Long

XVG Super Cheap Privacy Coin Ready for launch

Updated

In case you didn't know all the attempts to regulate and tax crypto has lead to a massively increased interest in privacy coins that can't be traced. Among these are Dash Monero Zcash and PIVX. Not so well known but with a strong dev team and high volume on Bittrex (currently in 11th place) is Verge. currently at 120 sats up from 80 sats a few days ago. It seems ready to get its boost from the privacy community financial pool. Bitcoin is predicted to hit 5k soon but it's going to retrace significantly when it hits about 4950 and all the day traders dump. When that happens we should see a pretty big bump to all alts as money poors back into them and Privacy coins will likely be a first target especially for moving all that new profit around tax free. I suspect Verge could break 1k satoshi's over the next few weeks.

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bitcoin rally could hit harder then expected, if you are concerned and cannot hold long term set stop loss for 112 or 110 if you can afford to hold out a little longer. if to many weak hands sell early it could dump to as low as 75 over the next week. my threshold for this possibility is 100 satoshi if it gets below 110 i will scale out from there down to 100

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long term yes i would say thats a good plan

Trade active

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volume is pretty low so im concerned but still in. I'm watching that ichi cloud if it drops down through it i highly recommend selling. otherwise, hold

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volume on most alts is slowly falling as is the case with XVG still it's holding the orange trend line for the moment. like i said watch the ichicloud on the 2hres, as long as we stay in or above the green cloud we should be ok otherwise i recommend selling for short term traders. for long term i still think it's a safe hodl

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volume is increasing again up to 1225btc from 1041btc when i went to bed last night. it is following the new orange trend line still good dip to buy. i have been slowly accumulating more as the price dropped

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i see the current bottom at 115satoshi anything under 120 is a good entry

AMDaley

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