Verily, Verily I ask You: Is Now a Good Time to Buy Veritaseum (VERI)?
SUMMARY
Veritaseum (VERI) is extremely oversold as shown by the daily MACD in the below chart. Not only that, but the MACD has made a lower low BUT price has NOT! Follow the yellow line and it shows. This is a divergence that shouldn't be ignored. The donward wedge pattern also has the price in very close proximity to the Apex. In a scenario of this type, do you think a crash is more likely or a breakout? In which direction would probability point?
The closeup shows a wxyxz for the overall correction. Yes, there are other ways of labeling this and yes, those otehr ways would be technical correct. However, the current labels shows the best form and fit just looks better. This is the bit of subjective nature for Elliott Waves. I've always said, you get two Ellioticians in a room with a chart, an argument is guaranteed to breakout. The white abc being subwaves of the red Z and the white 1,2,3,4,5 are the subwaves of the white c. This correction, for what it's worth, is either doen or is about to and provide at the ver least a sizable bounce breakout. Yes, sideways price action is something to keep aware of becuase this is an Altcoin.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Nice one
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You can read this article
Hey @haejin is BTS looking like your last update about it?
Always choose a good topic @haejin,
1st we must understand What Is Veritaseum?
Veritaseum builds blockchain-based, peer-to-peer capital markets as software on a global scale. We are taking a wide swath of assets and exposures and placing them on the blockchain as autonomous software that seamlessly connects to parties without the need for a 3rd or authoritarian interest. Any entity with internet access can participate in these capital markets on a peer-to-peer, over-the-counter, and one-on-one basis.
The centralized software platform is designed to cater to existing institutions that are not prepared to take the full leap into distributed capital markets systems. It will run on servers under the control of the client, i.e. the Jamaica Stock Exchange, if they were to enter into a formal agreement with Veritaseum.
How to offer VERI Tokens
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If you would like to offer rental of your VERI tokens navigate to “Offer VERI Tokens” tab and set your VERI deposit by clicking on the “deposit” button in the header. The tokens won't be transferred to the contract just yet, the value is just an allowance for use in the rental app. You will be asked to sign a transaction in a Metamask dialog window.
After the transaction has been accepted, the new deposit value will appear in the sidebar.
![veritaseum-coin-113.jpg]
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Next, fill the form in the right panel which requires you to provide Amount, Price, Duration and Expiration. Expiration is not mandatory, by default your offer never expires but you can cancel it before it is accepted. On the top of the form you can also find the current ratio of VERI to ETH. After you fill the form, press Order to create new Offer.
MetaMask plugin will ask you to confirm your transaction in a popup window. Until the transactions is complete and added to the blockchain, you will see a pending transaction in My offers table. Processing on Blockchain takes considerable amount of time, so please arm yourself with patience, usually your transaction should be completed within around 20 seconds.
Looks like a scam coin.
where can i buy?
you say you do that to help people. I and many others have lost a lot of money by blindly following you. so we are the stupid ones. you teach in trading now and you say you have 15 years of experience. I have learned a lot thanks to @philakonesteemit and I still call myself amateur but a much better analyst than you now. @philakonesteemit teaches us about elliott waves fibonacci, macd and other indicators. he knows exactly how to buy and sell in detail. He shares this free on youtube and updates on his twitter. All this for free. You do this to make money on steemit and not to help people. from January we are in a bearish. both for bitcoin and altcoin and you encourage people from January to buy further because you say the market is bullish. Stop hurting people and you must follow lessons yourself before make analysis. I follow this men already 2 months and he is realy good. What i lost by follow you. I am making now profit by not follow you and follow this men: https://steemit.com/@philakonesteemit
Philakone is a much better analyst. Would also suggest checking out TradeDevil on YouTube. @haejin just draws bullshit lines without checking the overall trend and using even a modicum of common sense or decency. Anyone that was remotely in the loop about alt coins and bitcoin knew it was all going to tank but he kept pumping out useless EXTREMELY IMMINENT EXPLOSION BOOOOLLLLIIIISHHHH predictions. Does he even care about MACD/RSI/SOME fundamentals? Nope... he just wants the steemit rewards.
dico vobis quia dives difficile intrabit in regnum caelorum
HELLO My Goldfish Died Today. Can I Get A Few Upvotes?
I just wanted to say that I admire your braveness posting on here. Because some people are students in the proverbial class of Steemit wit and witticisms. Others are the teachers. I can say without a doubt that you are unique and fall outside of these categories because, to me, you have no class!
yodi.... go read this https://steemit.com/cryptocurrency/@neilstrauss/how-the-blockchain-can-end-world-poverty
Read and enjoyed immensely.
You are a curator of no small skill, my alphanumerical friend.
touché