Vericoin
Verium is on the watch! QTi65 Formula SignalOne of the oldest coins is back on the track. Nice time to long this one, Verium is part of a ecosystem based on the Binary-Chain protocol with Vericoin and they will launch officially soon the P2POOL.
Although the competition amongst crypto-currencies is intense at present, I have no doubt that with these features, VeriCoin will be one of those to break-through, perhaps some-day challenging Bitcoin itself.
Dr. Tom Holden, PhD Macroeconomics Oxford / Lecturer - University of Surrey
sources : vericoin.info
QLEMAC
Looking at #Vericoin #VRC and wondering if it's time to riseA friend asked me to take a look at an oldie and here's my view for #VRC / #Vericoin on a daily chart.
Looks like it's on the edge of entering a lower level of a main descending Speed Fib Fan and crossing it with Ichimoku patterns I can see a move like that in the following months. Maybe it won't be exactly like that, but it has a lot of room to move around and the ghost pattern is just to show what I would like to see regarding all support / resistance Speed Fib Fan levels. I've also added some Fib Levels for probable targets in a future possible push.
This is a hard call to make but then again I can be totally right... "Time will tell" :)
The History of Vericoin Vericoin started in 2014, essentially as a Blackcoin clone (if memory serves). The development team (Patrick Nosker, Doug Pike, and David Boehm) has been very active over the years and still all work on the project.
And the price: Looking at the chart, you will see five (5) price bubbles I am calling attention to since 2014. Since then, the price has never really dropped below 2000 sats, and bottoms are typically found around 4500 (the red accumulation rectangle). These bubble cycles vary, but seem to last around 1 year; we are currently around half a year on the downward trend of a cycle. If you were to average in between 4500 and 2000 sats on your buys, you would have an average buy in price of 3250. Based on the history and using 3250 as a base, this coin has a high likelihood of a jump to at least 200%. I see at least 5 times it has entered and exited the accumulation zone and hit this 6500 level. Additionally, I see 10 times it has broken the 13000 level (400%), and Four of the Five aforementioned bubbles have broken the 26000 level (800%).
This is not investment advice, but the history is evident. Do your own research and good luck trading.
VRM - USD Daily BittrexEvery 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 thats an "RSI Below 30".
VRC Analysis - Short Term Bullish TrendAfter a bullish 'Cup and Handle' pattern was completed on the 3rd March, VRC appeared to find resistance around a long-term resistance trendline before bouncing off an shorter-term upward support trend line. VRC broke the long-term resistance later on the 3rd March and jumped 20-25% before further increasing after a temporary lull to hit the upper long-term resistance at around 13000 sats. With a gradual descending trend, VRC formed a 'Bullish Pennant' pattern. Meanwhile, RSI gradually decreased to the low to mid- 40s while the MACD suggested bearish divergence. The Bollinger Bands indicated reduced volatility on the 5th March as VRC approached the resistance of the Bullish Pennant. WIth the RSI now in the low 40s and MACD suggesting a bullish divergence crossover, it rallied with a 30% jump before reaching once again the long-term resistance.
VRC appears to be in another downward trend forming yet another 'Bullish Pennant' pattern bouncing off a long-term resistance line that transitioned into a new support line. With the long-term resistance line come support converging with the short-term support line of the bullish pennant, the Bollinger Bands are once again converging suggesting reduced volatility. RSI hovering around 40 into the high 30s as the MACD continues a smaller magnitude bearish trend but converging to what may be another bullish divergence crossover.
The repeating bullish pennant pattern, coupled with the strong support and favourable Bollinger Band, RSI and MACD indicators suggest that VRC should make another run, potentially up to around 12200-12500 sats (~30%) if it reaches the long-term resistance once again.
VeriCoin following previous pattern - News and UpdatesVeriCoin follows a predictable pattern of lows and highs with an increasing price level every movement cycle. Development team continues to work on developing their technology working on both VeriCoin and Verium (Most development teams struggle to just develop one coin lol). With a truly unique approach of using one coins mining power (Verium $VRM) to speed up and confirm blocks of another (VeriCoin $VRC) using their unique technology called the Binary Chain (AUXPow). VeriCoin can increase it's TPS(Transactions per sec) +600 and beyond while staying on chain and decentralized(Most high TPS coins are centralized like XRP and NANO). Also rumors of new exchanges (one big new exchange, and several others) for both coins seems to make both extremely undervalued with a very low supply for both VeriCoin and Verium it's only a matter of time for both of these coins to be in the Top 100
Vericoin - VRC - Excellent medium to longterm opportunityVericoin was a bit on the quiet side until mid December when the developers decided to really start pushing their marketing and community interaction. Being the first of its kind, a binary blockchain specifically engineered to combat slow block times and high fees, Vericoin has slowly been on the rise as more and more people catch on.
