$XVGBTC on the "verge" of a breakout?This is my view:
Bitcoin has been running sideways for a long time and I think people are getting tired
Alts are currently retesting support on the multi-year macro trend line.
And now, with respect to BITFINEX:XVGBTC , it looks like the end of the downtrend is nigh.
BTC dominance looks like
✳️ Verge vs Bitcoin After 540% Growth (250% Potential Next)Verge (XVGBTC) grew by 540% in its initial bullish wave, the bullish breakout that marked the end of a multi-year long bear market for this trading pair.
This wave took place between late June and early July.
As is normal and expected a correction followed the massive growth.
A 64% correction, XVGB
XVGBTC requestThey say it's hard to catch a falling knife. Finding predictive trends that show any signs of upward momentum is difficult. However, I have some methods and tools that can give some hope to a lot of downtrend and without needing multiple bottoms to draw trends.
Vertical lines = Change is coming s
✳️ Verge | Bulls Confirmed [12,796%] (Name Your Altcoin #22 ✅)Verge (XVGBTC) is in a good spot, it has been dropping since December 2017 and it is now ready for a major bullish wave, after 4 long years.
First is the weekly chart with the current price action:
Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7
Going to Zero?Technicals:
Taking a look at XVG for a friend and I don't see anything good going for it. At first it looked like it was developing a nice broadening wedge reversal, but it needed to hold above 46 Satoshis.
There's no bullish scenario for XVG without the log-scale, but XVG seems to move logarithmic
XVG/BTC - will there be explosive upside soon?Based of the Prophets indicator suite, a golden pepe appear when there is divergence appears across different indicators like RSI, MACD, MFI, OBV and a custom OSC. A golden pepe is created by combining these 5 divergences.
Back testing this on a Weekly chart for XVG/BTC shows that within 10/11 bars
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