Verge long trade perspective.BITTREX:XVGBTC
It has been a while since my last post, now with BTC apparently in a bullish trend is time to plan for long positions in alts.
Verge is still at a very attractive price and one possible long perspective is depicted into above chart using Elliott waves. When taking long position I use daily time frame when possible because it give me the best preservative for a long position. We are still enfolding the first wave, The RSI sits at around 40 points which supports long trades, giving a lot of room for investors to buy into. DMI is also supporting longs, we don't see yet great volume coming but as we know first wave is about accumulation and building up for long trades.
Be aware that second wave could claim as much as the entire gain of the first wave so if you consider taking a long position now be prepare to hold it at the correction.
My first target in a normal situation without much hype around it is at around 2400 satoshi, giving some good news I can expect hitting higher targets like 3000 or even 3700 satoshi. Everything is possible in this markets and we need to be prepared for what market is throwing at us. As in any other long position I'm planning to hold my position and lock-in some profit when hitting the third wave. If the second wave claims back 75% or more of the first wave I will add more to my long position. It should be noted that you could potentially sell on a third wave and buy back on forth wave, which usually I don't do. What instead I do if good news come around I buy smaller position during the forth wave and sell during the fifth wave but that is more of a short term trade rather than long, taking advantage of the market condition at that time.
I will keep updating while the market is enfolding the price.
This is not financial advice just my own opinion and you should do your own research before investing into this asset.
XVGBTC trade ideas
XVG Could have some fractal actionThis whole correction may just be the A wave down, and we are about to see a 3 wave up to "B" and then see a final wave c. But that is big picture.
in the immediate future price should start moving up, looks like we started a set of impulse waves up.
Lets see what btc can do.
Verge in an Eliott wave symmetrical/contracting triangle. looks like we are forming a symmetrical/contracting triangle. If we break this pattern, our fist target is wave 1 (yellow 1) of wave 3, which happens to land on the fib 0.618 which is 0.00000890 satoshis. whether we complete the symmetrical triangle or not, the first target is still the same, .618 fib! lets do it!
XVG/BTC ALERT, Notification, Read, View, Click Here!Hello My Dear Supporters!
XVG is in an Uptrend with the 50 EMA (RED Line) above the 200EMA (GREEN line). Price has rallied up sharply towards the end of 2018 and has since been in a downwards Channel. We have recently seen a break out from the channel, confirming a probably return to the next leg up. Todays Bar (Orange ARROW under it) has come back and tested the 50 EMA (Red Line) and is already looking to bounce long. If the bar closes above 0.00000766 it can be considered a bullish bar and we can use it as a buying signal.
The aggressive entry is to buy the close of the bar with SL below it. Aggressive entries are high risk.
The conservative entry requires this bar to close above 0.00000766.
Conservative Entry 0.00000817 or above
Stop Loss 0.00000719
Targets are just before the yellow lines
0.00000966 Target 1
0.0000133 Target 2
To make Dollars your decisions need to make Sense. There has been a volume spike on buying this coin recently. If the buys come back they may come back hard and provide some quick profits. If we don’t see volume up on Monday we need to get out.
Quote of the day
I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful
Verge (XVG) - Bullish - 200%+ Profit - Cup FormationHello Guys,
I am Bullish on Verge (XVG) coin. Beautiful Cup formation started.
The reason for the Bullish confirmation is, it is having short term uptrend in the 45 mins chart and in 1 day chart shows as step formation which will result in Cup formation. This consolidation zone acts as trend reversal after 70% pull back.
Buying Zone: 0.00000637 - 0.00000680
Target 1 : 0.000001010
Target 2 : 0.000001338
Target 3 : 0.000001556
Target 4 : 0.000001890
Stop Loss: 0.00000590
Q1 is approaching. Don't worry. We are moving up.
Note: Don't forget to put stop loss.
Thanks!
XVGBTC - a little bit more volume, pleaseLast month activity looks like accumulation and maybe the right time is coming. Just to be ready, let's set up simple trade.
Entry at 855, initial stop loss at 700, target 1 1k2, target 2 1k5.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
XVGBTC Fib levelsIf XVG can successfully stay above the .236 we'll see BTC beginning a new uptrend channel with new price targets.
Target 1 - 1067
Target 2 - 1241
Please do consider this a high risk trade as BTC is currently trading at a very uncertain level and in my opinion is still due for correction.
Break-out: XVG needed a "big green Heikin Ashi candle" & got it!Disclosure: this is a repost of my Feb 12 Tradingview idea . Unfortunately, it was taken down by admin because it contained some external links. Until today, I always included links to i) my website, ii) interesting other sources. Unfortunately, my ideas that contained links have now been hidden (it's against policy). Given that I found the post crucial to trade XVG, I am reposting it, albeit the break-out has now occurred.
