Hi guys,
you remember VECHAIN and the whole great news a few months ago, those amazing partnerships with BMW, Volkswagen?
At the time I said VEN is going to go down. Instead of going up like the rest of the other guys I saw on twitter.
I got revolted reactions and utter disbelief. That was of course before VEN really dropped a lot.
I even put a chart up showing how low it will go and where a possible good buy price will be possible.
If you look at the chart, the down trend respected quite accurate the lines on my chart and also the buy zone got respected as well.
Who entered VEN in the buy zone must feel very good right now.
I admit I had other trades at the moment that brought me more potential, however now I feel it's the right moment to jump back into VENBTC.
I do believe in the potential of VEN, I know they will have a mainnet launch in the summer. I do believe in their partnerships.
I just didn't want to hold VEN on an obvious downtrend.
Buy and hold no matter what is not the best strategy. Buying at the top and holding on the way down and then hoping for break even is definitely not the right strategy!
Buying at a cheap price, holding, and selling a multiple of 100%, ideally above 5x, is the better strategy. I would say the winning strategy in this market.
Coming back on VEN, the chart shows an important breakout from the bottom, passing one important resistance levels.
That was for me the signal to enter a good position with VEN today.
Probabilistically speaking, the next target is the old ATH.
If that is broken as well, then we enter the magic zone where everything is possible, even 10x.
That should happen by the time the mainnet is launched.
Enjoy!
you remember VECHAIN and the whole great news a few months ago, those amazing partnerships with BMW, Volkswagen?
At the time I said VEN is going to go down. Instead of going up like the rest of the other guys I saw on twitter.
I got revolted reactions and utter disbelief. That was of course before VEN really dropped a lot.
I even put a chart up showing how low it will go and where a possible good buy price will be possible.
If you look at the chart, the down trend respected quite accurate the lines on my chart and also the buy zone got respected as well.
Who entered VEN in the buy zone must feel very good right now.
I admit I had other trades at the moment that brought me more potential, however now I feel it's the right moment to jump back into VENBTC.
I do believe in the potential of VEN, I know they will have a mainnet launch in the summer. I do believe in their partnerships.
I just didn't want to hold VEN on an obvious downtrend.
Buy and hold no matter what is not the best strategy. Buying at the top and holding on the way down and then hoping for break even is definitely not the right strategy!
Buying at a cheap price, holding, and selling a multiple of 100%, ideally above 5x, is the better strategy. I would say the winning strategy in this market.
Coming back on VEN, the chart shows an important breakout from the bottom, passing one important resistance levels.
That was for me the signal to enter a good position with VEN today.
Probabilistically speaking, the next target is the old ATH.
If that is broken as well, then we enter the magic zone where everything is possible, even 10x.
That should happen by the time the mainnet is launched.
Enjoy!