After a huge move in Vericoin price earlier in the week as well as a BTC price rise yesterday and as Traders awake to $2,700.00 BTC I fully anticipate the Vericoin market to go back into its 'box of consolidation'. For those that may not have entered yet, this may be a decent entry point as it will signal a continuation of a strong pattern channeling upwards...
A congratulations are in order for the Vericoin Blockchain, which has now reached an all time three year High of 9.01 Million dollars. Heavier than normal volume today pushed the price up to and past the current trending channel, yet pulled back dramatically as volatility and intra-day trading opportunities become more fruitful. It seems as if the bulls and the...
After a slight weekend run up in price it appears for the moment we are about to re-enter a consolidation period. With BTC making new highs intra day traders that are looking to go into Fiat at higher BTC prices will be inclined to sell, however those looking to increase their BTC position or VRC position will be seeing the opportunity knock and strike when...
Looking at a potential 2nd consecutive Pennant top which would confirm continuation of a bullish trend. I would expect a local high here soon, if it has not already occurred (the flag pole) on the 12th. The main channel continues to trend upwards slowly over time as cyclic trading occurs within. Overall this is a very healthy sign and like the previous pennant I...
Last evening with some high volume in a 200 sat range (6700-6900 Sat), Vericoin (VRC) tickled the top of the pennant on many occasions. This morning it has broken that pennant with a small step, this may be the 1st indication of a substantial market move if multi-week resistance turns into weekly support. Coins for sale on the order book are down from 2.34 million...
20+ Days in the pennant and it is not breaking the bottom with increasing volume, presumably testing support levels. That pennant bottom is 100% critical to a continued steady up trend in the current fib channel as seen from the 1st of the year. A very steady 5 month move with a few intense points of heavy volume confirm this beyond the shadow of a doubt, HOWEVER,...
Again, pennant holding true. Slight volume increase, but certinaly nothing to get excited about. Even with BTC's current run up on 'some' exchanges, it seems to want to hold this current trend. All be it sideways a bit. Low buys at s1/s2 may be a fruitful intraday bounce play for a fast trade or even cost averaging down if in a Current position. 1D indicators...
The pennant continues. Today looking at a shorter TF (2 Hours) & As Monday 'opens' (non retail), Stoch appears to be rebounding from a bottom (single digits). The weekends price action was fairly low in regards to any large moves with volume also on the low side. 12H Stoch looks very promising as we have a potential break out of the BB squeeze on that Time...
Seems as if overall the Pennant is holding and with new support levels to be printed in less than a day unless a break out to the upside happens beforehand, the weekly pivot I believe will come down to lower levels than this current week. Tomorrow being monday, and any possible non-retail traders involved (and bots) may see this as a weakening market and start to...
It appears that we are in a lower volume consolidation better seen on the 1D as shown. A flat-top wedge (red Line Top) within a Pennant. The 1D B-Bands are squeezing hard. Theres no question something soon is going to happen, however the low volume trend in the past few days leads me to think that a downwards push into the mid 5000 Sat range is not only possible,...
Seems the past 24 hours has been a slice of humble pie for me. One thing I have learned in trading is if you cant admit you were wrong, you will never be right. I was wrong. Now changed to a yellow line, this was my suguested bottom trend line . It was broken under very light volume for a hand full of candles. Increased buy support today up from 13 BTC to 100+...
I like to look for market reversals at equinox & solstice, this could be one. Def worth thrown' some dust at.