So i did chart this on my channel on telegram two days ago claiming that i was taking profit cause of this rising wedge and since that price has been dropping into that blue box just like this :
By jumping so fast into that area with a good volume sell, my attention has been dragged to ...
Altcoins have been so hard to trade since btc dominance going nuts, but btc following nicely charts prevision, even formed a weekly divergence on rsi.
Macd also near to the bullish cross, i guess btc can move very fast from here so be careful in this accumulation phase that seems it would bring up price of btc! This is not a financial advice! ...
Divergence on day is coming at his last phase and i got enough btc accumulated on this drops below 7k where the stops of the simmetric triangles was reached. now waiting for the real bounce to appear and let altcoins explode!
THiS IS NOT A FINANCIAL ADVICE.
This is a weekly view and as you can clearly see this fan shows perfectly supports and resistance,i usually use it with bollinger bands to see when the squeeze long is coming on the supports. we are on a major historical support (horizontal red line and the 2-1 Gann fan trendline ) i expect a massive movement from here as ...
Vertcoin its still accumulating inside this bull flag and falling wedge, every dip lower than the blu support is a great opportunity to me! accumulating more and more even if divergences got invalidated.
this wedge could be continuing in accumulation phase dragging the price near to 5k satoshi's or directly break up with explosive buy power,im scaling in more every support, and going definitely in once it break up!
this is the larger picture:
Vertcoin in is strong pre bull phase accumulation i guess since rsi is showing HUGE buy power and many traders not noticing it, i guess it will fomo harder soon, im in whit no target. Just enjoying the ride of the bulls. Got in heavy on this lets see.
broke up this triangle and made a perfect retest, target its 0.020-0.021 btc
last pattern was made is an engulfing pattern, but volume is not there, so i think it's not so valid as candlestick pattern. However im in for this trade
this is the daily chart and as you can see we are near to the oversold zone almost on every indicator or oscillator. if you look the weekly chart you can clearly see a bullish divergence getting ready to bounce hard up! lets go to the moon bitcoin!!!
(weekly chart with bull ...