An Open Letter to VergeOkay, first, I accidentally deleted the original post and didn't copy the description, so this is the second time writing this.
Second, follow me on twitter cause I kill it with the short-term updates on $BTC and other coins (@CryptoEball).
Okay, now that the self promo is over...
Dear Verge,
Verge. Oh Verge. Oh how I love you. Your marketing techniques are quite funny. But your actual fundamentals and price action a few months ago made me fall in love. And I've had this special place in my heart for you. Things haven't been looking all that great recently. And they may not look all that great in the near future. But that's okay. You have one of the most bullish volume patterns in Crypto. It's high when you go up, and its low when you go down heheh.
All I see is a coin that wants to go up, but Bitcoin is schizophrenic. Its just dragging you down with it. The market may not go well this year, and that's okay. What are several more months? Even though each day feels like an eternity... But because of that I have to be patient with you. I can't rush it. I have to wait until you can make this decision. Right now it looks like you're forming a triangle. And I have to see which way you break. It's okay if you take your time, I'm not in a rush. I'm not writing this out of fear, but love.
If the market does what I think its going to do, and I see you in the distance, sitting still with low red volume. I'm going to accumulate the hell out of you. The living hell out of you. Because you're going to MOON. no. MARS. You're going to MARS. But I have to wait until I see you mature. Until I see you heal into the coin that I believe you can become. I can't help you with that. You have to do it on your own. *Sad face*
In the short-term, sitting under the cloud with bearish divergence on Williams %R and OBV aren't good looks. You have support under you. But what's above you makes me worried. But when the time comes, and you're looking good. I'm coming for you and never letting go.
Sincerely,
Your lover.
No, but seriously guys, short-term looks bearish for Verge. Depending on what the market does, Verge will follow, If BTC doesn't do well, then expect it to fall from this triangle. If BTC does well, the it may break out above. It has quite a bit of support under it, but we'll have to wait and see what it does. There is not rush by now. Don't FOMO into buys. Just wait and see how it plays out. If we're talking long-term I'm still hopeful that Verge will be an amazing buy. But we'll have an answer within the upcoming months. This is a different post than what I usually make. It's more so just a long-term investor type outlook.
XVGUSD trade ideas
VERGE Update: *Prep the Bull Run*Wave 2 has been completed, wave 3 should take us $0.22 USD by May 25th
XVG - 4hr Timeframe - Update on Short OpportunitiesFollowing our daily timeframe overview (), we believe that on the 4hr timeframe BITTREX:XVGUSD is gaining momentum for a drop. After a first impulse to the downside, in fact, which for us has marked the end of the bigger ABC correction which came into the shape of an irregular - running flat type pattern, the cryptocurrency is at the moment slowly correcting to the upside, in the form of a smaller degree expanding flat, crawling and gaining momentum for a new impulsive move to the downside. Can it crawl further? Certainly: it can correct much more towards the "C" area of the major degree correction (in yellow), nonetheless it will still be a correction confirming the next impulse to the downside, which is why from this moment onwards we will only be looking for sell setups, on this cryptocurrency: watch out for breaks of the minor trends for short positions, with a stop loss above the smaller degree correction itself. Updates will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
XVGUSD wave 3 of 3 to begin?seeing a larger degree wave 3 to begin.
higher highs, very bullish on XVGUSD and XVGBTC
if this timetable is valid and begins to move in this direction with the price of BTC at a relatively 'stable' price of ~10k we can extrapolate a Satoshi value of ~1250 satoshi as the next target before a pull back and subsequent LEAP to higher highs (relative) and then ultimately new all time highs.
what is everyone else seeing?
comment Bull or Bear - trying to determine that im not looking at this with bias bullish goggles on
kinda like beer goggles :) but for crypto
XVG/USDThe long term remains unchanged. The contours of the price bars are still shaping out to be a rounded formation. IF this is correct and price adheres to the pattern, then blue wave 2 should complete next week so that blue wave 3 can commenced. The MACD is also suggesting that a large upsurge is coming given how its coiled and ready to burst.
