Every trader worth their salt knows that relying on only one indicator is a poor idea. However, its what you do with each indicators signals and how you interpret them to try and maximize entry's and exits. That being said, VRM has sprung out of a 1 Day RSI condition it has never had in its entire history on a daily time frame until March 27th - April 2nd and...
What an incredible bull flag & with low volume. Bears have no steam left.
Just a follow up chart..still below the 200 EMA, still dirt cheap.
A similar Inverted H&S but not as pronounced or as confirmed as Verium.
The continuation inverted H&S showing itself again.
I said it a week or two ago.. its buying time for VRC. 4H Flagging well for now.
This may be a confirmation signal that the Bottom has it. Tight stops. Very tight.
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) ...
This pretty much speaks for itself. Pennant - Bottom tested 4X - Top tested 2X ..almost a no-brainer trade.
I dont have to really say much here, this chart quite absolutely speaks for itself. This is not some 5 minute pattern, and a solid Cup & Handle playing out as it should. With an extremely hard to mine coin, (CPU MINING) and roughly only 1.21 million in circulation, the bulls have collected and as shown are soon to start pushing. This coin is not easily minable ,...
This is what a Cup and handle looks like. Its not some 5 minute pattern. When this prints on the daily, you better take notice.
Made to show Tradingview showing Bittrex data. Simply use the syntax in the ticker search as follows: " Bittrex:VRMBTC "
My posted Inverted H&S has completely broken down blowing past reasonable retracement levels with almost no significant volume overnight. Expected continued downward direction with a retest of the 7.5K levels which are also the 12H 1000MA point. IF the 1000MA is broken, this will break the multi month move above it, and a parabolic downwards price movement may...
I'm still rather bullish on this Inverted H&S Idea thats printed out on the 4 Hour. The redline break out happened, and wic'd up closer to TP points. 20MA obviously yet again playing a major role as well. I can see a slight shake of the redline (left Shoulder to right) happening or currently in progress. Also note the 3 Day 4 Hour time bar between local wic highs,...
A very solidly formed inverted H&S bottom. This looks like it could break to the upside for a quick scalp trade.