VTCUSD trade ideas
VERTCOIN/DOLLAR (Potential short)CONFLUENCES
-A range might be developing into a BIG seller reign;
-Potential Fake out on range top in the direction of the big seller territory. (Engulfing bearish candle + inside bars on daily)
-The buyers are testing too much times the diagonal trendline in a short time interval; which could be and indication that they are fading
-BTC (The leading indicator) has some big sell orderflows unfold; whick might result in a potential short term sell.
Trade with care & Good luck!
Decision time for VertcoinLets see. Its Decision time for Vertcoin. To be honest, its not looking to good right now. If we can't break out to the upside right now we probably fall through that massive support level. Next support would be above the 3$ mark. If we get a breakout next Target on the chart.
VTC Bottom is in?VTCBTC VTCUSD seems to be ready to move up higher with the upcoming releases of Vertbase and Vertpig by end of February-March 2018. The price went as low as $1.7 from the last week's crash.
Mid-term target at $18.
Long term target idea at 0.01BTC
Vertcoin on a tearJust a cool thing to see VTC recovering. Resistance @ purple line. RSI looking oversold soon. Might bounce down again from purple line, might shoot right through, but in these kind of coins these days usually ~10% moves are all one can get.
VTC - Update - 13/04/18 - Daily - I'm buying slowly Im buying slowly - Its a great currency & platform - with awesome an team & community
VTCUSD VTCBTC Running Flat within Bear cycle, more down side...Found a running flat which is complete or alternatively about to complete by one more wave up before more down side within minor abc corrections and larger WXY/ending diangonal. If the initial yellow line flat is correct then we will see more down side on vertcoin too. target potential entry levels along the bottom green line however i do expect this bottom line to be penetrated through and very promptly reversed. We getting closer to the end of this cycle. Just need to see the bloodbath before the big money comes in.
VTCUSD The fractal repetition has begunFractal repetition from June-Sep has begun.
Note that the yellow pattern below the recent runup is NOT the same. It is from the June-September run stretched out to match the timeframe.
There may be some outliers, but you get the general idea of the repetition/pattern.
Goodluck
An updated VTC analysisA lot going on here. Price is riding above the previous bear channel which we broke out of. Not very strong, but not sinking back in it. Seeing lots of confluence to cause me to believe it will see some nice movement here soon.
First, RSI. Recently entered oversold on daily. Good news from Monday could send this soaring. Also, it's easier to buy now that it's listed on ABRA! That should help. Go vertcoin. Boo ya.
Second, I may have spotted bullish divergence on MACD (light green line). Also, we may see a bullish cross on MACD soon, as momentum seems to be picking up.
Third, we are at a previous low from 2/6. That should act as strong support (darker green line). A bounce off of that could be strong, as it intersects there with the previous upper bearish channel too which was support, albeit weaker support.
Given that the chart represents daily candles, we might not see any significant moves until monday, possibly FUD before G20 accompanied by further selling, so we shall see how things play out.
Should things get ugly, there is a large black rising trendline far below where we currently are, with several support levels that I have kinda pinpointed in green horizontal lines.
I post this for educational purposes only. I'm not planning on currently trading this analysis, given I'm hodling my VTC for longer term. May change my mind if things get spicy ;)
Peace out.
#Vertcoin #VTC - Time to buy or refill at this double bottomCurrently, #Vertcoin is doing a possible double bottom and I would be surprised to see a nice run in the near future.
Looking at vtc/usd chart, price is finding support on the ascending support at $2.5 and this range is also a nice psychologic support number that has some weight.
As always, doing the TA for vtc/btc is harder due to bitcoin volatility. Price has fallen below the ascending support line but still hanging around the support fib retracement level.
On both charts the RSI is doing another dip on the oversold zone meaning that we'll probably see some interesting stuff soon... ;) Also on both charts, the ichimoku cloud isn't bullish at the moment and their indicators are still bearish but I wouldn't be surprised to start seeing positive signs in the following days / weeks...
Time to wait and see...
VTC looks like it's nearing a breakout.I believe the days leading up the January 10th or the 18th will be the best time in the near future to buy Vertcoin. As we near another end of a bullish pennant, I chose seven days early for the breakout because the last pennant was 29 days long, 5 days early, so 5/25 x/41=7 or x/51=8.6. If we consolidate past the 10th, then I believe around the 18th of January will be the date to watch out for. The longer we consolidate, the bigger the reward. I'll be looking for a price above $18
This is not financial advise.
The end of symmetrical triangles can also be a reversal, so be aware of that as well. If we break below $5.45 by the 10th, without a strong and immediate reversal, we may be looking at the bear.
