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Jackson-VAD
Jun 2, 2018 8:50 AM

VenBtc going for massive run??? Long

Description

Previous setup hit first target, I still bullish long term the wave count had changed.

TA:
- Golden ratio zone
- Formation of 3rd of 3rd subwave

FA:
- Positive news regarding China supporting blockchain technology
- Alpha Test Aplication 15 June
- Mainnet 30 June

TP:
-1:1 for 3rd wave (never the shortest wave)
- Previous high with around 1.27% extension
- Break previous high for 2% extension

- Conclusion:
Is a good opportunity to accumulate till the mainnet launch with China possitive gournment support!


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Comment

Time to reentry or add more position, looking positive

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