VTC looks promising for next couple months. Looking for next sections of elliot wave and entrance point after elliot wave correction.
Keep in mind that timescale in this analyze is rough. Set your own profit targets and risk targets or copy mine.
VTC/BTC BITTREX 4 HOUR TIME FRAME. Los Angeles 4:25PM.
Current View:
VTC broke out of the Ichimoku cloud showing healthy signs for an uptrend. Currently VTC is in a triangle pennant which is a 54% upward & 46% downwards probability. Breakout is 74% likely to happen.
What to look for:
RSI needs to stay above the 60 to remain bullish and if RSI breaks out 70, we...
VTC is a good buy with its discount price. Los Angeles 12:08PM.
CheckList:
Price Action above cloud support.
Price Action is near .5 level for a good buy.
Price Action is in an upward trend (between purple lines).
RSI and Stoch is showing upward strength.
Have a stop loss near your initial buy.
A lot of coins are down, it is a matter of time until people start realizing the gain they can make on the drop in price is worth more than waiting for bitcoin gold. We do not buy when price is moving up fast, so the opposite should apply when something drop fast but have no change in fundamentals. Is Christmas coming earlier this year?
I am waiting for Vertcoin...
MACD is crossing to the positive side, it's moving out from an overbought position, just crossed SMA50 on 5 min candles, and bouncing on a long term trend.
Vertcoin shows a bullish Ascending Triangle pattern as a continuation pattern.
Such charts in a dominant uptrend a very bullish. Notice the multiple attempts at the $1.20-$1.30 resistance level along with a rising hypotenuse. This indicators pullbacks are being bought, so accumulation is occurring.
At some point, maybe after a few more tests, that...
Really excited for this coin! You can see all the Elliot Waves playing out perfectly. After the retrace I see this forming a cup and handle before it super moons! link for my signals is in the description!
Vertcoin is setting up support on the .786 fib. Should be good support for another quick rise to ATH.
Potential retest of the .618 fib level but lots of momentum built up in this last move.
Watch as VTC bounces off the 77 MA on the next rise and retracements.
Vertcoin seems to be in a bullish trend - gaining some volume and positive ichimoku indicator
24900sat in 2-3 hours - by loading up enough maybe 26000-28000?
Tested resistance and bounced off of it, stoch RSI on 4 hr is capped. Think we will test support(s) and move up afterwards in a sort of ascending triangle pattern. Let's see if the support holds :)
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btcmanager.com
Your'e welcome.
Lots of potential growth here.
![VTCBTC: [BUY SIGNAL - 1:10 RISK:REWARD] VTCBTC](https://s3.tradingview.com/y/Y1xyUTFT_mid.png "[BUY SIGNAL - 1:10 RISK:REWARD] VTCBTC")
