Seems like the Vericoin market has created a short term (red Pennant) within a longer time frame repeating pattern (blue pennant). I still believe that the blue pennant will play out, and there will be another drop in price into the green consolidation zone. This Red pennant is highly forced as show my the market reaction, and if it breaks it should fall right back down at the green channel top. That isnt to say that it will though, but it should. As bitcoin rises back in USD value the timing would be well suited to head towards the consolidation zone or even below to the channel bottom, however with the recent volatility in Vericoins price movement, it leads me to think there is a few different forces at play. All of which are excellent for price action & intra day of course, however I dont see a solid set up at the moment. I tend to not trade lower time frames, however under increased volume and volatile conditions I frequently do enter into a trade with tight stops to see how it plays out. This being said I'm also not seeing any similar volume nodes to indicate a price movement out of a consolidation zone, so I will be keeping an eye open for that as well.
In other news The Vericoin and Verium team has begun work on expanding and upgrading their website. With the recent news and influx of new entrants into an emerging market, simplifying and making information more easily accessible has become a project of a few showing a more modern, sleek look that immediately begins to explain the soon to be released new protocol for a binary block chain. The re-vamped page is live and seen simply by visiting the URL posted below.
Also this week, VRM (Vericoins asset) reached a high of $1.23 on Bittrex, which is of no surprise due to its very low supply. More information on VRM can be found on the Vericoin's website as well.
Homepage: www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: twitter.com/VeriCoin
GIT: github.com/vericoin/vericoin
Roadmap English: www.vericoin.info/do...loads/roadmap_V1.pdf
Roadmap Spanish: www.vericoin.info/do...admap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT
In other news The Vericoin and Verium team has begun work on expanding and upgrading their website. With the recent news and influx of new entrants into an emerging market, simplifying and making information more easily accessible has become a project of a few showing a more modern, sleek look that immediately begins to explain the soon to be released new protocol for a binary block chain. The re-vamped page is live and seen simply by visiting the URL posted below.
Also this week, VRM (Vericoins asset) reached a high of $1.23 on Bittrex, which is of no surprise due to its very low supply. More information on VRM can be found on the Vericoin's website as well.
Homepage: www.vericoin.info/
Slack: vericoinandveriuminvite.herokuapp.com/
Twitter: twitter.com/VeriCoin
GIT: github.com/vericoin/vericoin
Roadmap English: www.vericoin.info/do...loads/roadmap_V1.pdf
Roadmap Spanish: www.vericoin.info/do...admap_V1_spanish.pdf
Roadmap Chinese: www.vericoin.info/do...admap_V1_chinese.pdf
My Twitter: twitter.com/BTCFailWhale
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT