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XVGBTC

Updated Target for legendary XVG short: Bottom found? 1400+ inc?Hello! XVG is juuust about finished with it's 2 month long correction that came in the form of a beautiful falling wedge. However, we are not out of the woods just quite yet. I think we will be rejected in the purple circle. However, disregard this if we break above 560 - at least for your short-term consideration. For the more aggressive traders, 560-580 is close to a confirmed break out - but, 600 is bare minimum for me, as things stand rn. So, I believe we still have to see sub 400. As of right now, my target is 391. Why?! The gorgeous desc scallop that I originally started this trade with targets that. Good luck, #vergefam! #vergezoo Original call:
XShort
by jmC3PO
12
XVG - shows bullish signs for trend reversal (70% profit)All alts are looking pretty good since BTC is picking up bullish momentum again. XVGBTC here on the 4hr scale shows clear regular bullish divergence on the 4-hr in compliance with the RSI, which has also touched the 30 level (oversold) on the daily RSI since its big rally in mid March '18. Additionally, current price movement downwards finds itself in a descending wedge pattern, that can be seen as a reversal pattern once it breaks out to the upside. The red dotted line below is a long-term support level that has been breached briefly, where it is currently hovering under. To avoid possible losses, please open position once it breaks out the pattern and goes above this support line. Short term target: 930 sats - Not financial advice - Good luck trading, and make sure to use a stop loss! Maurits
XLong
by potadahead
2
XVG could go up ... if they get it right.Two things to note First we ignore the pump during the PH announcement. Secondly we assume that they fix the latest 51% attack properly I am not worried about the 51% attack, and as certain coins become more and more popular thi will happen, if they manage to fix it in an acceptable manner and the community agrees that it is done properly then most investors will not care too much about it. I am more worried about the lack of new features coming from the team, their new wallet looks great and it is desperately needed. More exchanges are coming on board thank in parts to PH. XVG has been on a slow climb punctuated by some pumps. If Verge breaks out of 610 then we should go all the way to 1000, (but slowly!). It will certainly not be a mad rush ... but it will get there.
X
by crypthal
Bitcoin Morning Update 5/28/2018Good Morning, Bitcoin recently spent some time in a descending triangle on a 5th impulse wave down and broke under as seen above. Yesterday, we retested the lower bound and broke under, as expected. We were at the top of the hourly BBands, and historically in downtrends a 100 level Stoch RSI has been fairly consistent in telling us that more down movement is ahead. The VPVR shows that our previous grim predictions are still likely to come true, with buy volume seemingly vanishing. Looking at the 6 hour () , we see that the 5th impulse wave, if this breakdown is as serious as it looks, will be over-extended, likely to add the length of the initial wave before the descending triangle, giving us a target of another $800 down, supporting the idea that we will land somewhere around the support zone of $6450, level 0 of our macro fib level. A contrarian look to the negativity lies on the daily () , where we seem to be on the C wave of a macro-correction, so despite bearish signs we still have to wait and see what happens once we interact with the $6k range. All the best with your trading! Written by: Philip Raytburg Research Analyst DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
COINBASE:BTCUSD
by EQBM
Bitcoin Afternoon Update 5/26/2018Good Afternoon, Today we're going to be looking at the macro 6 hour chart. We hit a low at ~$7250 and have since recovered to the $7500/$7600 range. However, looking at bear market trends, we see that whenever the Stoch hits about a 100, or anywhere around the white line pictured, we tend to go for another dive down. This supports the idea that we are in a bear flag right now, and the fact that we are at the top of the BBands suggests this is likely true. We are just at Span B resistance around the center of the 0.236 and 0.382 fib levels, and after we break down the next level of support lies at $6450. At that point, we either recover, form a double bottom, and form a large range between $6450 and $9950 or we explore what depths we can fall to. Buy volume is at its lowest point (with the chart pictured) as can be seen on the VPVR on the right, and really unless some manipulation happens and we get a large spike back to at least the 0.786 fib level the new bear trend will continue. All the best with your trading! Written by: Philip Raytburg Research Analyst DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
COINBASE:BTCUSDShort
by EQBM
Second 51% attack on VergeBad coin of the day is Verge. Verge went through one more 51% attack! Yesterday, Supranova mining pool, informed its 19,000 Twitter followers that verge was suffering another 51% attack, causing all blocks to be rejected. Same as the April attack, ocminer, admin of Supranova spotted this one. In a post on the Bitcointalk forum, ocminer wrote: “Since nothing really was done about the previous attacks (only a band-aid), the attackers now simply use two algos to fork the chain for their own use and are gaining millions”. The entity responsible is believed to have made $1.7 million already from the attack. Verge community assigned the attacker to “an act of hate” designed to FUD their altcoin. The opposing part of community addresses second hack tot he infamous lack of qualification of the Verge programmers team and poor repair of the previous exploit. The original attack involved exploiting one of the five hashing algorithms verge uses (most cryptocurrencies such as bitcoin only use one). This time around the attacker is believed to have used two algorithms after renting power from a service such as Nicehash and then using it to find all the new blocks. Verge team stays unclear about the situation. Vergecurrency Twit: "It appears some mining pools are under ddos attack, and we are experiencing delay in our blocks, we are working to resolve this." Technicals Price is under 100-days EMA; the bias looks bearish. Yesterday XVGBTC broke below the 0.00006 support, the next supportive level - 0.000005. Breakthrough of the 0.000005 level will decline total April profits.
Short
by DestinationMoonCrypto