This weekend has been a nice small rally for Vericoin. 24hr Volume is just past $600,000 USD, and the market has moved with the trend. I'm not quite ready to say VRC is in a bull run quite yet, as the weekends highs arnt very much higher than last months run up, which brings me to my next point. Weekly Support and resistance levels. Weekly Pivot at 7785 which is up from last weeks which printed at 6677, 1000 Sat difference. However the bands have opened up significantly, moving both Resistance and support levels wider with it. On Vericoin's initial run up last month R3 was at a price of 9103 and Vericoin hit this level once with three very significant attempts to hit that lever again which failed. At the time of this write up Vericoins current price is 9346, not much of a difference. If in fact Vericoin is in the beginnings of a bull run I would think that these resistance and support levels and tests will continue. This weeks R3 13844 (roughly). However, many if not ALL Longer time frame indicators are very high. At some point longer timer frame indicators must come down, nothing goes skyward for ever I think we as traders all know this.
Also, it is of due notice that for the past 12-18 hours the poloniex order book with coins offered on market has substantially dropped. Pre run up a month or so ago all available coins on the sell books were roughly 1.2 Million. After the run up that rose significantly to 2.34-2.14 Million coins, however after the weekends small rally & at the time of this write up there are only 1.58 Million coins on the books. (Total in circulation is 29.9 Mln). It is known that polo had some service outages yesterday, however if memory serves me right the orderbook available quantity was reduced beforehand.
I'm no professional, nor am I a market maker, This is just me sharing my personal thoughts with the public.
If you are not familiar with VRC some items of interest can be found below:
Homepage: http://www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: https://twitter.com/VeriCoin
GIT: https://github.com/vericoin/vericoin
Roadmap English: http://www.vericoin.info/downloads/roadmap_V1.pdf
Roadmap Spanish: http://www.vericoin.info/downloads/roadmap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
Also, it is of due notice that for the past 12-18 hours the poloniex order book with coins offered on market has substantially dropped. Pre run up a month or so ago all available coins on the sell books were roughly 1.2 Million. After the run up that rose significantly to 2.34-2.14 Million coins, however after the weekends small rally & at the time of this write up there are only 1.58 Million coins on the books. (Total in circulation is 29.9 Mln). It is known that polo had some service outages yesterday, however if memory serves me right the orderbook available quantity was reduced beforehand.
I'm no professional, nor am I a market maker, This is just me sharing my personal thoughts with the public.
If you are not familiar with VRC some items of interest can be found below:
Homepage: http://www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: https://twitter.com/VeriCoin
GIT: https://github.com/vericoin/vericoin
Roadmap English: http://www.vericoin.info/downloads/roadmap_V1.pdf
Roadmap Spanish: http://www.vericoin.info/downloads/roadmap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT