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Verge / Bitcoin

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XVGBTC trade ideas

On the VERGE of breakout!!Verge has had some great double digit the past couple of days but I don't think we're quite done yet. I believe our overall downtrend has started to break upwards and if we're able to break resistance at 820 satoshis and again at 1000 satoshis we surely will see some significant liftoff! UPWARD MOMENTUM INDICATIONS Volume is slowly but surely starting to flow back into this little privacy coin Recent MACD crossover and lines are starting to separate RSI says we aren't oversold yet! VERGE POTENTIAL TARGETS 1400 2060 2500 Signs are looking good for XVG but I do believe a lot of this trade is going to come down to weather or not Bitcoin is going to play nicely. Sideways or upward movement from Bitcoin is ideal for this trade; I can't picture Verge having a massive breakout while Bitcoin is going down but hey that's just me. Lastly, not sure if this matters/ makes a difference or not but this breakout is starting to look just like the first breakout, even at the same satoshi levels. Just something I noticed.
by garrettlweems
VERGE to BTC pair, long way to go before we see new ATH?This is a different approach to previously charted analyses of XVG to BTC pairs. However, based on past pattern movement, I suspect that in the near future we will see a mini pump, this may be of a larger degree wave B, WHICH MEANS we will be seeking a lower low for C, if that is the case. But I think that before we can see new ATH relative to BTC than we will need to wait it out and allow for more time to pass. Although this feels like forever, its only been like 7 weeks of straight red....NBD :) --->NOOOOOT. Its been hell, but look back and you will see 400+ days of no price movement, and then it comes to the last price action we saw, and it was about 188 days in between events. Now we have not even experienced 80 days of loss and/or sideways action...meaning we could see a repeat pattern occur and another 80 days or so until we hit new highs. If it does take that route, and mirror the previous patterns seen, it would bring us to May....long time if you are holding a bag and watching BTC soar, but a short time if you are in this game for the long haul. Not investment advice, but if we see another impulse wave up, im not hesitating to sell. Pulling that trigger quick as all previous price action has indicated that after a pump on XVGBTC you have multiple re-entry points that could be favorable positions. If BTCUSDT drops we may be able to see some recovery of the alts, they have been slaughtered.
by astoinis
2
Verge soon to break out!! After the past two disappointing days, It looks like sometime today might be the charm. verge looks like it has a verge healthy correction and is now ready for some up trend action. target one is the yellow 1 at the .618 fib which happens to have some nice confluence, which makes hitting a target more likely. we got some nice MacD divergence with some higher lows and the trends is show some nice lower lows. target 1. 00.00000780 satoshi stop loss- .00000590
by instababyeli
Verge long trade perspective.BITTREX:XVGBTC It has been a while since my last post, now with BTC apparently in a bullish trend is time to plan for long positions in alts. Verge is still at a very attractive price and one possible long perspective is depicted into above chart using Elliott waves. When taking long position I use daily time frame when possible because it give me the best preservative for a long position. We are still enfolding the first wave, The RSI sits at around 40 points which supports long trades, giving a lot of room for investors to buy into. DMI is also supporting longs, we don't see yet great volume coming but as we know first wave is about accumulation and building up for long trades. Be aware that second wave could claim as much as the entire gain of the first wave so if you consider taking a long position now be prepare to hold it at the correction. My first target in a normal situation without much hype around it is at around 2400 satoshi, giving some good news I can expect hitting higher targets like 3000 or even 3700 satoshi. Everything is possible in this markets and we need to be prepared for what market is throwing at us. As in any other long position I'm planning to hold my position and lock-in some profit when hitting the third wave. If the second wave claims back 75% or more of the first wave I will add more to my long position. It should be noted that you could potentially sell on a third wave and buy back on forth wave, which usually I don't do. What instead I do if good news come around I buy smaller position during the forth wave and sell during the fifth wave but that is more of a short term trade rather than long, taking advantage of the market condition at that time. I will keep updating while the market is enfolding the price. This is not financial advice just my own opinion and you should do your own research before investing into this asset.
Long
by pgarret
4