Take a look at this wedge that has been forming during the past days. A breakout above the wedge will likely result is a large rally.
$$$ You know what it is. After our two month long bear market, it's BULL TIME!
Super strong support around $90. That will be my target for low in the coming days (weeks?). Following the 24th of Feb, I expect a rocket ship to blast off faster than escape velocity and land on the MOOOONNN!
Look at the consolidation wedge! Bask in it. VTC has LEAPED from $1USD to $5.50USD in such a short time that the market corrected. From here, we established a new baseline... $4.1X THAT IS THE BASELINE 300% from a couple months ago! The ceiling is sitting around $9.00. Get your LTC, BTC, and USD ready to buy in now b/c we are fueling up this rocket! Happy Trading!
I set up some obvious lines for support and resistance. It appears that VTC/USD is consolidating....finally. Wild fluctuations created by "MOON" mindsets and FOMO creates a pool of investors who overpaid for their coin. Now they are sitting at the computer waiting for the price to move up so they justify selling low. We've all been there... Moving forward, we...
No complex tread lines or detailed paths. It's pretty safe to assume we will follow the channel illustrated above until the Hard Fork next week. From HF's pasts: BTC Pumps, Alts Fall until the HF. After the HF, BTC Falls and Alts pump. I converted some of my VTC stack back to the stable LTC during the $4.2X mark, so I can buy in later for more VTC. I'm looking...
We will see in about 6 hours whether or not this bear run is over. Looking at bottom support line, the bulls may finally take this run. There are too many newbies who are losing $$ to the whales. Eventually the plankton will run out and our value will rise. I converted my last LTC stack over a few minutes ago. Let's see how this pans out. Happy trading.
Here is a reconfiguration of my last post.
The black circles show a near identical trend. Following it should map to the yellow dashed line. Happy trading.