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VTC BTC - Possible Inverse H&SVTC after making a double top, lost almost half of its value in past few days. This presents a significant buy opportunity, followed by lucrative targets. Currently we are observing formation of a possible inverse H&S. Buy order should be placed above the H&S confirmation level (0.00053). Also, note that 50MA is coinciding with the H&S confirmation level and acts as an important catalyst. Resistance levels are marked via orange rays on the chart. Once purchased, Stoploss can be placed around 0.00049. Ignore the chart if price falls below 0.00045 without making H&S. Happy Trading :)
VLong
by a.rafay
1
Observations of VTCThe 50 EMA acts like support, plus the support trend lines. The 20 EMA needs to stay above the 50 EMA for VTC to stay bullish. There is a bullish divergence, which signals VTC will go up. I think it will hit the support line one more time before going to test resistance again. However, one indicator doesn't make the market, so the other options are: falling through support and acting out option 3. Option 2 is the bounce off the current support line. Option 1 is straight to the resistance line. Option 1 is also likely due to the double bottom it recently had. However, the last big red candle seems an indication that the bears hadn't had their fill yet.
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by Woolhead
VTC punching into low teens soon- TO STAY.Prediction and analysis of VTC for a shorter period. Indicators for future are based on rally movements over the past weekend. Essentially this chart indicates that VTC will be reaching 10+ (stabilized) over the next day or so. The news about Vertcoin recently is that A) The teams on the cusp of releasing the AMD one-click-miner; a program for mining Vertcoin from AMD based video cards. B) An schedueled event in their blockchain called 'the halving' where the mining reward is halfed, essentially meaning less volume will be coming back into the market in the near future.
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by KeeganPenney
Vertcoin's Support & Resistance ahead of its "50 to 25 Halving"We have added more support/resistance lines for Vertcoin. This is based on our analyst Tony's math. This is a follow up to our first post on Vertcoin just over a month ago. We have provided support and resistance lines that have held up pretty well and we are expanding now expanding our projected resistance levels ahead of Vertcoin's halving on the 12th of December. But first lets 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. 2) This isnt financial advice! Don't bet the farm, Don't 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 ~~~~~~~~~~~~~~~~~~~~~~~~ The State of Vertcoin & The Blackhole Vertcoin seems to be on a pretty good path higher. The month of November was full of explosive movements and very healthy volume. A contributor to this healthy volume is a lurking buyer we found buying large chunks of shares at very specific levels. We posted this in our chart last month with the orange line at 4.46. This buyer consistently ran Vertcoin to that level and disengaged. While he did not provide a solid floor, he did accumulate shares in a significant way. We have also branded this lurker buyer a blackhole. "Yes ... Shaun Actually came up with that name". The logic behind it is that his trading habits / orders deployed shows that he is not selling. Typically your average trader is trying to manage a position, take some profit, and then redeploy. Not Mr. "Blackhole". A good example of watching him at work is to look from December 8th up until the 16th. He would not move beyond his ceiling price, and we saw #Vertcoin fall after he dropped out. The Push Higher The big push that occurred from the 26th of November to the 1st of December was was completely organic and didnt have the Blackhole's help. To be completely honest, there was very little activity detected for the last half of November. Where things got interesting was when we found one sign at 2pm on the 2nd of December at the price of 7.46. We then confirmed activity at this level (Dec 3 @ 4:30pm). This brought us much delight because plotted resistance lines at the same level. Actually within a few cents. We actually gave Tony shit for that for a few hours. But then we dropped the act and congratulated him on hitting a bullet with a bullet. SUPPORT / RESISTANCE PLOTS We have plotted support / resistance lines and marked where our lurker friend seems to be sitting. While we have plotted resistance at much higher levels, these are guesses based on volume and some input from our lurker. It is speculation to the highest order so again.... dont bet the farm on this! It is one perspective among many more here on Tradingview. SB RESISTANCE = 31.68 SB RESISTANCE 4 = 17.89 SB RESISTANCE 3 = 15.44 SB RESISTANCE 2 = 9.93 SB RESISTANCE 1 = 9.25 LUKER BUYER 7.46 SUPPORT 0 = 7.39 SUPPORT 1 = 5.53 SUPPORT 2 = 5.46 (Likely to be very strong re-enforcing Support 1) SUPPORT 3 = 4.71 SUPPORT 4 = 4.23 Cheers @NYSEDAYTRADERS
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by Nysedaytraders