Willing to buy my own bag ( that I sold in June ) if it breaks the downtrend-line.
WHAT I LEARNT 2 YEARS OF TRADING IN THIS CRYPTO MARKET!
1 ) Trade with BTC pair in a bull market, trade with USDT pair in a bear market. Don’t confuse it!
2 ) Less is more! Don’t use more than 4 – 5 indicators at the same time.
Trend lines, Moving Averages, RSI , Fibonacci...
Following the previous idea on VeriCoin, it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average.
The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels....
Following the previous idea on VeriCoin, it has reached the upside target and rejected it. Now clearly there is a strong resistance at $0.65, which is the 127.2% Fibonacci applied to the last corrective wave down. The rejection was clean followed by a strong correctional move down.
Currently, VeriCoin is likely to continue trading within the range between the...
First chart on VRC, so take it with a grain of salt.
After spending the last 4 years trading Bitcoin, I'm going to give it a try at some alts. VRC looks interesting as it appears to have a large C&H formation which has recently completed and the rally has already begun, but it's still early. The depth of the cup shows potential for approximately 4000% increase...
1 is more likely than 2. Cause 2 needs much more time, this is small cap, so i think 1 woulde more feasible.
It seems to make big pump and dump.
cup and handle
Volume, not bad
and anything else?
Here we look at a simple channel trend on VRCUSD for YTD. Looking for areas of consolidation naturally, and then once found, looking to try and time prior consolidation periods date ranging from a Local High, to a local low. To me, it appears we are in a 2nd longer time frame consolidation period of 50 days. (The two green highlighted areas on the YTD Chart) ...