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philipdinu
Oct 23, 2017 3:07 PM

$VTC - RSI heavy oversold - Kumo Bounce Long

Vertcoin / BitcoinBittrex

Description

VTC is heavy over sold in the 1H zone, and 4 Hr appears to be in trending mode. Good buy opportunity here on the dip and bounce off the 1HR ichimoku cloud kumo.

Comment

The lower red trend line is a possible 2nd entry point if the bounce doesn't hold.

Trade active

VTC looks close to run:

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Adding to the VTC position on the dip:

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Trend continuation off the bounce:

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Adding to position here:

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H & S formation on support:

Trade closed manually

Exiting VTC for now with this 30min Exaggerated divergence in play. Watching for lower entry.

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