The 4 week chart is just one week. This hasn't seen a massive spike yet, and forex 101 doesn't apply to the crypto market. I'd consider anything up to 20k sat a "chill your tits and enjoy the ride"-position
Agreed, this is still early days and 33k is actually aiming very low... History has shown time and again that massive spikes can be expected after a dip like the one we just had. 20k has already been re-conquered and it should be onward and upward from here.
Upward? I'm not sure.. Look at marketcap: VeriCoin $ 3,447,369
At peaks it was 6? mio $
I think VRC will be below 1,5-2,500,000 $ so price will drop.
Just my guess.
This is not looks like there'll be double top or double top-new peak; it looks like classic bubble;
we'll see how it will be. Time will tell