Verge Hidden Bullish DivergenceHIdden bullish Divergence, as well as left shoulder of inverse head and shoulders has almost been completed, a cup and handle has also formed on the left shoulder
Trading Scenario XVG-USD (31 December 2017 - 4 May 2018)Note. This is not a real trade, this is just a trading scenario to show you, what would be the result of my Crypto Trading System, trading XVG-USD from 31 December 2017 to 4 May 2018, on the Daily Chart.
In this trading scenario, on 31 December 2017 we've got a Buy (Entry) signal from my Trading System and we opened the transaction with only 10% of our investment capital. Entry price $0.22
After that, Verge crashed about 92% !!! But, my Trading System is also designed to survive heavy crashes, so no panic!
For trading on the Daily Chart, we can use up to 7 times DCA-Buy (Dollar Cost Average). The lower the price, the more we will DCA-Buy.
On 4 January 2018 we've got the first DCA-Buy signal from my Trading System. DCA-Buy-1 price $0.16
On 18 January 2018 we've got the second DCA-Buy signal. DCA-Buy-2 price $0.11
On 7 February 2018 we've got the third DCA-Buy signal. DCA-Buy-3 price $0.05
On 19 March 2018 we've got the fourth DCA-Buy signal. DCA-Buy-4 price $0.03
After 4 DCA-Buy's, our Average Price is dropped from $0.22 to $0.07
On 4 May 2018 we've got the Sell (Close) signal from the Trading System and we closed the transaction with profit. Closing price $0.08
PROFIT: 22.46%
About my Crypto Trading System. My Trading System is only suitable for patient traders, who wants to realize profits for the long term and to let the invested capital grow considerably and solidly. So if necessary, sometimes we need to wait days, weeks, months or even years to open/close a successful profitable transaction. The trading is on the daily chart of trading pair BTC/USD. On the weekly chart of trading pair ETH/USD. And on the monthly chart of trading pair LTC/USD. With patience waiting for the best Buy/Sell signals. My goal, making a nice profit percentage at the end of each year, for a solid long term growth of the invested capital.
I wish all of you, the best trades, and very green profits!
Peace and Love
Global Crypto Trader
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DISCLAIMER
I'm not a certified financial planner/advisor nor a certified financial analyst nor an economist. I'm not a finance professional through formal education. Trading is just one of my hobbies! The trading signal of my Crypto Trading System is not a financial advice, there is no guarantee that you will make profit from my Trading Signals. Crypto trading is very risky, so don’t trade with money you can’t afford to lose.
XVGUSD bullish movements 4HR
After xvg makes a fake breakout we break through the daily resistance at 0.73$
you can see how accurate the wick touches the 0.78$ zone there the buyers coming in
and push the markets higher
We can possible hit the weekly resistance at 0.91$ thats by the way the 23.6% Fibonacci level (based on the Daily)
XVG USD bullishThe XVG system is increasingly adopted as a payment system and the news of today about the partnership with TrafficJunky confirm the good long term potential.
Verge to complete a massive inverse h&s?Would it be wrong to think XVG will complete this pattern?
I mean, aside from the anomaly of the buy the rumor sell the news peak and drop of the pornhub collaboration, it looks like a perfect setup for the completion of this pattern.
To me at least.
Also as i write this, it's volume is amongst the top on bittrex.
I'm not an trader I just question a lot
VERGE XVG - Whats next ?Resistance isnt that strong atm. I expect it to rise much more before the big correction. HODL your verge! :)
Head and ShoulderWe have a formation inverse Head and Shoulder in Weekly.
So, juste wait the break up to take long and aim 0.16$
Verge to $1.00 USD by July 15thWaves 1 and 2 have been completed. We have started wave 3, which will be explosive. The waves have been calculated using Fibonacci ratios. Waves 1 3 and 5 all have 5 impulse structures within.
Verge on the Up Through May
On the 4-hour, XVG is shaping up for a long-term cup & handle play. Of course, anything can happen, but all signs are pointing to a long position for Verge through approximately May 20th. Open shorts once price hits resistance at around $0.29 USD.
Thanks guys and happy trading.
-MV
www.tradingview.com
