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...
Following each other almost identically minus the sideways consolidation for LTC in 2016 and decreasing consolidation for VTC in 2016. The opposite is occurring here in 2019, VTC is sideways following a 98% decrease, and LTC is following an ascending position following a 93% decrease.
They will likely link up again soon!
We'll wait and see.
Vtc was a heavy mover earlier this week, pushed to about 30 cents from 17.5 cents.
The 3 day you see a strong bullish green candle off of long term support.
It breached the red average indicator.
Massive volume spike on the bottom.
This looks good.
On the right the weekly is showing a green doji.
This is also positive.
November 3rd we will get the weekly...
VTC tends to fall off the BTC path for a year before joining it again. Time is now for them to reconnect. BTC up for a year, VTC sideways for a year 2016 & 2019!!!
In 2017 & 2018 they followed the same pattern.
Let's see if they continue in harmony for 2020.
Vertcoin Technical Analysis -VTCUSD - 45%-600% Profit Expected
Huge Trade Coming...6x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 0.26 - 0.84
(45%-600% Profit Expected)
TP - 1 - 0.26
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.
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...