The bears are losing a little bit of steam in the short term. RSI is consolidating and MACD indicator is slowly reversing. If RSI gives a bullish signal We can look for profit at the 38.2% and 50% fibonacci level. this is a short term trade and if my analysis follows the market we can expect profits between 1 and 1.5 weeks.
Comment:
VTC broke the uptrend line of the flag and is moving to the 0% fib which is a strong support. We can still look for a price reversal to the higher levels. Waiting game.
Comment:
Double bottom reached on the short term. This gives us a strong support at 51k satoshi's. RSI shows reversal and macd indicator is still slowly reversing. You can also start accumulating now and sell at the 38.2% and 50% fibonacci levels.
Comment:
trade is still active, accumulate more at 51k and stop loss 10%
Trade closed: target reached:
Time period of 1/1.5 weeks is reached. stop loss below 0% not triggered.