Last evening was a new 1 Week & 3D Candle at 0000GMT as well as all the other time frames. In the past two hours while watching the 1W RSI, it has now turned into willie (68.25). Tipping up, then down, up then down, there is some indecision in the market which could indicate a move in either direction. This is a very crucial point for Vericoin as far as fundamentals go, we either breach the 70 RSI on the 1W time frame, or we start moving down, into a longer time frame re-consolidation, 6 mos to 1 year. Waiting for a clear signal on market direction may be a good idea.
It should also be noted that the previous weeks candle opened just on the 200MA, dove well below it, and climbed well above, closing roughly +1100 sat. If this weeks candle shows similar movement, it could send the 1W RSI into a downwards closing trend. Wither way, the volatility makes for some great trades.
I think a retest of the 200MA is a very possible scenario (mid to low 8's.), then again if the market is indeed showing strength (Which I believe it to be), there will be no need for that as the previous week's candle already did this and failed to close below.
As always, I'm no professional nor market maker, I'm simply sharing my ideas with the public.
Homepage: www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: twitter.com/VeriCoin
GIT: github.com/vericoin/vericoin
Roadmap English: www.vericoin.info/do...loads/roadmap_V1.pdf
Roadmap Spanish: www.vericoin.info/do...admap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
It should also be noted that the previous weeks candle opened just on the 200MA, dove well below it, and climbed well above, closing roughly +1100 sat. If this weeks candle shows similar movement, it could send the 1W RSI into a downwards closing trend. Wither way, the volatility makes for some great trades.
I think a retest of the 200MA is a very possible scenario (mid to low 8's.), then again if the market is indeed showing strength (Which I believe it to be), there will be no need for that as the previous week's candle already did this and failed to close below.
As always, I'm no professional nor market maker, I'm simply sharing my ideas with the public.
Homepage: www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: twitter.com/VeriCoin
GIT: github.com/vericoin/vericoin
Roadmap English: www.vericoin.info/do...loads/roadmap_V1.pdf
Roadmap Spanish: www.vericoin.info/do...admap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT