Just two days ago, I posted the below analysis of VERGE when it was around $0.00244
https://steemit.com/bitcoin/@haejin/verg-xvg-analysis-take-a-look-at-this-extended-5th-wave
Today, VERGE climbed that i,ii,iii,iv,v waves very nicely and price has hit $0.00628 giving a very handsome 127% profit. Clearly the five waves are in and that means a three wave correction is next. When will this correction start?
This short term chart shows the correction has already started and abc retrace will come close to the price area of prior wave iv.
NOTE: The caveat to any bullish posts is that BTC topping needs to be watched closely!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
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.
Wow....wish I paid more attention to your earlier post....157% in two days is totally impressive! Is it too late to get in @haejin?
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I hope not :( I'm in above the current price
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Hi Haejin - where does the retracement go to the start of wave IV? I thought the correction is 0.5 of the last wave?
Thanks,
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