SpartaBTC

VXV Main trend (part). Working with HYIP altcoins in the past.

Long
SpartaBTC Updated   
KUCOIN:VXVUSDT   Vector Space Biosciences / Tether
Logarithm. Time frame 3 days. The coin as an example of the logic of the chart now and work on similar cryptocurrencies with "pump towers" (hype, deception about the prospects) in the past market cycle.

The chart shows the main trend (part). The first part of the chart is missing, namely the long accumulation phase of 0.08 -0.2$ (almost a year and a half) before the +11,000% dump under the HYIP of "AI projects".


This is what it all looks like on a line chart of the price.



Major trend (part) is the probability of a pump bowl. Rational 1 part (liquidity). If this is realized, the price is now at the end of the second phase of its formation, i.e. conditional accumulation.

Second trend - the price is in the descending channel at its upper part of resistance. Also a part of the chart period can act as a horizontal channel of accumulation (the 2nd phase of the bowl if it will be realized), with the zone of capitulation (breakthrough of the former support 0.26 to 0.16 and the price return back). Now the price is at its meridian 0.5, that is at the average price of the channel.

Local trend. - a potential ascending pennant with the base of the flagpole from the surrender zone of 0.16$, provided that the logic of the "canvas" of this figure will be preserved and the local "head and shoulders" is not realized (marked on the chart). Key reversal zones are similarly shown and percentages of them for orientation.



Important. TA, that is, the logic of the chart due to low liquidity and the fact that most of the positions of the creators of this cryptocurrency (team) and “investors” were “distributed” to hamsters earlier in the last cycle and there is no particularly speculative interest now to develop the project. Only an increase in the prices of the entire market can correct this. Due to the loss of liquidity and capitalization, technical analysis (TA) is conditional.


It's also worth noting that this cryptocurrency was created purely for this AI hype in the last cycle. If it in the news background of the market repeats (high probability), then all such cryptocurrencies will pump. The AI HYIP could be in any phase of a bull market both participation and phase 1 distribution zone.

2024 is not the highs but the beginning of the participation phase (exit from accumulation zones and rise to distribution zones).
2025 is distribution and price highs.
April through June.
August (some "long-awaited assets", HYIP).
November - December.


Trading strategy on similar ones. It is advisable to work from support and resistance zones, taking into account the average price of your set of coins / and reset. A pre-allocated amount that you are willing to risk, since such cryptocurrencies are often scammed.

Stop loss strategies are useless here due to low liquidity and frequent price slippage by a significant percentage. A coin for the classic medium/long-term dump/dump strategy of low-liquidity, high-risk cryptocurrencies in spot trading.



Speculative legend to create a +11,000% pump tower on the chart in the past with the same -99% collapse:

Vectorspace AI provides valuable correlation matrix datasets to enable researchers to accelerate their data-driven innovation and discovery with patented NLP/NLU. Customers save time in the research cycle by quickly testing hypotheses and running experiments with higher throughput. Vectorspace AI originated in the Life Sciences Division. Lawrence Berkeley National Laboratory (LBNL), whose founders developed patents that drive the company's innovation for various academic institutions.

Quite possibly under a general bull cycle and given that this cryptocurrency has low liquidity a significant pump again is possible. But, an order of magnitude less than in the past (targets shown), when cryptocurrency creators and "investors" exited (sold) at growth (not at the peak) on the AI HYIP...

Pump/dump and liquidity. Remember, if pumping repeats by a very large percentage as in the past (not likely), there will be no liquidity in the at all. That is, even not a large amount of money you may not be able to sell at the peaks, so that the price does not fall down by a large percentage. Therefore, it is rational to sell where there is substantial profit, positive news background and liquidity, which is created by purchases of "hamsters".



Many people want to guess the exact time of correction or pump.... When everyone waits — nothing happens. When they stop waiting — it starts.

Therefore, you should not guess and wait for something, you should build your trading strategy and risk management so that you do not care when and where the price will go. This is the most rational and optimal way for a trader.

Trade closed: target reached:
more than +300% from the reversal zone since publication on 6 02 2024 from the average set price of 0.5042 (indicated by the corresponding color dotted line). Now a pullback after the pump. There is a pullback on re test to the mirror level (zone) of support (former resistance) of the #accumulation channel. Then it's business as usual, and almost always on any assets.

Great attention to the small details of looking at an elephant with a magnifying glass makes you realize that it is the elephant itself that is being looked at, not a hare or something else...
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