A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
Hey guys I'm back!!
I went to trade stocks and penny stocks for a while.
I have been watching the crypto market.
This altcoin specifically... VTC Vertcoin
It is in a giant upward channel, Like all of crypto.
Now we have a tight falling wedge that is squeezing hard.
If you look at the overall pattern since its birth, it is a massive cup and handle.
VERTCOIN / VTCUSD
- Cup and Handle since birth / 5 years
- Retracement on 0.618 / 1 year 9 months BEAR
- Bullish falling wedge / Potential double bottom on FIB
- Overall in an uptrend
- Valid Elliott wave theory in motion
- Fibonacci extension for future predictions / * green prediction times & dates on bottom x-axis
- Coin supply 84 million / 10 million less...
Looking to the left we can see that Vertcoin has moved above previous support and resistance zone and is now in the price range of another one. We are expecting that the price will go above this one as well and are waiting for a confirmation of this breakout. After that, we are expecting this line to act as a support line and the bounce of the price to the bullish...
Vertcoin is in a sideways correction after a big bearish move that happened due to the bearish head and shoulders formation. We are expecting a price reversal soon, as in our experience the next move after the completed bearish head and shoulders pattern is bullish. The zone that price is in right now is also previous support and resistance line, so to break...
We are starting our Vertcoin analysis on the one hour chart. By looking to the left, we can see that the latest horizontal price move has formed due to the price entering a support/resistance zone. It has formed after a motive bearish wave. Looking further back, we can see, that the latest bullish movement above the support/resistance zone, that is indicated with...
we don't want to break too far below this or i'll be so wrong CNBC will offer me a job.
it's our starting point.
we started from there, jumped above, retested the high end of the channel, successfully (but not strong).
price retests and fails; hard.
one year later, it retests. fails; hard, but not as hard.
wait two years, test, fails, tests again
I know, we are in the midst of a major bear market and crash... however, there is a VTC possible bounce zone here. Weekly support is around 20 cents for vertcoin. And RSI is showing a divergence as the price nears 20 cents. The next support could be 6 cents, so the stop could be tight if taking this trade..I'm considering a half penny under the support, as I have...