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Verge / Bitcoin

XVG/BTC huge breakout is near

By jordikastermans
Updated
looking at the 2 elliot waves, 1 from the range of about 2 weeks and the other from a range of about 2 days, both waves show a breakout is near
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i was a little bit of with the top line of the smaller elliot waves it seems. In my opinion the smaller waves already reached point D. So it looks like it will make a big bounce in a couple of hours.
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seems like i misjudged one of the waves from the smaller triangle, rookie mistake. But it looks like it's breaking out at the moment
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according to the elliot waves, XVG will now see a steady rise to about 1500 sats, where it most likely will have a small dump
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snapshot the breakout is real, next stop. Point D.
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still looking good.
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snapshot looks like it finds the support alongside the CD line when point D is at januari 5th at midnight.
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snapshot

it's definitely finding support at the CD line. So it looks like a smart move to set your sell orders at 1500 en buy orders at around 1100 sats
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snapshot
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snapshot it seems like i got a little bit carried away with adjusting the CD line, in this image i placed point D at the old spot.
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snapshot still on track, i'm really confident about this prediction at the moment
BTCChart PatternsTrend AnalysisvergeWave Analysisxvg

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