tl93

VTC/BTC Analysis (1d interval)

Long
POLONIEX:VTCBTC   None
I am making it a point to keep a close eye on SegWit activated coins, so as to chart their progress over the course of their technical development. VTC is the newest SegWit-activated coin, with 100% of all nodes signalling support. I am excited to see how atomic cross-chain swaps effect prices, and the overall advancement of the crypto-sphere.

Here we have VTC in an upward channel that began with news of SegWit activation, a correction following activation (much like what occurred with LTC), followed by a series of channel-spanning waves. A good entry point will be 0.00015, which should be followed by a pump to 0.00025 - a solid 66% profit opportunity. We may spend some time in this channel while development teams work more on LN and other advancements.

Ever skeptical, beware of a breakout below the established trend line (bottom of the channel). Once loading at the buy zone is complete, a stop loss at 0.00014 for safety. Overall sentiment for this coin is bullish , expect new highs by mid-month.

Buy Zone: 0.00015000 BTC
Stop Loss: 0.00014000 BTC
Target 1: 0.00025000 BTC

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