There is a trading opportunity to buy in VTRBTCTechnical analysis:
. VTORRENT/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000205 to 0.0000160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000205)
Ending of entry zone (0.0000160)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000293
TP2= @ 0.0000330
TP3= @ 0.0000389
TP4= @ 0.0000521
TP5= @ 0.0000649
TP6= @ 0.0000754
TP7= @ 0.0000903
TP8= @ 0.0001093
TP9= Free
Vtorrent
There is a trading opportunity to buy in VTRBTCTechnical analysis:
. VTORRENT/BITCOIN is in a downtrend and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
. The price is in a downtrend and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000205 to 0.0000160). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000205)
Ending of entry zone (0.0000160)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000293
TP2= @ 0.0000330
TP3= @ 0.0000389
TP4= @ 0.0000521
TP5= @ 0.0000649
TP6= @ 0.0000754
TP7= @ 0.0000903
TP8= @ 0.0001093
TP9= Free
VTRBTC(vTorrent) Showing Bullish SetupWe went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced from ideal 61,8% Fibo. reatracement and psychological 0.000050 level, so we expect much higher prices, especially if breaks above 0.000093 bullish confirmation level. Any decline will be just a temporary correction within uptrend!
VTR symmetrical triangle + Bittorrent client release in 2 weeksStill looking for confirmation. If breakout happens the new target price is around 0.00002700 BTC.
Also VTR Bittorrent client is release in 2 weeks so be ready. bitcointalk.org