EinsteinLabs

VTC/BTC one last vertical pump? 100%+ potential for a fat trade

Long
EinsteinLabs Updated   
BITTREX:VTCBTC   Vertcoin / Bitcoin
Vertcoin is a coin that likes to live up to its name, having undergone two recent sharp pumps approximating 90% and 150% back on Feb. 9th and Feb. 17th. After the most recent vertical move, there has been an orderly retrace back to the 13EMA and 50EMA (similar retrace following the first pump as well) and the MACD on the 4H has turned positive while the RSI is not overbought and has retreated in a similar manner as it did following the Feb. 9th pump.

Time to get long. Trading 10629 on Bittrex.

Targets
13000
15500
19500
22500

Stop at 9400
Trade closed: target reached:
VTC pumped to 18700 earlier this morning. It may yet regroup after the retrace but took profits.

Solid 80% increase from Feb. 23rd to March 14th. Took the better part of three weeks.

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