VETBTC trade ideas
VETBTCLong term I'm bullish on VeChain but in the short term I'm bearish. Since VET made an all time low on May 13th 2019 I'm thinkin that it'll fall down and find support at either the 1.272 or 1.414 fib extension levels shown on the chart. We know that when Bitcoin pumps alts fall, and if Bitcoin dumps alts will bleed right along with it. So no matter which direction BTC heads in the near future I'm expecting this coin to drop and possibly bottom out around either one of those levels.
$VET I like how this is looking...$VET I like how this is looking...
Double bottom at support level around 82sats
Volume looking nice
Massive RSI & MACD divergences can be spotted (both rising aswell)
Really nice room for movements at this level
Pay attention to that descending trendline breaking..
#VET
[VETBTC](73%) VeChain Falling Wedge, Potential Breakout Targets!VeChain (VETBTC) is now trading within a falling wedge. This is a bullish pattern and can produce a strong breakout.
We are seeing increasing volume and an attempt to break above EMA10, these are early signals of an upcoming move to the upside.
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BUY: 84 - 92
NEXT SUPPORT: 80
TARGET:
(1) 110
(2) 120
(3) 130
(4) 145
(5) 158
STOP: Close weekly below 72.
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Thanks a lot for your support.
Namaste.
This is not financial advice.
VeChain - TrendreversalHello guys, as you can see we rejected hardly at the 200 EMA (orange line) 156 Sat~ , after we rejected we got a hell of a dump and initiated with an WXYXZ to our current price 98 ! As we completed the eliott wave pattern we are forming slowly into a falling wedge & our new considolation zone . If we manage to break up we will see another attempt to test the 200 EMA. This would look like this to me.
Best of luck!
P.S: My analysis is just TA based, you should take a look at the fundamentals and milestones VeChain is achieving right now!
VETBTC point of change for this coin.The things I like about this coin
- Sell volume is slowing
- Descending wedge indicating potential reversal
Questionable indications
- Bouncing below 50 RSI unable to break above this resistance
- 9 day moving average not in support
- MacD not crossing over anytime soon
- Larger downtrend line must be broken before confirmation of a continued up trend
All in this coin is still has a ways to go before convincing me of a trade, there may still be some down to go as the present resistance is not a strong one.
That's my take, not trading advice just some observations.
VET/BTC 10-25% Profit, 1-5 Day Trade (& BTT is one bad mothaaa)Happy Friday Financial Amigo's! BTT is my primary love affair at the moment and still gives me tingles you know where. But I also like VET as a potential side chick. It's a good/stable coin, had a nice run over last months and definitely completed significant retrace from then, as well as from all high/late 2017.
My average trade is less than a day but lately I've been trying to venture a bit more into a few mid-term trades to make up for occasional short term loss(es). If I can just couple my wisdom (a.k.a.: arrogant confidence) with some more patience then I'll be in good shape. Seriously though, over time, but especially recently in this coming of age crypto bull market, I've found how important patience truly is if you want to grow as a successful trader.
Easier said than done, especially when drinking while trading. Anyway, not to digress so let's get to it!
TIME RANGE:
Currently: 3 PM Eastern, VET = .00000092 BTC (I'll be excluding all the 0's hereafter)
1-12 Hours :
98/99
1-2 Days :
101/102
1.5-4 Days :
108/109
2-5 Days :
112/113
If I am wrong, then I hope you didn't read this. If I'm right, then you're welcome. Either way, this is for fun and not financial trading advice. DYOR, blah, blah, blah, etc.
PS: SHORT TERM BTC PREDICTION:
Not ever trying to wish losses on other traders, but Gosh! Isn't it nice to hear bears bitching and moaning for once lol. You can fight it all you want, but I knew when this last FUD dip(s) regarding alleged Tether problems/Binance hack, etc., only caused a tiny dip with quick recovery, that it's time for more profits. Other bull runs happened quick, I think this time will be a bit different with longer/more stable growth. However, still expecting some normal Bitcoin/Crypto volatility. Fingers Crossed.
Next Month BTC Timeline:
8K to 8.3K to 9.4K to 10.3K down to 7.5K
(Those are "ish" ranges, not putting my actual sell/buy limits on here lol, or claiming to when it's really fudged figures * cough cough * pay me money for a subscription lol
Good luck trading amigos and thanks for reading. Maybe.