SUMMARY
As requested, here is VERGE (XVG) which has breached out of the symmetrical triangle after carving out wxyxz waves (blue). The final abc for the z wave is quite complete as well. The key question is whether higher highs are likely.
What in previous update had been a symmetrical triangle has likely merged into a bullish ascending right triangle. As Bitcoin is climbing higher and likely so overnight continued; Verge should reach for higher highs. As it's an altcoin with not as much liquidity maturity; it's likely a bit delayed compared to Bitcoin's earlier and quicker reversal. The microwaves shown the likely projected pathway. These first impulse set of waves will be subwaves of a higher degree wave 1 and after a minor correction, then wave 3 will initiate the second round of subwave impulse (not labeled yet).
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.
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Tutorial on the use of Fibonacci & Elliott Waves
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I can see that bitcoin is regaining some of its lost dominance.
I'm wondering how long this will last and if there will be a shift back to the time when BTC was going up and TOKENS down or it will still be synchronized.
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My crystal ball tells me a BTC Dominance below 30% soon.
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OMG SAME THING FOR OMISEGO,,,,,,,PUN INTENDED.
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Yes, much of sentiment is common as many holders hold the same coins.
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True. Can you please update us on ETH and LTC?
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verge to moon soon.. thanks
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It might or might not. Point is that even a broken clock is right twice a day. Be critical.
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well at least it will double easy.
Now it's 0.06 and it was 0.27 ;D I bought a lot at 0,06 (575 yesterday)
I hope Nexus to reach its old heights too. Now it's soo buy friendly
Thanks for your point of view @haejin
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Im with you on that! what goes up must come down and vice versa :D
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I sincerely hope so!!! I've held since 50 sitosho all the way to the highs and down again without selling. I just wish the dev team reached out more and took targets seriously. Thanks for the analysis @haejin
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why vote me down @wise-confucius? If you disagree with what I have said use words to tell me so
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You are stronger than I! I sold twice on the way up.
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@grocket stronger I may be, but greyer hair I now have!!
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@dan21050 haha I know what it is' I bought some more while it was 1600 satoshi on new year's eve pump ;D Still holding those.
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@cocacho I can remember New years eve being slightly (very) drunk telling my best mate I'd buy him a car if xvg took off into orbit lol!! That being said I bought him a pint a week later and explained I may have been getting a bit carried away.
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haha yeah crypto is such a fun ..my rocket is amortizing outside waiting for xvg to moon ;D Anyway they got a cool crew and those DIPs brought some new emotions for me. It's like a new type of poker.
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Hodling verge about 4 months, Upvote and Follow if you are a hodler too!
VERGE TO THE MOOOON.....
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$4.45 for 152 votes? What the heck is wrong with this?
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It's corrected a bit now I think. But he has a small number that consistently flag his posts bringing his payouts down.
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soon verge will make us millionaires!
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very interesting this analysis, and I really have a lot of confidence in this currency, in my opinion this verge coin in a matter of about three months to target on the 0.00002000 satoshi and more ,,, is a good project and more with your good post helps a lot, thank you for such a good presentation, and go to my blog to get a little relief, or rather, smile a little,
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Waiting for good news for XVG, thanks for the screening.
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Thanks, good to know that verge is starting to move up in THIS the world
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To the moon! Hopefully. lol
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best not book our tickets just yet huh? :)
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I voted in a very nice. cryptocurrency blockchain post post and commented and followed you and shared the post so that everyone can see this post and vote in this post.Hello friends have been there for the last few days join steemit family.steemit is a great platframfor us.ihope everyone support mefor success.....@steemitraj
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Coins mentioned in post:
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Good post brother
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Lot of inverse head and shoulders everywhere guys....looks scrumptious...lol
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오늘 딱 0.08달러 도달했네요. 감사합니다.
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May I ask if you would please compare this old projection of yours to Verge’s current outlook? Thanks
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Thanks for update.
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thx master
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Nice information @haejin thanks..
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Now xvg is 616 satoshi and 6.2 cents. BTC price is 10,248
if BTC price moves up to 13,800, XVG at same 616 satoshi will be 8.5 cents.
The important thing is the relative movement of the altcoin to bitcoin, i.e xvg/btc pair analysis.
Thanks anyway.
I learned EW from your tutorials. I am not convinced yet though, but trying to apply and follow up to see how correctly these waves can represent futuristic price meovement.
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hmm... "The important thing is the relative movement of the altcoin to bitcoin, i.e xvg/btc pair analysis." Consider this other perspective: If you were to get your salary paid in btc and you paid for all your goods and services in btc (and those had a stable price), or if you are never going to sell your btc because you feel that in the future it will happen, then I guess you might think that btc pair is more important than fiat pair.
I have been using btc pair for analysis for months but I now understand (thanks to the recent BTC correction) that this is not the right way to look at it and only makes my gain and loss 100% dependent on the BTC highs and lows.
If one analyses a trade against fiat then their gain and losses are effective.
One still uses btc to buy and sell but if you decide to not hold more than a given % of your portfolio in btc and keep another % of cash on the exchange to enter new trades when opportunity arises, then you are surely taking less risk. This is at least the way I am looking at it now and I am still to implement it when I will be ready to see the coins I am holding...
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I understand your point of view, and how is that helpfull for short term traders aiming at fiat profits.
But it is not consistent with the slogan [ Opt out of fiat & Opt into cryptos ] .
Anyway thanks a lot for the information you give in your blog.
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Up is up. Happy new year all
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I have a very good suggestion for this platform
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can we see an update on DCN / USD please?
and DGB?
@haejin
DCN seems to be eating more time, a Cup likely? or just late bloomer?
Thank you sir
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always Thank you^^
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very nice post...thanks for updayted crypto... upvt @reestm done
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and 100% certain he is not a person but an organization....you can see that it is impossible for a single person to be cranking out so many different analysis posts everyday
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Impossible? LOL
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lo felicito man por mantenernos al dia con el mercado electronico de las monedas
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