Vertcoin Paths, which will it take?Here's what's new with VTC. After a treacherous month and a half of selling, it finally broke bullish out of a bear channel. It could pull a LTC on us and no one would probably even know because I don't see a lot of twitterers talking about VTC. Anyways, based on that is where I drew my fib retracement, and the low previous. Right now on the 4h VTC is overbought so I'm expecting a dip back to my first line or somewhere thereabouts. That's the blue aarow path. If it breaks past 4.40, then next target is drawn (green aarow path - and yes, I am a fan of that show.) So, long term I have a bullish view of mostly everything, the question is always which will grow fastest and when?
As always, I'm here to collaborate my analyses with yours. Comment, like, or tell me why you might disagree with something. I'm looking to learn about TA, so my analyses for now are for educational purposes only, and only represent my view/opinion.
VTC clear run into the kumo cloudIn my experience the cloud acts a magnet!
Note - this is purely speculation.
Thanks for looking :)
A bull flag on VTC? I see a potential bull flag has formed in VTC on the 4h chart like with many other cryptos. Horizontal resistance and support lines drawn in black. Like most cryptos VTC has been in a falling bear channel (purple parallel lines) but this bull flag could indicate a reversal if it breaks. Although, unlike other cryptos such as LTC, it is showing a decrease in daily volume MA while others are showing an increase. That could be a potential for more bear action, though it did have a bull cross on daily MACd.
Daily RSI hit oversold and bounced significantly a few days ago, so RSI is showing growing strength as well.
As always, leave a comment with any feedback you have about VTC, my charts, or the weather. This aint no finalcial advice either, buy sell or hodl at your own risk.
Vertcoin / USD Daily Chart and Price Prediction till March 2018A detailed probable path for Vertcoin Daily Price Progression. The main tools I've used in this TA are Fib Retracement, Fib Fans and simple channel paths.
Regarding Elliot Waves, the price is leaving the 2. Recently price broke out of consolidation at $4 reaching $7 going over the top of the 2nd channel (blue). At the time of publishing, the price has had a normal pullback to the 5$ range where it has been ranging in the "Major Support Zone". This support zone is very important because it is where a lot of support levels are converging meaning that price has a strong support to keep the price above $4.75.
After publishing this idea I expect to see the price ranging above the Major Support Zone until the Halvening Event, and around that event, the price will start to move up heading to 3. This $10 target is basically the double (2x) of current price range (bottom) and it's also the expected price level to reach taking into account the lowest support (between 1 and 2).
After hitting the new all-time high at $10 price will naturally pullback to the next support level (that was the previous all-time high at $6 / the top of the 2nd channel and the middle of the next channel that has been drawn when the price reached the $10 range. This will form the bottom and the 4 (that, in theory, has to be above 1 to maintain the bullish formation regarding Elliot Waves Pattern). And after the price has been ranging above that support level, it will naturally start to move up for the final push to 5 taking the price to new All-time highs at around $15.
Looking at the indicators in the daily chart, I like how RSI is moving and it shows that there's support behind the recent price push and after ranging the next few days it will move up to oversold and forcing the price to move up. To back this up is the continuous momentum support levels telling that the market is still bullish. Taking an eye on the Squeeze, we're starting to see green bars and there's a lot of room to grow because the price has just left the previous consolidation period. Looking at the MACD, at the moment it's positive and also with a lot of room to grow. Finally, looking at OBV, it's obvious the inflow of money in the market and there has not been any big sellouts or money flowing out of the market so to say.
Bare with me that pinpointing the exact dates is almost impossible, this is an approximation of what I see possible and does not mean that the price will follow exactly the white lines. It can happen quickly or it can take longer, but the levels, channels and all that I talked above will still be more or less "exact" regarding price pushes and pullbacks.
This was a long description but I think that I needed to explain a little bit more my thought processes, what I seeing and what is the meaning of all of this lines and colors.
Vertcoin Trade Idea 24 January 2018So, here we have Vertcoin against USD on a logscale basis.
What do we see? A nice channel since beginning of 2017. Touched the support line twice earlier, bounced nicely from it. Currently lying on the 200 EMA, green box seen as support and bounced from the support trend line as well.
RSI is very low and pretty good moment to buy. Starts making higher lows now and MACD found it's bottom also. About to make a cross.
Why do I find this a good buy opportunity? It's been quite around this coin, while it's a pretty good coin and given the indicators I'm suggesting we'll make a nice up move in the coming months, expecting a new great level in the green box if we break upwards.
Forget trading this against BTC, we have a good fib signal hereStrange that I get better signals when I put this against the dollar rather than BTC.
