perfectly.
But how do I always say if the King moves and more achieving an ATH, the other pieces suffer.
I identified to see at the time of the BTC pump (yellow line) and how it affected the path to the PG3 in red.
He broke the neckline, lost strength in the dump and for me he formed a bottom to recover.
ATTENTION: to take into account the behavior of the BTC. If you make sudden movements, we may have the same fate, otherwise the profit may be more interesting from now on.
Cover yourself with a stop loss before eventual falls.
Thank you all!
VTC Out of the UptrendI'd be careful with VTC here, a coin I was previously long on. It fell out of the uptrend, and tested the line and was rejected, precipitating more downward momentum. At the moment it has bounced off of the lower Bollinger Band line and testing the middle, but for me it's a watch and wait.
Sine wave and Previous Double Bottom pattern in VTC/BTC Well , according to the past data of VTC/BTC there is some regular double bottom pattern and the sine wave is currently in a resisting zone. Once it crosses I guess it will follow new pattern.
Vertcoin weekly trend/Elliott Wave analysis Still on a nice uptrend looking for maybe a slight pullback very soon then shooing for higher highs before another abc correction (very probable).
Vertcoin(USD) Basic Technical LinesWe have put together basic support/resistance lines for Vertcoin. We will 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. While we do monitor the Bitcoin pairing and factor it into our analysis, as time goes on it's effect will continue to diminish.
2) This isnt financial advice! Don't bet the farm, Dont 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
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What we think
Our outlook for Vertcoin is very bright as a stand alone Crypto currency. We believe that the continued division that is occurring within Bitcoin sphere will push many developers towards other currencies. Specifically those without histories of "destiny" forking splits that create new coins (variants). Vertcoin's development efforts of the stealth addresses will be an attractive lure for crypto enthusiasts. When Vertcoin was created in 2014, the developers were very mindful of the existing and possible future problems of Bitcoin. ASIC resistance was the key feature that won our hearts over. The mining stability that this creates will make for a very unified mining community and a relatively fair playing field. In our opinion we think that Vertcoin may be the most stable coin of its time due to its development mandate of ASIC resistance and upcoming features (Atomic & Stealth). Time will tell.
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Outlook for the next few days
Vertcoin should remain range bound for the next few days or even weeks. The explosive moves that just occurred over the past week (from 1 to 5 dollars) needs time to be digested. We would believe we will see it flux within 4.72 - 5.47. We would be concerned if Vertcoin has a larger breakout higher without first absorbing the initial run. A premature breakout may lead to a devastating correction and price collapse. Not fatal of course, but harming its healthy momentum for the long run.
We have been working on plotting future resistance levels above historic highs using our Tony's algorithms but those will be posted on a separate chart later.
VERTCOIN - Unsustainable growth?Recently we have seen parabolic growth in Vertcoins value, there has been no very relevant news that could have influenced this increase, however, they recently announced their currency will be available on the 'Ledger Nano S' wallet. Beside the fundamental standpoint when we take into account the technical view we can see that VTCBTC is following a previous pattern. I understand that you should not use past events to predict the future in trading but it should be taken into account and looked at carefully.
Vertcoin is looking to recover back to the support line where you should look to accumulate unless it continues to drop you can re-think your position at a lower price, this is fairly unlikely and the growth should continue towards the resistance once the support has been hit.
Orange Line - Resistance levels.
Purple Line - Support levels.
As always, trade accordingly. Good luck!
VTC trade idea for next legVTC is struggling a little bit with 23% fib. It's also over bought on 1 and 2 HR, signalling a bit of a pullback from here. Check out where I circled on the Stoch RSI. A couple of times it hit overbought on 1HR 95% and then pulled back to around 55-60% to load up for another run. I think it's going to do the same thing here.
Big signals telling me we are about to see a bigger run are that 2 HR MACD is just about to cross over, and 3/4HR Stoch RSI are still oversold but heading up. MADC on the 1HR pointing up too.
Pull back to refuel enough to break through the 23% Fib at 8.35k. Beyond that target another test of the 9.5k high and then beyond that 11.5k.
Don't FOMO, pick a good spot.
Free Spoiler Insight: VTC reaching $7 on November 4th because..VTC is definitely working on replacing LTC. It won't happen this calendar year because of Coblee's influence, but short term we're going to see $7 for sure.
I'm doubling my holdings and will report back in a week!
Where do you think VTC will be on November 4th?
VTCBTC the last bearish signalVERTCOIN ascended in tube channel last 3 days, it's near its upside which met 1.27 Fibonacci retracement of the last decline
So we expect decline to point 0.618 Fibonacci @0.00066013 which exactly the target of the channel
Hope you great trade
Thank you
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VTC next leg ready to goKeeping this very simple. Look at the Stoch RSI where I have circles. Each leg of this amazing bullrun began from the very oversold point on Stoch RSI. We just hit that on 1, 2, 3, 4 HR timeframes. MACD crossing on 45 min timescales too. I think this is the next leg starting here. Target for me is still 11.5k first.
VIA to follow VTC ? VTC just pumped, and VIA follows VTC usually. Plus, VIA has some wallet releases coming very soon next week. Might be a great time to be bullish on VIA.
It might just finish the inverted head and shoulders and reach 30k sats which would come right below the 1D Ichimoku cloud. After which, the next week news might catapult VIA to some crazy glory.
VTC moves based on BTC patternsLot of mixed signals here. Short term for VTC is up, but long term is looking like an ascending wedge. Plan accordingly.
CUP & BULLISH VTCAfter forming a cup and handle with a perfect retracement, it is necessary to break the neckline to arm the way towards the target price.
Several conditions:
1) Break the neckline
2) That the TA is fulfilled (as the books say), on a previous chart of NEO had made the same perfect pattern and did not meet expectations.
We'll see what happens
VTC Big Pull PennantLooks to me like a big bull pennant forming on VTC. Need another touch of the upper trend line to confirm. Volume is also decreasing, and looks good that the MACD on 3 hr and 4hr have recently crossed and look set for upside.
Flag pole length is about 47k, so target of breakout would be around 115k.