POLONIEX:VRCBTC   VeriCoin / Bitcoin
Well after a very over bought run to 18K, with no suprise we are now headed towards the channel bottom. With break outs, I expect the break-downs to be strong aswell, as we are already back into a pre-thought consolidation box. Retesting the channel lows I believe is a high probability putting us at somepoint in the 7400-7600 range. This price drop will be encouraged by BTC's drop aswell, as traders looking to trade against fiat will continue to realize a loss. Traders looking to increase their VRC or BTC position may capitolize on this as a period of opportunity. It is possible that there is a reversal channel forming (In Yellow) which may signify a a turning point in the market. Fact is VRC was not ready to break out to such a degree and now key bottom levels must be maintained or the reversal will be confirmed.

I am long trem Bull with VRC , I wont hide that fact, but even within a bull run is volitility, which can be highly rewarding to any one, from intra-day to increasing possition size.. which ever catagory suits you best.

Bittrex, another exchange with VRC has been breaking into the sub-9000 sat range already. As expected Polinex will test higher highs (run to 18k) and with that will come lower lows is my honest opinion.

Aside from the trading aspect, if you are unfamiliar with the Vericoin Project below are some useful resources.

Homepage: http://www.vericoin.info/
Slack: https://vericoinandveriuminvite.herokuap...
Twitter: https://twitter.com/VeriCoin
GIT: https://github.com/vericoin/vericoin
Roadmap English: http://www.vericoin.info/downloads/roadm...
Roadmap Spanish: http://www.vericoin.info/downloads/roadm...
Roadmap Chinese: http://www.vericoin.info/downloads/roadm...

My Twitter: https://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

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