ew-forecast
Long

VTRBTC(vTorrent) Showing Bullish Setup

BITTREX:VTRBTC   vTorrent / Bitcoin
We went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC             (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced from ideal 61,8% Fibo. reatracement and psychological 0.000050 level, so we expect much higher prices, especially if breaks above 0.000093 bullish confirmation level. Any decline will be just a temporary correction within uptrend!
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So far so good. I think this one can go way higher, if you look at supply. At the C the ask book is almost empty and it could go way further at that point, anyway I am buying!
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@ew-forecast, let me rephrase, why was the all-time high an A and we are now in an ABC up as opposed to the all time high being a 1? I guess I’m trying to understand why the all time high to the early-February low was a large scale wave B rather than a large scale wave 2?
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ew-forecast BTCBanker1
@BTCBanker1, At the moment it doesnt matter, minimum three waves up A-B-C or 1-2-3
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Why is the longer term count an ABC pattern up as opposed to a 1, 2, and now entering a wave 3 up?
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ew-forecast BTCBanker1
@BTCBanker1, Because we are looking for minimum expectations, which is minimum three waves up, also can be 1,2,3 after we see how strong is going to be.
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It looks only Fish like it, but sometimes even a fish has a nice dish :D
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I'm in as well, that first target of 10911 could be the 1st wave of a 5 wave, no?
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I like torrents. So, against my will I bought some coins
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It looks like a classic pump and dump for me, it happened before and now a pretty sharp jump a few days ago. Any thoughts?
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