This was the post: "XVG needs a big green Heikin Ashi candle to break out!"
"Lots of indecisiveness in the Verge graph. In this post, we are diving into the matter with Heikin Ashi candles, which are very practical for identifying trend reversals.
We indeed see several Doji candles (1 & 2) and some spinning tops (similar to Doji candles but with some difference in open and closing prices, whereas for Dojis, this if virtually the same (i.e. Open and close are more or less equal).
Normally, Doji candles or spinning tops are very useful in Heikin Ashi candle analysis to identify a trend reversal. You can see examples in 3 and 4.
Now, if we look at where we are today (on Feb 12, red.), we see a lot of indecisive candles, ànd we are nearing the end of the triangle formation (two white lines drawn). As you might remember from previous posts, triangles typically go hand in hand with break-outs . We need a big green candle here to confirm an upward trend reversal. We are not seeing that yet, so best to stay on the sidelines.
We àlso see a golden cross forming in the MACD daily, which is generally extremely bullish , so that speaks in favour of more upward momentum coming soon.
Conclusion:
--> Keep a close eye on the new Heikin Ashi candles forming as these will tell us a great deal of what will come next. It might even be a large uptake!"
Update Feb 16-17: The break-out has occurred ! Too bad some of you probably couldn't see this previous post anymore and make the trade. BUT: you see we have broken the Fibonacci resistance level at 779 sat, which we will likely retest before going up to our next target: 1008sat! So still some nice profit potential ;-)
And remember: look out for those infamous Heikin Ashi doji candles (see above) as they will tell us when we can expect a trend reversal (down). In the meanwhile: Verge looking good. Attention points: we don't want to see Verge falling through its new found support at the Fibonacci retracement of 779 sat; we can expect further upward movement now and aim to reach the 1008 sat.
So the green Heikin Ashis are looking good. If you see a "doji" or "spinning top" (see above) appearing on the 4h Heikin Ashi chart, beware!
XVG/BTC noah's arkVerge seems to be ending the sideways movement for a very long time. Here is an alternative path that is supported by the volume.
I really think that Verge is one of very few coins that has the tech., real world usage, great community and a team that is dedicated to achieving all their goals.
Good Luck,
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG -1.03% -4.91% 1.34% 1.34% -4.72% 2.25%
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
XVG ANALYSIS FEBRUARY 11 , 2018After the big rallies, prices began to move downwards and higher, forming peaks lower than the previous peaks until prices reached 0.00000744 BTC and prices continued to fall into a strong support area that has been tested several times before and this is good and has not yet penetrated and that area is between 0.00000600 BTC to 0.00000740 BTC
I find a bullish trend line that we expect prices to respect this trend to start the upside move again
VERGE - BULL Run Incomming?! (XVG)I've been staying away from alt coins for the main reason that everything has been on a downtrend. Now, it may be too soon to start getting in alts, but I held my lisk & rebought OMG on the break out, both were good trades. I feel like I can start making posts about alts again. I don't think the correction for BTC is over yet, bare that in mind, we could see verge go down in USD dollar, BUT BTC is very close to a level where we might start seeing up and only up. Only time will tell. Now lets talk about verge. I got in at 740 satoshi when It retested it's resistance line about an hour ago. I am waiting for a pull another back before buying more, or a break above the .236. fib. Verge broke it's red downtrend line, and is now trading above the 20 SMA. It is trading over it's bollinger bands. I expect a pullback sometime soon. The MACD looks good. I like to think of markets in 4 stages. I believe we are transitioning from stage 1 to stage 2. Remember, BTC is not out of it's bear trend yet, investing in alts is risky. Keep a close eye on them.
XVG Falling WedgeXVGBTC is in a falling wedge on a 4H chart. If there are not any more bad news for crypto, some gains can be made once there is a breakout. The last candle closed outside of the first falling wedge (marked with dashed lines). If the current candle also closes outside of the wedge, I believe that would be a breakout confirmation for this first falling wedge. It is crucial for this trade that the current candle closes above the dashed line falling wedge. For a longer-term trade, there's a second falling wedge (will be visible in a zoomed out view). However, I am doing a short-term trade aiming for 10% gain at this moment. MACD crossover supports upward movement. Would be nice if the downward trendline on the RSI is also broken.
My entry was at 678 satoshis and exit is at 748 satoshis. I did not set a stop-loss yet.
Criticism welcomed!
XVG BULLish like HELL :)Just remembering an OLD Pyramid :P
Market after a greater consolidation, getting bull momentum again. I am not sure about Bitcoin moves but looking like its not going to gain thats bull momentum again. At the same time Verge just broken a strong bearish trendline .. Hoping for a good uptrend soon :)
#BAYOR
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