SUMMARY
VERGE (XVG) bounced off the support and IF the direction is a new impulse setup, then the below chart could provide a scenario. However, I'm leaning towards Bitcoin making a lower low and if so, XVG will follow. Still, if we get a higher high on XVG to lead to an impulse, it would be ideal.
Here is the scenario for following Bitcoin down to a potential lower low. EVEN if it does, once the bottom is put in, the price rise destination would be unchanged. I had indicated in prior posts that farming for cash could be helpful into this bounce.
Legal Disclaimer: 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.
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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Still hopeful with Verge.
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Looks like more correction coming for XVG
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It's one or the other... just a matter of waiting for confirmation before taking a position.
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Thank you @Haejin for taking the time to cover $XVG. People who are being negative in their comments clearly don't understand the statement "There is nothing absolute" All that @Haejin is posting about is an educated statistical analysis that is potentially CHANGABLE based on human behavior and financial variables. I hope that people who are attacking take this into account before they write a negative comment.
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Lets all just sit around the camp fire a sing kum-bi-ya rather than hand out any sort of criticism.
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:-) nice idea ... but I think good constructive criticism would be very well to (some people are paying much to get that kind of criticism) ... Of course with respect for each other and without the aim to hurt ...
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is that really how you look? Wow.
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I agree though, @haejin is great.
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This place is becoming a war zone!
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he has* more knowledge. Learn how to spell before you go roasting my boy @haejin
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quite possible that zamara is not a native english speaker, and he did spell have correctly, you just sound... pedantic.
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Spelling aside, Zamara's post is rude. Why not say, "for another opinion, check out @salahuddin2004's blog." I welcome dissent but don't be an a-hole about it.
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Also he is the same person he is recommending.... a complete fraud, go and look for yourself. There are like 3 aliases trying to promote same person.
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Hahaha... Oh what a world we live in...
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Please leave! You are annoying like your own poop. You are being disrespectful to everyone here who wants to learn and contribute. You should be ashamed of yourself.
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go get a life
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been waiting too long for this one to start taking off again... let's hope it breaks the resistance.
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Real mature on the poo emoji spam. You must have lots of time on your hands.
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Why do you include "Farming for Cash" in the title? I love your posts but this one confuses me. Is it possible to "Farm" Verge? If so, what does that mean? Is farming = staking/minting?
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I am also curious as too what this means.
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I've been holding onto Verge for about a month now. I expected it would gain better traction than it has. Although, I guess I did buy it with a HODL mentality, so I really shouldn't be surprised.
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HODL! Last November and December was a crazy incident. Long Term XVG is going to get up.
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Muchas gracias por compartir tus análisis
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Nice analysis Haejin! Check out @CryptoBroye for analysis of your favourite crypto's and https://steemit.com/cryptotrading/@cryptobroye/success-strategies-trading-crypto-s-equities-with-triangle-chart-patterns to see the complete strategy we use for entries and exits :)
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thanks @haejin i really respect your work!
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Thank You, I definitely will keep my eyes on XVG.
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Your maturity level is astounding. Please go bother someone else.
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Thank you for the update on Verge.
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Shows you how rotten to the core this place is right now ...ha
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I agree @shawnster... this place is pretty pathetic right now.
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not to be a dick or anything but check the bottom of the images on the posts. There is a time scale there which most people ignore infavor for hype.
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If you had any kind of knowledge when it comes to Haejin's TAs is that there is absolutely no timeline. It can all happen in an hour, a week, a month etc.
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means having cash to buy alts and BTC that will likely hit rock bottom within 48 hr
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you can trade against USDT, which is basically the same. But if you want to bring in new cash, you obviously have to buy one of the main coins first.
At the moment they are phasic again. It is not that they stay phasic or non-phasic for days or weeks.
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I concentrate more on cryptos than stocks nowadays.
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