VERGE (XVG) Shorter Term Update: $0.48!!

in bitcoin •  7 years ago 

SUMMARY

Here is a short term analysis of VERGE (XVG). The correction took the shape of a downward pointing bull flag which is counted as a,b,c,d,e. As the e wave is sitting on the bottom of the channel line, price propensity is to rise an it sure did! I'm targeting $0.48 or HIGHER as shown by the Elliott Waves.

The XVG/BTC pair is screaming up! TWO factors caused this. First is BTC's correction which naturally raises any /BTC pair and second, demand outstripping the pace of Bitcoin's rise itself. This iS VERY BULLISH! Short term target is 1,740 Satoshi or HIGHER!!

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**

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very nice! I unfortunately sold a lot of verge (well, a lot for me :P)... before the recent huge break-out, as I needed to move my limited funds around. But I still have a tiny bag of a couple thou... HODLing for the long term!

Can you do posts about HTML? They are about to move, coin-swap to new blockchain is underway .. a once dead coin (51% attack) taken over by new team and launched new blockchain, ETH/BTC codebases operating on single blockchain with QTUM features, 51% attack resistance, PoS/PoW hybrid, smart contracts/VM... amazing roadmap for the next few years, just moved from 2 to 3 satoshis

Can ypu please up date LTC when time permits?

Tell us your thoughts on BRD! Bread (the makers of bread wallet) were just added to binance!

I bought, thanks!

Haejin has kept me so busy with all of this amazing info I'm getting nothing else done! I'm up half the night moving my little bag of coins around, ignoring all these Christmas presents that need to be wrapped and just told my family I might be a little late arriving tomorrow cause I need to check out Haejin's latest analysis. Haejin, thank you, thank you, thank you...... you have just made my Holidays!

excellent ;-) have a good christmas !

I wish I took this alert at half a cent thanks

That's funny.

Hahahah nice one!

Do a tutorial on how to make this stuff!!! Nice :D

there are tutorials right at the top of here ;-)

this is great!

Thank you so much @Haejin for these Verge updates. I bought 100,000 the first time you recommended it. Needless to say, I have now made massive profits thanks to you. I trully wish you and your family luck, health, and happiness for the longest period of time possible.

You are amazing, one of a kind. THANK YOU!

Same for me. 5 months ago, Haejin made me bought a good amount @100 satoshi, forgot them, and didn't even realized it became such a big part of my portfolio since now.

Could you please do an update on EOS?

EOS

EOS is going through a longer correction. But I can see it explode past its ATH, especially with pending news coming.

Hi @haejin - have the jaws of WEALTH changed to the jaws of DEATH?

The latest correction has been called extremely fast, especially compared to the correction about 3 months ago (1-2 weeks before everything turned green again)

Im interested to hear what you think of it!

whats your forecast?

Very similiar to @haejin's most recent post on XVG.

With wave counts

you were right

yes! Unfortunately didnt follow my own advice and missed the chance to sell and reinvest for more coins. I would really like to see where @haejin thinks we will go from here...

cool

Bought some verge because of this post :D

I bought! Thanks!!

Wow shows you how some branding can make a dark doge coin moon...

It's all about the technology! But yeah I don't think we would have seen this growth if it was still called dogecoin dark

@jmazo This points to the beauty of opensource software... Dogecoin I was there at the beginning and mined it on my macbook pro as I did not have any money to buy bitcoin at the time... man wish I would have it was hella cheap in 2011... well my point is that dogecoin was meant to have some fun with crypto and that fun gave someone the idea to take that open project and fork it off and make a new coin and add the things they valued to the system and dogecoin dark was born.... them taking the idea of privacy as a key they applied a cool catch name VERGE like on the verge of being great... so same basic tech new idea few little changes and you go from a MEME to MOON...

This is awesome I’m holding a decent amount of verge.

I missed this opportunity. I’m waiting for a dip but it looks like it may not come.. dang. I hate jumping in after huge gains in recent days... oh well. Ill wait. Can’t catch them all i guess

Try Bitshares, still massive gains to be made!

Yes. I agree. BitShares will go up a lot soon

Don't chase the dragon.

Can you explain that saying? I like it but I’m not what it means exactly

It means don't invest in things that have already exploded - you already said this but I was just agreeing and using a quote I like to sum it up :)

Search look for and Buy the laggards.. Not trading advice.

What are the “laggards”?

He/she meant ladders

I got some bts.. haejin just recommended Ox .. look at the chart and pick a timeframe.

