VET - Garbage (For This Cycle) Until Proven Otherwise

8 May

20 minute technical work-through.

VET has a terrible chart and may be one of quite a few coins to be printing a multi cycle bear market..

This means that anyone holding VET this cycle or even from previous cycle may see their positions erode significantly or even lose everything.

Just to be clear I have been bullish Bitcoin and bought many altcoins and made many bullish threads since January 2023...

But the point is that it takes skill to pick the best coins and when to buy them.

The days of hodling with 0 technical awareness are over.

Buying coins with "great fundamentals" that perhaps performed well in previous cycles, is now a great way to donate to the market and lose everything.

I'll attach my bearish THETA thread as well as some bullish threads that I have made through this cycle.

For those of you that dont know of my content, I posted a lot of successful bearish content in the previous market cycle also and I will post my bearish VET thread from 2021 also.

These days TrandingView only allows 5 linked threads - check them out if you like 👍

Not advice.

8 May

Not

If you enjoyed this depth analysis then hit the BOOST and more VET hodlers will see it - thanks 👍 .

14 May

Not

SOL already had a solid bull market which I called back in 2023 (see linked thread), and now it is pushing on up again.

Meanwhile VET is doing nothing and even if it is an "everything melt up" toward the end of the market, that big bearish engulf will likely not get exceeded for quite some time.

19 May

Not

Let us know in the comments when you realise...