Vertcoin (VTCBTC) hit a new ATL (All-Time Low) back in mid-July 2019... No big deal, many altcoins hit new ATLs but... This one might be a bit different...
Let's get started!
Vertcoin (VTCBTC) has been available on Bittrex for trading since February 2014.
The new ATL was hit at 0.00001877 on the 15th of July 2019. A classic bounce followed by additional bleeding and VTCBTC hit another low at 0.00002154. This time a higher low compared to the ATL. Now we see VTCBTC moving above EMA10 (0.00002857) on the weekly time, activating its bullish potential.
If you are not following or just a bit lost... What I am getting to is the fact that Vertcoin is about to grow and most likely BIG.
8,200%+ Of Profits Potential | VTCBTC Weekly Chart
A closer look at the weekly chart
Here we can easily notice the move above EMA10 (green line) by the last candle.
The MACD is trending up and the histogram is now green.
The RSI is trending up and printing bullish divergence. The divergence is also there with the MACD.
We have above-average volume this week, the highest since June 2019.
So we have multiple signals that are pointing towards growth for this altcoin project/trading pair.
Now let's take a closer look...
On the chart above, the main chart, we have the daily timeframe, here it is easy to see the bullish action that is just starting to develop... We have:
Increasing volume.
Break above EMA50.
Bullish RSI.
MACD above 0.
Altcoins market in general growing.
Many, many of the Bittrex altcoins, and there are hundreds, are moving up above resistance and printing bullish charts.
The altcoins market is heating up and preparing for massive growth... MASSIVE.
In a few weeks, you will see people wondering and thinking... "Oh my god, it was at "x-x-x" price for so long... I did not buy and now it is going up and up and up... Can I buy now? Will it start to drop? When to buy, when to sell...?? Ahhhh"
When that time comes... Do not worry... Even more opportunities will show up.
Namaste.
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Correction
I did not use the ATH for VTCBTC, instead, I used the peak price from June 2015 for my calculations (8200%+ of Potential Profits).
From the current price (0.00003030) to ATH (0.01000000) the profits potential is sitting at 32,900%.
Here is the chart:
Namaste.
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Looking pretty good, great potential for growth ahead.
Hello Master! Happy weekend to you! Can you please update it with your latest thought on VTC? Thank you
OTM.Investments
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I'm glad u see what I see. Bullllllllsssss let's gooo
DU09
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Great analysis, thank you. Indeed, these are the last few weeks when one can accumulate before this starts going up. Once we break 3k satoshi again with confidence and we stay above that the trend is confirmed bullish.