Look at the parabolic increase we see from the initial wave 1, to 3 to 5. Wave 3 was super extended. Wave 5 was extended.
So why did price cut in half? Because that was our wave 1, and now we are on wave 2. We are getting ready for a very very strong wave 3. On the chart i have lined with green are targets 1 and 2. If Vertcoin hits target 2, you better believe that we are going to head up to $36 by the 2nd quarter of 2018. Vertcoin is still in baby stage, you can tell from the great amount of that still surrounds it. I expect that to decrease as we continue to go up.
Where is the entry? I'll upload a picture of whats going on with this correction and where we are headed. But you could enter now, and be perfectly fine.
People are not lying when they say 2018 will be the year of cryptos...
Triangles, Triangles Everywhere...
If you need anymore convincing, here is a picture of a really big double bottom. :D
Bottoms are in on Vertcoin! If sub-wave target 1 is reached, target 2 will definitely be reached. If Target 2 is surpassed, then expect Target 3 to be hit. Remember, these are only for our first wave 1! We are very well on progress. After following Vertcoin for months, I noticed that it really likes to take its time. So there is no rush here.
But what I have to say is that Vertcoin has a very bright future! It reminds me a lot of Litecoin. Though the properties and fundamentals are a bit different, the community and growth of the coin is VERY similar.
This coin is about TRUE decentralization. That may be a problem, because their lead team members often leave but they are NOT paid. It is completely ran by volunteers who are truly trying to improve the crypto-community.
I see this coin eventually catching up to others like Litecoin and Monero, but it will be a minute before that comes. But for those reasons is why I bought into Vertcoin when it was $3 and road it up to $10 before I sold off. But this is one that I'm definitely keeping in more CORE portfolio for the long term. You guys will like this coin. Like I said before, the volatility is just because it's still in baby stage. People are confused on the true value of this coin. But I see it in the fundamentals, and I see it in charts. I'm really proud to see the growth and potential that this coin has!
Vertcoin is priming itself for its next run!
Be patient if you're in this trade! Vertcoin likes to take its time! As we see here, No matter where Vertcoin has been dropping to these past few days, it CONTINUES to bounce off of the 36 RSI level. This is a really good indication of bullishness forming. It's cant break their bearish divergence. So An uptrend is likely to come here soon!
Also, I've compared Vertcoin to Litecoin. And I really think that Vertcoin has the potential of surpassing Litecoin in Market Cap in a few years. Seriously. If we look at growth rate. All time, Litecoin has surprisingly only grown 1000%. Vertcoin is up 8000%. 1 Year ago from today, Vertcoin was just 3 cents!! It has grown 22,000%! 1 Year ago from today, Litecoin was $4. Now it is over $240!
You see what price Vertcoin is at? Around $7, higher than Litecoin! I've said this before, the volatility is because VTC is in baby stage! I can't wait to ride with VTC through this journey. Good times are coming.
Guys, look at this bull crap. When I tell you that Vertcoin likes to take its sweet time, I'm not lying. Look at that arrow. It literally waited until it could squeeze all the way through the end of that triangle to break out. I swear if this SOB waits 6 days to break out of this triangle I am going to murder every peak and dip until we see $36. I will put my $23.43 buy wall right behind this sucker and drive it up to the moon.
Days feel like weeks in the crypto market, but patience and strong hands is key in this market. Broke 1st support. 2nd support holds strong. Vertcoin takes its time.
Our patience is close to being rewarded guys! I think i've counted a 5-3-5-3-5 correction and we may just have one more touch at the bottom of this support line. If that is so, I am 100% adding to my long position there. This post was made 14 days ago, and I think it's about time this thing kicks off! This week should be Vertcoin's week! But Remember, Vertcoin is really a pain in the ass. So don't be surprised if we continue to channel through this triangle here.
Guys, we're getting close and closerrrrr. I honestly think Vertcoin is going to take this symmetrical triangle to the upside. But after working with Vertcoin for a while, it'll probably go down just to mess with us. If that is the case, then I'm adding to my position.
I see a lot of these coins all in the same position guys, I think this consolidation phase is near over for the altcoins, we may start to see some bounces through tonight or tomorrow.