RE: VERGE (XVG): Baby, Mommy & PaPa Fractals!!!

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VERGE (XVG): Baby, Mommy & PaPa Fractals!!!

in bitcoin •  7 years ago 

@Haejin, how can that be a healthy correction with Verge? It was fake news that pulled Verge down. In my opinion that messed up a 5 wave in it's triangle and pulled it down to 1000 Satoshi.
From that point it started a new wave that is forming point D by now. It has to go down to get at E to begin with it's new allt time highs.
Readers beware: It's a question to Haejin, not an advice!
Verge XVG.jpg

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at least it wont matter that much if you buy in at C or E :)

Fake news didn't cause the drop. It may have triggered a drop that was supposed to happen anyways.

also, possibly, it still did its job, cleansed the weak hands.

It did, but the markets always find a way to do that anyways.

What do you think of litecoin?

Hey, Haejin Lee...do you also post when its time to sell a coin? I liked your analyses and I bought Verge, but I dont know how long should I hold it. Congrats for your analysis.