VRCBTC trade ideas
vrcbtc?dont know much about this but i am buying a small amount which i can afford to lose, this is defenetly not a trading advise
Vericoin has never broken 747 satoshi supportVRC has never broken support at 747 satoshis, the open of the large bullish Marubozu from June 2014.
Set limit buy orders around 1000-747 satoshis.
Fractal: AccumulationI love fractals, beautiful how low-cap alt-coin and silver both display the same chart patterns when being accumulated.
Heavy bias long for both pairs. I have stake in VRC, I do not have a position in silver yet but I will on the next significant pullback if it looks good.
Bounce from accumulation periodVericoin is low-cap thus more susceptible to market manipulation. There is a lot of good news and developers remain active on this coin. Furthermore we've retreated lower than prior accumulation zones and seem to be building volume. The order books are pretty much sold as far down as they can go and there isn't much volume aside from whales. 2 weeks ago there was a large wash trading order for 200k + VRC obviously someone with that amount of coins would not sell at these depressed prices. All of the coins were bought in one order which is part of the volume spike you see on the chart. This is all to make the appearance of a market awakening. Furthermore there is a pretty signiicant yearly cycle at play with VRC so my targets are the top point of resistance. Good luck!
Vericoin low risk entryThis coin has a long track record of having a predictable market cycle. It is currently a low risk buy.
Looking at #Vericoin #VRC and wondering if it's time to riseA friend asked me to take a look at an oldie and here's my view for #VRC / #Vericoin on a daily chart.
Looks like it's on the edge of entering a lower level of a main descending Speed Fib Fan and crossing it with Ichimoku patterns I can see a move like that in the following months. Maybe it won't be exactly like that, but it has a lot of room to move around and the ghost pattern is just to show what I would like to see regarding all support / resistance Speed Fib Fan levels. I've also added some Fib Levels for probable targets in a future possible push.
This is a hard call to make but then again I can be totally right... "Time will tell" :)
VRC Analysis - Short Term Bullish TrendAfter a bullish 'Cup and Handle' pattern was completed on the 3rd March, VRC appeared to find resistance around a long-term resistance trendline before bouncing off an shorter-term upward support trend line. VRC broke the long-term resistance later on the 3rd March and jumped 20-25% before further increasing after a temporary lull to hit the upper long-term resistance at around 13000 sats. With a gradual descending trend, VRC formed a 'Bullish Pennant' pattern. Meanwhile, RSI gradually decreased to the low to mid- 40s while the MACD suggested bearish divergence. The Bollinger Bands indicated reduced volatility on the 5th March as VRC approached the resistance of the Bullish Pennant. WIth the RSI now in the low 40s and MACD suggesting a bullish divergence crossover, it rallied with a 30% jump before reaching once again the long-term resistance.
VRC appears to be in another downward trend forming yet another 'Bullish Pennant' pattern bouncing off a long-term resistance line that transitioned into a new support line. With the long-term resistance line come support converging with the short-term support line of the bullish pennant, the Bollinger Bands are once again converging suggesting reduced volatility. RSI hovering around 40 into the high 30s as the MACD continues a smaller magnitude bearish trend but converging to what may be another bullish divergence crossover.
The repeating bullish pennant pattern, coupled with the strong support and favourable Bollinger Band, RSI and MACD indicators suggest that VRC should make another run, potentially up to around 12200-12500 sats (~30%) if it reaches the long-term resistance once again.
VeriCoin following previous pattern - News and UpdatesVeriCoin follows a predictable pattern of lows and highs with an increasing price level every movement cycle. Development team continues to work on developing their technology working on both VeriCoin and Verium (Most development teams struggle to just develop one coin lol). With a truly unique approach of using one coins mining power (Verium $VRM) to speed up and confirm blocks of another (VeriCoin $VRC) using their unique technology called the Binary Chain (AUXPow). VeriCoin can increase it's TPS(Transactions per sec) +600 and beyond while staying on chain and decentralized(Most high TPS coins are centralized like XRP and NANO). Also rumors of new exchanges (one big new exchange, and several others) for both coins seems to make both extremely undervalued with a very low supply for both VeriCoin and Verium it's only a matter of time for both of these coins to be in the Top 100
Vericoin Pre-pump phase ? Hello huys today I prepared for you another TA.
Vericoin just published new mining pool and they are trying to be listed on Cobinhood those circumstances can affect the price.
At the moment is VRC in consolidation, low volume is happening every time when the price spikes and litterally explode.
Buy : 10-11k sats
Stop loss: Bellong strong support if btc decide to go down
Target: 1) 12.5k sats
2) 15k sats
3) 18k sats
4) 20k sats
Swing trade
Have a fun
Vericoin Trading IdeaPrice just broke out local short term trend line and is currently forming ascending triangle (bullish). If price is able to return to main channel, then I expect upwards momentum that could drive the price much higher.