Fah lah lah lah, we Love you VERGE!

PS... and WE Love you too @haejin!

thanks, great post

Great!

All aboard the heijin steem rocket to the moon

wow... i love verge... i had been collecting some since a while... dont have much but 5000 is still something...

Bit off topic please indulge me...
Anyone can make calls of up or down but it takes a very special person to teach and give us the tools to do this for ourselves! And for free! Your contributions are priceless! Best to you and yours!
Merry Christmas
Happy Holidays and Wishing you Massive Profits in 2018!

Thanks a lot Haejin for show us the huge potential of Verge when it was only around 0.01...
As long as BTC is strongly bullish this coins should continue to rise, and if Verge exceed 1USD most likely it will change life of many people ! (at least for those who did not sell).
Good luck to everybody !

informasi yang menarik, jika target nya benar, bagi saya senang sekali. terima kasih telah berbagi informasi, semoga kita bertemu di postingan berikutnya. dan saya harap anda menyukai salah satu postingan saya. selamat malam🌃
@haejin

Verge closing like tornado to 2000 satoshi oooooo

huge 2 million buywall ahead. hope we can breach it!

Every Cryto currency taking part in rally , Few took rise early and left one talking participate in these rally time to time. We need to find it out . Your views are very helpful for to find new breakouts. Your work is really appreciable.

Thank you.

Finally, I can sleep with this sure bet TA! #sighs

  ·  7 years ago (edited)

I feel like XDN (DigitalNote) is on a similar pathway as it is another anonymous high speed token as well and has broken through the $0.01 barrier. Continues to rise. A TA of XDN would be highly appreciated!

There are so fucking many, I just bought a tonne of smartcash which is the very definition of a punt. Good article though, I'm learning a lot about signals. You get a bad wrap

It’s hit the short term target but still going vertical wow

Exactly. Lol.. Confusing but I am not complaining. What is the plan for a newbie in this case? @jchiucryptojedi

it just keeps, going, up

Verge +3000% profit!!! HODL????!!! Lmao tes, HODL!! haha

Am I correct in believing that correction will drop low as wave 4?

Yes kaif..usually wave 4's end at the prior wave 4 of one lesser degree...haejin eludes to this in his training video links listed above...you may want to get the Elliott Wave Principle book as well if it really interests you...cheers friend

thanks mate will look into it

  ·  7 years ago (edited)

So it could possibly correct down to like $0.14-$0.17 after the run up to $0.48?

can you tell me about dogecoin?

Don't put your money in Dogecoin. That coin is a joke. It's going to fall as soon as people realize it is a shity coin :D

thankssss appreciate it, i have a question what are your thoughts on STEEM coin or steam dollar

Vote my pleass

Thank you Haejin. You are the best

So the 5 cent verge is now a dream?
Any ideas of the next buy opp?
Haejin we would love more detailed price points like you used to include..

now

@haejin considering the fact that verge has outperformed your initial projections has the end target of $5.50 been adjusted at all? There are people like John McAfee saying verge could hit $15.... This is blowing my mind

Thank you! I thought I had missed out on the XVG rise. Just put in my first ladder! I've been trading based on @haejin's recommendations, this is my first full ladder (I've done a couple entry points, but generally really close to each other). Picked some up already, and if it dips further, I'll be happier!

That's just mind-blowing. Thank you so much @haejin!

Plus, if I don't end up buying all the ladders? That's great! More dry powder for the next identified opportunity.

Thank you for all of the amazing information you provide. It has been very helpful.

Thanks für the Update... Any long Term prediction for VERGE ?

he already did $5.5

I can't understand why XVG is rising so high. But I'm not sad about.

@haejin, digibyte please :)

Please advise on another penny coin! 💕thanks

You are best bro we love you

Just bought some ;)

First Again - verge be blessed

  ·  7 years ago (edited)

right now XVG is at .000020 top - so we can excpect how much retracement to 0.5 fib to previous top .000010 ???

anyone any idea ???

Why do you want to know ? I am keeping this coin and take some few profit time to time, that's it.
Trying to trade such a strong up trend is a wast of time, just buy and hold and take few profits time to time to cover your investment.

I love this coin. I'm just upset I sold most of my stake at 913 sat 😭

Verge is on fire!

Thanks so much Haejin. I bought verge at .06 cents when you first posted about it. Im so glad I did, Ive already made huge GAINS! I can't wait for it to go up up and away. Thanks so much for compassionately sharing all your knowledge. I would have never known about Verge until you posted about it. I also researched it before I bought it, and like the coin, so that helps too!

nice how much verge do you have?

