Like the look of this in combination with the environment at the moment..
Although there has been a strong pullback, we're still looking good from an indicator perspective. TD9 reversal following a golden cross on the 1H is a good opportunity to buy in. 1D: Bullish TD color flip and a long opportunity opened up on the daily. Lagging span in open territory, senkan span has been crossed by price, and kijun provided strong support. ...
1D - Bearish Found some support on the Kijun line around $12,700. TD says we're going down for 3 more days. Looking to open a long opportunity around the 50MA. 4H - Bearish 5 more 4H bars or 20Hr to the downside. Currently, below the 200MA, which is now acting as resistance. Lagging span is within the cloud still, which is neutral. Watch for it to break downwards...
TD2 sell candle trading below the low of the TD1 sell candle gave us the opportunity to open a short position. Today continued the trend downward. Looking at the 4Hr chart, I'm planning to take most profits at $14,500 (kumo edge-to-edge). With the rest of my position, I'll be looking to close around the Kijun Line (red line) at $12,700 .
Fundamentally I'm leaning towards the bullish end of the spectrum. What happens in the next couple of hours largely depends on whether $BCH gets pumped again.
TD 9 sell on the 4Hr with a strong Kijun bounce. Price found support from the Kijun line (50% retracement). According to TD sequential on 1D and 1W charts we are looking for a continued trend higher.
Set alert on breaking white line for confirmation of trend downwards.
Bitcoin pump today made altcoins bleed out. Bitcoin will likely move sideways around the $14k-15k area. Assuming this is the case, we can bet that altcoins, Vertcoin in this case, will see some good price action.
Price has hit the first level of support on the 50 day moving average. That in combination with an upcoming 9 from the TD sequential indicates a likely move to the upside. Will be setting a stop-loss at 45K SATs and look for another opportunity at the 100 day MA if it continues downward.
Vertcoin 1-2 days more pullback followed by reversal to upside. Look for crossing the top bar of the triangle.