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XVGBTC trade ideas

$XVGBTC on the "verge" of a breakout?This is my view: Bitcoin has been running sideways for a long time and I think people are getting tired Alts are currently retesting support on the multi-year macro trend line. And now, with respect to BITFINEX:XVGBTC , it looks like the end of the downtrend is nigh. BTC dominance looks like it's about to keel over. BTC arguably will not hit an all-time high this year, and when it does next year, it's an ABC correction to the pits of hell. Alts look primed. What do you all think?
Long
by CryptoKaku
3
✳️ Verge vs Bitcoin After 540% Growth (250% Potential Next)Verge (XVGBTC) grew by 540% in its initial bullish wave, the bullish breakout that marked the end of a multi-year long bear market for this trading pair. This wave took place between late June and early July. As is normal and expected a correction followed the massive growth. A 64% correction, XVGBTC moving from a peak of 32 sats back to 11 sats, right above the 0.786 Fib. retracement level relative to the bullish breakout. After a total of 63 days in correction+consolidation mode, XVGBTC is now moving again, going bullish and this is marked by a strong green candle and a break above EMA50. We see potential for prices to grow and hit a new high, the target being 55 sats or 250% from the current price. From bottom to top, 27-June low to the potential next peak, we have a total of 1,000%... In just a few months. My believe is that the entire Cryptocurrency market is set to grow. Namaste.
Long
by AlanSantana
3
XVGBTC requestThey say it's hard to catch a falling knife. Finding predictive trends that show any signs of upward momentum is difficult. However, I have some methods and tools that can give some hope to a lot of downtrend and without needing multiple bottoms to draw trends. Vertical lines = Change is coming soon? Horizontal lines = Traditional levels. Think support and resistance. Sine = Curved trends to fail or respect. Think curved support and resistance. How is price action in relation to the sine through the ups and downs? Does the price diverge or align with the sine? This can help you decide if the price is on balance or not. In some cases the price might even oscillate on both sides. This will be your time to decide under or over sold. Channel= From sine wave tangents / wave heights. This is based on key points in history and current price. One way to monitor trends for upward trajectory IF any happens soon. XVG looks like a coin that will lag behind the market for a bit. Maybe some sideways and oscillating along the trends above and below. Pay close attention to the current price level all the way to 3 sats if you are wanting to take risks on it, every sat is huge. I like XVG but I will prob only buy a very small amount here and reduce risk by setting buys below. If they don't fill then wait for strong conformation later. Profit from other coins will likely come first and I am ok with missing XVG pumps as long as I catch the retests later. If my calculations are correct the current price is what it should be. Timing is 100% the most important part of XVG trading.
by CaptBlackBeard
✳️ Verge | Bulls Confirmed [12,796%] (Name Your Altcoin #22 ✅)Verge (XVGBTC) is in a good spot, it has been dropping since December 2017 and it is now ready for a major bullish wave, after 4 long years. First is the weekly chart with the current price action: Here XVGBTC has confirmed the 12 satoshis low as a strong support after testing it three times in 7 months and always holding. This is the lowest price seen since May 2017. Now, let's zoom out! The potential from the current price to the May 2021 is huge, 874%. Now, let's go further back... I had to activate the log scale to be able to see the candles, the potential extends to 12,796%.

 Here is the chart: We are currently within a consolidation box, or a triangle, before the next breakout. Based on different charting methods, market cycles and experience, the next break should go to the upside. (Time will tell). We are not greedy, 100-300% is enough but the long-term picture looks bright. Thanks a lot for the continued support. Namaste.
Long
by AlanSantana
13
Going to Zero?Technicals: Taking a look at XVG for a friend and I don't see anything good going for it. At first it looked like it was developing a nice broadening wedge reversal, but it needed to hold above 46 Satoshis. There's no bullish scenario for XVG without the log-scale, but XVG seems to move logarithmically, so it could have nice run up to 490 Satoshis. But with it currently being 36 Satoshis at the time of writing this, I don't see XVG even breaking 60 Satoshis. And with a triple top rejection against the dollar (and a huge bear flag), as well as XVG currently falling below its major support against Bitcoin, XVG may see sub-cent and single Satoshi levels. It's been going down and it still isn't oversold on the RSI. When Bitcoin rises again, XVG could fall to sub-Satoshi levels, leading it to be de-listed as it can't be traded against Bitcoin anymore. Fundamentals: The one good thing XVG has going for it is that it has quite a bit of vendors that accept it as a form of payment (though it's mostly porn websites and vpn services). It also is supported on Trezor for those who are into cold storage. Binance recently listed it within the last year or so. Liquidity doesn't seem to be an issue. Other than that, no news is bad news for XVG. Bad news is also bad news for XVG. Coinbase won't list XVG, because it doesn't meet its listing requirements (Justin Vendetta, the founder, confirmed it). Ledger seems to have some sort of beef with XVG and won't add support for XVG. The dev team quit, leaving only the founder, and XVG hasn't had any meaningful advancements, if any in the past few years. Its current partnership with VoiceLife is most likely vaporware and if not, several years out in the making. XiaoMi claims to have a similar technology, but haven't shown it live yet. I highly doubt that a single retired guy without massive funding can outdo a company like XiaoMi. XVG has steadily decreased in hashrate after a few successful exploits. It currently sits at its lowest hashrate in years. Summary: XVG has been one of, if not the worst performing coin in the last few years. Its been in consolidation for over 3 years and hasn't come anywhere its all time high, whereas most other coins have re-entered those levels or even shattered their previous highs. Over this year, it hasn't grown against Bitcoin and any entry into XVG within the past 6 months has been at a loss. What does this mean? Maybe XVG will finally pop and its market cap can reach something like 15B ($0.50 XVG), especially if other shit coins like DOGE and SHIB can do 90B. Or maybe it means that the market doesn't see a need or a niche for XVG. Maybe XVG will continue to drop to 7/100ths of a cent. We live in weird times, where hype and memes rule. No one is memeing XVG or hyped about it.
Short
by satoshiforever
21
XVG/BTC - will there be explosive upside soon?Based of the Prophets indicator suite, a golden pepe appear when there is divergence appears across different indicators like RSI, MACD, MFI, OBV and a custom OSC. A golden pepe is created by combining these 5 divergences. Back testing this on a Weekly chart for XVG/BTC shows that within 10/11 bars (weeks) after a golden pepe appears, xvg begins bullish movement up to double the previous PA, not only percentage wise but also with volume. The outlier of this find 1st golden pepe appearance in Sept/2018. Within 6 weeks, PA turns bullish and the move up begins (of course with the 1st pepe being the outlier in the find). Using this same logic, the chart suggests that within 3-4 weeks, we could see explosive upside potential for xvg. In the RSI pane at the bottom of the chart, you can also see that the green area is signalling a trend reversal based, with more ghost (not locked in yet) divergence across MFI, MACD, OBV and a custom OSC (locks in on this weekly close if it closes green). Disclaimer , i currently hold zero xvg, but i will be buying a decent sized bag of it if we can have a solid close above 27 sats. I'm not here to shill the prophets suite, i don't work for them, i don't have any ties to their business, but if you're interested i a trial, visit prophets.vip
Long
by BagHolderxo