VEN VECHAIN - Jan 31 Technical Analysis Update - TARGET ALMOST HIT! What Next?

in #vechain7 years ago (edited)

Congratulations to all VEN traders. We are almost hit target

This was the call for those that missed it.

Now comes the moment we decide wether to take profit and enjoy this quick 15% gain or possible ride longer to the 0.5 fib level. Though I do believe another correction wave is in play, which we must diligently watch for. I'm quite uncertain at this point if we can get a higher high due to volume slowly fading, therefore I have enjoyed my 15% profit and am currently out until a better opportunity arises.

Please watch these possible paths extremely carefully and I will update in the days to come.

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Please consider these videos:

Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex
Lesson 2 - How to Analyze Candlesticks Charts with Strategy
Lesson 3 - Moving Averages
Lesson 4 - Relative Strength Index RSI with Advanced Strategy
Lesson 5 - MACD and Histogram
Lesson 6 - Margin Trading Long, Short, Leveraging
Lesson 7 - Basic Risk Management
Lesson 8 - Fibonacci Retracement Part 1
Lesson 9 - Fibonacci Extension Part 2
Lesson 10 - Laddering
Lesson 11 - How To Interpret Time Frames
Lesson 12 - Swing Trading Advanced 55 EMA Strategy
Lesson 13 - Introduction To Elliot Wave Theory
Lesson 14 - Using a Basic Excel Tracker for Risk Management
Lesson 15 - Tutorial Part 15 Automatic Stop Sell/Buy Executions

Twitter - https://twitter.com/PhilakoneCrypto
Youtube - https://www.youtube.com/user/philakone1

If you enjoyed this video, please like, subscribe, follow, share, upvote, or donate to Luna!

Luna's personal bitfinex account:

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9
Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850
LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd
Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD

The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization.

DISCLAIMER:

Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.

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Just upvoted!!! and the last 7 videos that I watched. Thanks for doing this it's addicting for me to watch as it is for you to trade!

Thanks Again for the follow up. Im still struggling to read the charts to figure out where the peak is and how far it will drop. I played the peak here though, got a buy order set at .00057, so I’ll see if I can make some gains here.

Nice post. Thank you! I follow you now :)

Oh wow I was hoping you would do this one :)

Glad to help Roger. I hope you got in earlier and if you did, please enjoy those gains.

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin10138.500$-1.53%-10.29%
ETHEthereum1108.390$1.73%5.98%
LTCLitecoin161.873$-3.74%-10.21%
VENVeChain6.318$5.71%-18.15%

Man, would love to learn more about the techniques you utilize, you should start a weekly podcast!

hi philakone! Where do you go to make money on shorting? You mentioned you make money by shorting bitcoin.

I'd like to know if there are any US exchanges so we can short BTC as well!!!! Bitifnex is no longer available to the US.

This was great! It played out exactly as you called. Can you do another video on VEN?