Tin.Foil

VRC +41% target 0.00006686 BTC

Long
BITTREX:VRCBTC   VeriCoin / Bitcoin
Been sideways forever and now that all markets are down, it's time for the sleepers to wake.
Comment: Well, that went better than predicted.
Comment: New Target 0.000296 BTC

Comment: Here is an explanation of what I see when I'm drawing charts.

I try to point some of these items out, but I don't always provide a full explanation as it's time consuming and I try to do as many charts as possible to find the best coins to give the greatest returns in the shortest amount of time.

Some coins show long-term consistent growth (like Siacoin SC) and those coins I use for diversity to weather the storm when other coins take losses or when markets turn.

Building a strong portfolio is not just about buying and holding one coin, but having a reasonable spread to manage the amount of risk you are taking on. For instance, I'll find something that will give me 50% gains per week (SC) and then I know I can risk up to 50% of whatever I put into that coin on higher risk coins that may give me 300-1000% per week in gains. Those higher risk coins may also lose 100% of what I risk, so never risk it all and never put all your coins in one basket.

Comment: Holy wow! I look away for a few minutes and the chart is off the screen.

I'm already up 200% in the last 8 hours.

Comment: This one did a slight double top, so risk level is increasing. If we can try to break through that double top, then this may continue to the target I show.

It also dropped very fast, so this is a 5 minute chart and my projected flag (not confirmed yet, only on 1m charts.

We're near the 61% fib retracement already, so we're at a good place to buy, IF you think we'll continue upward. I'm uncertain, so I may wait a little bit to see if we bounce off the 61% fib and start to move upward at a good pace.

I'm currently out of this trade (made around 200% in the last 8 hours), but will jump back in if the bounce is good. Watching closely. Another 100% would be really nice, but I'm not counting on it yet.

Comment: This is looking pretty good.. still out, but watching for a nice solid upward break.
Comment: flattening out.. almost time to buy.. give us a big green candle or 5 of them.

Comment: more sell off.. this one may be done for a few hours.

Comment: It's still struggling here.. give it some time.. wait for it. I'll go update my ETH chart in the mean time.

Comment: Hint.. when we enter into the side of an Ichimoku cloud (the green one), there is a high likelihood we will come out the top (not usually sideways, we'll move upward like the arrow shows).

Comment: And a solid drive upward.. I'd almost call this a re-entry point. If you have a stop-loss option, then you could buy and HODL here. I'll wait another 5-15 minutes to confirm this will move upward again. Then keep a close eye until we break the all time high, then moon.

Comment: I need a few more green 15m candles. I'll wait 45 minutes to an hour before I decide if this is a buy. Time for a power nap (famous last words).

Comment: This one never came back up.. moving on. BCC update next.

Comments

should we be looking for a .00055 target or is it done pumping?
+3 Reply
Tin.Foil StephenMannarchist
@StephenMannarchist, That's right near my target as I updated above. But be cautious, it needs to bounce and show some upward movement before I'd jump on it again. I'm currently out but watching closely.
+1 Reply
@Tin.Foil, i didnt have your target limit set so i watched it go past and then while i was commenting it retraced so im still in from .00023
i am fairly confident that it will at least retest the profit margin everybody else got, im going to sell at .00035 and buy back in if it breaks through again. honestly though i wasnt even looking at vrc untill this morning, i should have bought in last night, but i didnt want the market to go full red sea on me while i slept.
+1 Reply
how do you do that !!!! amazing
+2 Reply
do u have an update ?
+1 Reply
@Tin.Foil What are your thoughts about the next view days?
+1 Reply
Any updates?
+1 Reply
Just started following you Tin, but great TA! Looking forward to more!
+1 Reply
Why will this keep going?
+1 Reply
Tin.Foil Anotherworld18
@Anotherworld18, I posted an update with an explanation on what I see in the charts and why I think it will keep going. Read up on bullish pennants and bullish flags, also look up bearish pennants and bearish flags. Ichimoku is great once you get an understanding of how it works and what it tells you, but it's very complex. Fibonacci is important as well and can be used for pullback levels, resistance levels (while moving up or down) and it can also be used over time.
+2 Reply
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