VET is showing clear upside price divergence against Bitcoin falling and this is a considerable show of strength. If price remains in this corrective area as Bitcoin descends then it will likely be a continuation pattern for a next wave up. I've plotted a possible elliott wave count and a penultimate with wave projection of $1.53! Invalidation is below the wick down at $0.13
I am surprised by what is happening and it will probably be true for other coins if i is for VET, but VET seems particularly strong right now.
I still maintain that alts will suffer very large losses from wherever their top is, but things are becoming less black and white and lets see what happens. Its a very interesting juncture.
I'll be waiting to see how Bitcoin behaves and if VET holds up I'll make an entry.
Not advice.
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At current price this trade has a risk/reward RR ratio of 30!
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VET broke through invalidation at 0.13 so its now in no-mans-land and 0.13 is now resistance. We'll just have to see how it does over the next few days. If it can push back above 0.13 then the next wave up could be on. If not it topped and my other outcome will be on.
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Updating my other VET thread from here as I'm taking the bearish stance.
so which is it? vet going over $1 or below .02 you are a joke and so are your calls. you just seemed like a very confused child at this point.
dRends35
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@bobby_bass_, Its very simple, I use log based fibs - not that you'd understand. I'm short BTC and ETH here all on record. The only joke here is you shouting your mouth off with vulgar comments and no charting skill at all. You're a a clueless aggressive fanboy.
bobby_bass_
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@dRends35, seems like you are the clueless one. You can use fibs Elliot waves cloud signals or what ever you want you still are terrible at it. Your calls are trash and not one has come true. Have fun playing with your allowance from mommy.
@dRends35, i don’t need to publish my ideas to know where cryptos are going.. I’ve been holding my cryptos before you figured out what a head and shoulder pattern is.
dRends35
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@bobby_bass_, Of course, you keep it all hidden I'm sure you've got nothing to hide. You're about to tell me you started buying in 2013, and then I'm about to tell you your account is only 5 months old.
bobby_bass_
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@dRends35, no no I told you where I started buying and and I invest in fundamentals.. you try to trade and obviously you are not good at it based on your calls because not one has come true. I created this account to troll kids like you kekekeke
dRends35
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@bobby_bass_, If you created this account as a troll account (who does that lol), then post right here with your real account so we can see how old it is.
bobby_bass_
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@dRends35, apparently I’m talking to a child that can not comprehend the fact that I think short term trading cryptos is for morons. I created this account to laugh at people like you who try to call tops and bottoms and you my friend are by far the worst at it.. not to mention easily triggered by criticism (prob because your a child/someone who identifies as cus gendered). It is amusing to me how much I can make you respond. Kekekeke