With everyone looking for the next altcoin to take make some fast money, Vericoin saw a huge jump in early January. Unfortunately, the crypto bloodbath affecting all altcoins occurred a few days later and Vericoin dropped back down to a large extent. The coin actually endured the bloodbath particularly well and continues its upward trend. There's been plenty of room for profit along the way with spikes of 10-40% common.
With a nice low market cap of around $50 million, heavy developer activity, a big push for marketing and excellent technology specs, this coin could quite easily be the next hidden gem.
So lets take a look at our trade:
Buy in - 0.00012500 - 0.00013000
Stop loss - Under 0.00011000
Targets - based on history:
Target 1 - 0.00022000
Target 2 - 0.00029000
Target 3 - 0.00037000
Target 4 - New ATH
Trade duration - Medium term - weeks to months
Keep an eye out for
-Code update to version 2.0 (95% complete apparently)
Vericoin introducing "Binary-Chain"!I have been idle for a while now, just waiting for the right time to jump in.
Yesterday I bought 6 new coins, Vericoin included.
It was added to my portfolio. Please read my latest blog post to get updated on what I am doing :)
Fundamental
"VeriCoin and Verium is the first dual blockchain protocol technology that pairs a digital currency with a digital reserve. This means faster transactions, more security and solves the digital currency scalability puzzle."
I'm quoting from their website.
In 2014, Vericoin was created. Actually, it was one of the first coins I invested in.
Though, to be honest.. If someone said to me " In 2018, Vericoin will be fully alive and have a marketcap of 60mil " I wouldnt have believed it back then.
But here we are . Vericoin doing some good work, and I am looking to take a position on it again :)
I'll recommend reading their blog update:
"2017 - Year In Review"
Where we can see some good numbers and progress.
Just look at this reddit usergrowth for example.
To summarize..
Vericoin is an honest and solid project. High userbase increases and a couple exciting things happening.
I believe this is a good time for speculation in the lower ranges of marketcap, so therefore I believe Vericoin is a strong bet.
Technical
It looks like VRC behaves after the Pitchfork lines I have put up. So gonna recommend buying at the 0.618 , and looking out for resistance at median.
My target for this is the 1.618 from this recent run we had back in end of 2017. Also noting the channel for resistance.
I'll try to update along the way :)
Exchanges:
Bittrex
Poloniex
Upbit
VRC oldboy road to 55000 sat, retest and forming giant c&h?Looks like vrc want to test the 55000 sat just look the parabolic sar sign. Wil it?
Marketcap 44.000.000
VERI GOOD OR VERI SCAMI know I'm veri emotional when we speak about vericoin. Vericoin caught my eyes at the first time that I opened and scrolled coin marked cap. And I scrolled a lot to find it. First love.. buyed and hodl even when some other coin flirted with me.
When you read the blog of vericoin, you find always the same.. Incredible technology, people will discovered it. Billion dollars coin. Most undervalued coin.
I have more than a doubt that it's just bullshit, but love is blind and I have hodl.
Ok love is love but crypto is not for romantic.
Vericoin make always big pump, then it dump. Always. But maybe not this times. I set me this rule. If it go back under the black line (I will show you later what it is) it is a pump and dump scam and I will sell it and I definitive break with this verilove. If it stay over this line I hodl till the end of my days
VeriCoin - Undervalued? Big VolumeBig volume incoming on VeriCoin.
Good tech & team.
Im long on this.
Short term target: 10$ !
Good luck,
This is not financial advice, do your own research before investing!
VERI VERI VERICOIN FOR VERI PATIENT PEOPLEWaited a moment like that since months. no better since ever.
There is a so long triangle to break. And a smaller one too. A triangle in a triangle...
I don't know what is the target. I don't care. I go blind in this trade.
I already feel me like Scrooge McDuck swimming in a pool of Vericoin.
VeriCoin Trend Remains BullishFollowing the previous idea on VeriCoin , it broke above our target signaling that it could go much higher. After breaking a strong resistance at $0.77, VRC/USD corrected down to $0.55 where it rejected the uptrend trendline as well as 200 Moving Average.
The trend remains very bullish and VeriCoin should go higher towards either $1.8 or $2.2 resistance levels. These levels are confirmed by the Fibs applied to the corrective wave from the previous all-time high. Only a break and close below the 200 Moving Average could invalidate bullish outlook, but for now it is clearly trending upwards.