I like your post,your post is very good, how can you get an idea like this?

Excellent post. I appreciate you sharing your technical analysis.

@haejin Verge $XVG update? Anything changed?

Can you make an analysis on BAY? Or VIB? SYS? Will they dip? Buy target and sell target?

Can you please do a litecoin update

I bought a $ 100 VERGE. What will be the value of 2018? :D

Correct to think this is the end of a 5 wave? From here we should expect a serious pull back no? Please update.

around to wave 4 I believe. Regardless, I would hold

thank you haejin i am big fan of your work!. I use to make blogs but not anymore but i did make blogs about verge six months i only did make like 0.03 i dont used steemit not that much when i do make my profit i will send you some bitcoin to support your work.

I was holding decent amount verge and sold it for ada a while ago.

Learned lesson: do not sell one "promising" crypto for another "promising" crypto.

Of course, ada gave me good profit too but it's nowhere near what verge would have given me today.

Can anyone recommend anything other than COINBASE for buying BTC? I sent some BTC to Bittrex from Coinbase and they charged me 20%! Seems a bit high. What is everyone else using?

  ·  7 years ago (edited)

I guess you sent a small amount of BTC, 20% is probably the transaction fees you payed to send the coins. The transaction fees are really hight for BTC now I think it is around 15 to 30 USD or so. Better to send LTC or ETH for small amount of money and then convert back to BTC. In any case these fees are not related to COINBASE.
PS: Avoid bittrex by the way, if your account is not verified you will not able to withdraw your coins. Verifying an account takes ages (for me still waiting since 2 weeks)

Log in to GDAX with your coinbase credentials. Transfer your coinbase wallets over to gdax, then from GDAX to whererever you want to go as GDAX sends coins for free. Also, make your future purchases on GDAX because you can get 0.00 transaction fees if you are patient and make use of the Maker vs. Taker fee structure there.

I am hopping to hit $1 before the end of the year!

that is asking for too much I think. That will be insane increase in less than a month.

thanks for the post @haejin you are the man!

Been holding, holding & holding on this one! :)
Happy profits to all!
Thanks to Haejin for the time he puts in to pass on his TA Jedi wisdom!

The privacy coins xvg, pivx and dgb are doing very well tonight. Up 10% while the rest of the alts are down.

Hi Haejin. Thanks for keeping us updated on the markets. Your a real help to new investors (such as myself). Your analysis and guidance is much appreciated. Thank you.

I was just thinking, "Come on Haejin, post about Verge." Then, I saw this.

Where ya at Verge peeps! What are you plans? Selling out some % of your Verge coins now locking in a profit (and wait for the dip to buy more) or HODL? I sold 1/3 @ 0.26 and bought at 0.12. Also when you sell do you sell to USDT or to btc? Feeling unsure as I'm new to all this.

just remember this is all happening in a matter of days. You don't have to do anything, just hold on to the coins. You will likely make more just holding a good coin than trying to buy dips and possibly missing out entirely trying to take a small profit. Not saying it doesnt work but with a coin like verge just look around at all the stories of people missing out while chasing profits and how sad they are.

From the very first order it is almost 3000%. What i can say, verge to the moon!

Are we still on track? I bought recently and the sudden free-fall worries me. I know it's correlated to bitcoin but still it's a bit scary.

This is a long term investment. I believe we still are on track. Just have faith regardless of the corrections in place

  ·  7 years ago (edited)

I break even only at the current price, maybe I should sell and come back later?
I did buy at 1450 satochi initially and laddered until 1900 but I made a panic sell and rebought so I break even at 1700. My first big trade was bitcoin cash on november (I got out in time) so since then I'm traumatised about an alt crashing completely.

Hello my name is @imadha, I am new to this channel, I invite you to follow me in this community and generate a good friendship, see you soon

We love Haejin Lee, analyst and man! I earn a lot of wealth with his kind free posts and i am forever grateful. Please UPVOTE HAEJIN!

does anybody know where i can buy some without using BTC?

I don't understand why people are pushing this coin. Have you read the white paper or seen it's foundations? Where is the value in this coin's technology and why do they have a dog on their board?

upvote-litasio.jpg

If you looking to get more visibility at steemit, please give a try for our upvote service @litasio.

Best wishes, @litasio

5 days later are you still holding? Should I sell at 0.17 or wait for wraith protocol to potentially drop Sunday? What are peoples general thoughts on this token right now?

@haejin
Can you chart stratis?