MichaelvandePoppe

Vertcoin Trade Idea (Falling Wedge, 100%+ gains possible)

BITTREX:VTCBTC   Vertcoin / Bitcoin
Vertcoin Update Log Chart
What do we see on this timeframe (1D candles)?

- possible falling wedge
- back on the lower trendline (bounced on it)
- seems to be finished with Leg E from the Falling wedge
- weak bullish divergence on the MACD (later on a bit stronger)

Given the RSI on the 4H timeframe, given the falling wedge scenario and the bullish divergence + the trendline coming in to play, I'm expecting it to break out in the coming days.

Which two scenario's are in play here?

1 - breaking out of the falling wedge from here, as in that case E is done. Breaking out, retesting and then we'll be moving upwards towards the target zones.
2 - not breaking out right now --> another retest of the bottom around 33000 sats             and then a breakout and uptrend --> lowest expected.

Targets:
1 - 50000 sats            
2 - 60-62500 sats            
3 - 80000 sats            
Trade ist aktiv:
Trade ist aktiv: Just posted a big timeframe update and small timeframe Update on my twitter.

Big Timeframe:
https://twitter.com/MNPoppe/status/963049511504498688

Small Timeframe:
https://twitter.com/MNPoppe/status/963049739498479621
I like it! show me the money :D
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