Expect the right shoulder for Vertcoin
This is the non-log (auto) chart
Clearly displays the pattern
If the pattern maintains a right shoulder will form and a rejection at the thick white line will occur, if not, the price will likely just continue higher.
I got asked earlier for an update on vertcoin.
I have multiple analysis about vertcoin on my page dating from back in last year. Overall we had a massive falling wedge breakout which is bullish, especially with vtcbtc pairing to be at bottom of all time lows. Now let's see how its moving,
First let's see that it has cleared a major average on the top chart...
We have been covering vertcoin since the lows around 14 cents.
The monthly timeframe that we have pulled up above is all firing green!
The monthly timeframe will show you major trend reversals.
The perfect trade setup is when the top chart "the crossover strategy" crosses green candles after compression on dojis.
We then line it up with the "ema dots" below on...
Symbol: VTCUSD / VTCBTC
Let's compare VTCBTC bottom chart and VTCUSD top chart. The bottom is a monthly performance and you can see we are getting some whipsaw action to curve up after hitting lows around all previous runs. Now up top is the weekly vtcusd wedge. Is it ironic that the wedge is breaking when the monthly below is curving up? If you zoom out on chart...
Stock Symbol: VTCBTC
I've been watching this one since towards end of last year at these levels. The monthly looks like it's getting ready to flip as my candles are compressing and firing long. I think this is a steal of a deal. Compare to the last rally. Weekly also looks strong.
Diversify and use 5%...
Bullflag or scallop? An inverted scallop has a backwards and inverted J shape, and leads to bullish continuation after a small pullback, while bullflags send the price rocketing. Either way Vertcoin looks in good shape for upward movement. Daily chart. Ill link my vertcoin 'pipe tops' if you would like to know about pipe tops.
I've done very little research into this coin but I recall it having the same supply and blocktime and characteristics as Litecoin.
Since Litecoin has had its less-than-venerable idiot of a founder, Charlie Lee, depart, I feel like Litecoin is on the way down and coins will come to fill its place on the market.
Vertcoin is a natural since it's pretty much...