VTC-BTC short...mid..long
Updated
VTC will have in next year one of the major addition to the project with the release of their own exchange.
VTC has found strong support @ 0.00039 if it is capable to brake the downtrend line (dotted red line) we could see a nice trend reversal.
I marked down the buy zone with the yellow quadrant which comes into play only once the downtrend is broken.
Short term:
We could see bounce back to 100% - 127.20 % fibb level before a new test of support around the upper line of the pennant will commence.
est. 125% gain expected
Mid term:
Yellow buy zone marked down if we get the bounce 78.60% fibb level.
est. 200% gain expected
Long-term:
est 355% gain expected
Let me here your opinnion.
VTC has found strong support @ 0.00039 if it is capable to brake the downtrend line (dotted red line) we could see a nice trend reversal.
I marked down the buy zone with the yellow quadrant which comes into play only once the downtrend is broken.
Short term:
We could see bounce back to 100% - 127.20 % fibb level before a new test of support around the upper line of the pennant will commence.
est. 125% gain expected
Mid term:
Yellow buy zone marked down if we get the bounce 78.60% fibb level.
est. 200% gain expected
Long-term:
est 355% gain expected
Let me here your opinnion.
Note
A bit of decision time to be made Note
Like planned... Approaching the lower buy zone. If it can bounce from the channel (bottom orange line) we could have reversal because it has tried already to reverse the down trend.If it drops bellow channel... than it might test the historical resistance/support line (Black line)
Trade closed manually
BTC movment new chart requiredTrade closed: stop reached
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