Recently I shared a chart for STORJBTC pointing out the fact that 280 days of bear action were erased in a single day.
You can see the chart by going here and scrolling to the bottom of the post:
Now, Vertcoin (VTCBTC) is going through exactly the same process.
Today VTCBTC increased in value by as much as 135%. Generating its highest volume since July 2018.
At the same time, the value lost from early June 2018 through February 2019 has been gained back in just a few short days. Crazy volatile / Amazing and highly profitable cryptocurrency market.
So 245 days of going down were deleted in a few days, and there is a big chance that this is just the beginning.
Here is the daily chart:
Today's candlestick broke above MA200 (black), EMA200 and EMA300 moving averages, which mark very strong resistance levels.
A close above these levels will signal a huge potential for additional bullish action.
I mentioned in my S&P 500 (SPX), soon to crash, article that many altcoins were setting up to make a strong move... And this is already becoming true.
Read about the SPX incoming crash here:
A new bullish wave is developing within the cryptocurrency markets.
Stay tuned, I will keep you updated and share many opportunities from which you can profit, easily, by simply buying low and later selling high... Perhaps... Now, you can hit LIKE!