VRCBTC trade ideas
Vericoin introducing "Binary-Chain"!I have been idle for a while now, just waiting for the right time to jump in.
Yesterday I bought 6 new coins, Vericoin included.
It was added to my portfolio. Please read my latest blog post to get updated on what I am doing :)
Fundamental
"VeriCoin and Verium is the first dual blockchain protocol technology that pairs a digital currency with a digital reserve. This means faster transactions, more security and solves the digital currency scalability puzzle."
I'm quoting from their website.
In 2014, Vericoin was created. Actually, it was one of the first coins I invested in.
Though, to be honest.. If someone said to me " In 2018, Vericoin will be fully alive and have a marketcap of 60mil " I wouldnt have believed it back then.
But here we are . Vericoin doing some good work, and I am looking to take a position on it again :)
I'll recommend reading their blog update:
"2017 - Year In Review"
Where we can see some good numbers and progress.
Just look at this reddit usergrowth for example.
To summarize..
Vericoin is an honest and solid project. High userbase increases and a couple exciting things happening.
I believe this is a good time for speculation in the lower ranges of marketcap, so therefore I believe Vericoin is a strong bet.
Technical
It looks like VRC behaves after the Pitchfork lines I have put up. So gonna recommend buying at the 0.618 , and looking out for resistance at median.
My target for this is the 1.618 from this recent run we had back in end of 2017. Also noting the channel for resistance.
I'll try to update along the way :)
Exchanges:
Bittrex
Poloniex
Upbit
Volume analysis of VRC and what to expectSelling pressure/volume seem to be drying up at current prices and we might move up another level and retest 1st resistance (R1) where there is more volume activities.
There is a chance we might break the current bullish channel down towards previous accumulation zone if bulls are feeling uncomfortable moving forward.
VERI GOOD OR VERI SCAMI know I'm veri emotional when we speak about vericoin. Vericoin caught my eyes at the first time that I opened and scrolled coin marked cap. And I scrolled a lot to find it. First love.. buyed and hodl even when some other coin flirted with me.
When you read the blog of vericoin, you find always the same.. Incredible technology, people will discovered it. Billion dollars coin. Most undervalued coin.
I have more than a doubt that it's just bullshit, but love is blind and I have hodl.
Ok love is love but crypto is not for romantic.
Vericoin make always big pump, then it dump. Always. But maybe not this times. I set me this rule. If it go back under the black line (I will show you later what it is) it is a pump and dump scam and I will sell it and I definitive break with this verilove. If it stay over this line I hodl till the end of my days
VERI VERI VERICOIN FOR VERI PATIENT PEOPLEWaited a moment like that since months. no better since ever.
There is a so long triangle to break. And a smaller one too. A triangle in a triangle...
I don't know what is the target. I don't care. I go blind in this trade.
I already feel me like Scrooge McDuck swimming in a pool of Vericoin.
VRCBTC Trade Idea !VRC made a bullish divergence on weekly/ daily time frame indicating the bull trend for coming weeks/ months. After making the 5 impulsive waves corrected and making smaller wave 1s & 2s for the new impulsive wave in making. Short term target marked with blue line on chart. Consider holding part of your position aiming for higher levels ! VRC and VRM usually trend and move alike , let's see which one goes higher this time .
Plz shrink the chart for the 2nd target around 36k .
Vericoin - Small Position for Small RiskSeeing some chatter about Vericoin, on inspection doesn't look like it deserves to be 226 on coinmarketcap.
TA out the window on this one, seeing some news on it including possible exchange expansion???
This is 2.5% of my portfolio I don't have enough information to put too much more on it yet. If I get around to more research I might put more into it.
Don't notice the peaks, could very well be pump and dumps on a coin with this low market cap.