I just mentioned the importance of being patient in my previous trade idea on DCRBTC...
Being patient is really important... Let's take a look at why with the VBKBTC chart.
For this pair, prices peaked mid-August, exactly on the 15th.
What followed after this peak was a very strong correction that latest 63 days...
That's over two (2) months of prices moving...
Veriblock (VBKBTC) is showing really strong bullish action.
In the past three days, we have very strong green candles with high volume.
Before the break above EMA50 and EMA100, we saw accumulation marked by high volume at low stable prices.
Now that VBKBTC is above the EMA200 brown line, additional growth is possible.
Here I am mapping two targets short-term...
Quite a few of the Bittrex altcoins are starting to move big time, we are seeing candles of 100%+ just to start the day, Veriblock is next.
VBKBTC is looking bullish with prices bouncing off a new ATL.
The next target is clearly marked on the chart.
MA200 if the "first target"... The potential goes so much higher, 175%+.
Namaste.
This is the chart for VBKBTC (Veriblock), a low volume altcoin trading pair... This one is available on Bittrex.
Yesterday an indecision candle was printed and today's candle is starting to give out early reversal signals, meaning that VBKBTC can stop going down and can start going up.
Trading volume is starting to increase while the indicators are starting to...
Veriblock is a strong project that is flying under the radar because people 1) got mad that they didn't get to participate in the IEO and then 2) got mad when the price dumped below the IEO price. LMAO.
Veriblock is one of a kind. Lots of good news to come in the coming weeks and months
-open sourcing the rest of the code (lol)
-PoP altcoin integrations...
who fuckin knows dude lmao
At least the sell volumes have definitely been on the decline, the dumps aren't getting as far, and the buy book is heavily stacked against the sell book at these prices.
But as to where it bottoms out.. anybody's best guess
Relatively low time frames, pitiful volume, it's entirely likely that it just dumps to hell beyond that shoulder level, but I thought I'd post about it anyway just in case.
BTC, you suck. Really could have waited til VBK was in the clear above 1800 sats.
Obviously catching the bottom is a guessing game, but I might as well play along while I sit on my bags. Let's hope we see something before trex's new IEO
fyi I am completely aware I could be completely wrong, this is just what I was seeing
Just saw VBK absolutely destroy the 1486 resistance with great volume, with a bull flag forming. This is what i'm hoping and dreaming for, but if we continue downward from here, it could be brutal. I believe we could see the chance to touch new lows (though I doubt they'll be much lower). I'm still about 85% confident this will break upwards though. Criticisms...
TA on a new asset is always a little shaky, but this is what I'm seeing so far. The volume accrued in that first pump was impressive, and it's still holding well above previous weeks despite the consolidation, leading me to believe there's much more gas left in Veriblock's tank. Criticisms always welcome.
