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...
Here's a update to my recent chart with some adjustments and with linear fib targets. I figure looking at linear targets could provide a more conservative outlook, albeit still bullish. Log scale targets will be implemented if XVG blasts through the linear targets. What do you think?
I think XVG might be repeating history but on a longer time frame. The waves and fractals appear to give this theory credence. What do you think?
Updated the chart. The more time lapses the more we see the bigger picture more clearly, so we think! I like how this fits the parallel channel. If history repeats, we are in Wave III conservative targets are 14-48 cents. What do you think?
Constantly tweaking is the name of the game. I think this is an improved chart. Either way, the market is certainly at a crossroads. I believe in the future of this technology. Hence my hopes remain the same.
Just an update to my last chart. Of course we can go lower. But it will go lower until it doesn't.
It seems XVGUSD is testing long term support. What do you think?
Please note the following: two fractals shown between ORANGE lines - one in 2017/18 cycle and one now two macro fib retracements for each of these same two cycles with the .702 fib level in YELLOW "fib levels based on log scale" is turned on for each Questions to ponder: Are these ORANGE fractals comparable to one another? Are they valid with respect...
All this talk about fractals.... just updating an old chart of mine to reflect current price action. What's next?
from inception to the breakout in Jan 2016, overlaid over what would be the next super cycle. Check out where XVGBTC is now. What do you think?
The 17.944 fib level looks extremely significant. Has anyone seen this? What does it mean?
It looks like XVG has been beaten down into a corner. What's next?
What happens next for $XVG? I think the crossroads only got narrower....
I suppose we need to wait for the weekly close but ya know, chaos.
What do the bulls expect what happens next? How about the bears?
Just a quickie observation - do you agree or disagree?
This is a TA experiment. I would like to see what the chartists out there figure what comes next for Verge Currency and Bitcoin. I gave you a head start. On your marks, Get set... GO!!!
I see fear of $XVG is at an all-time low, especially on Twitter. Bullish. I see uncanny falling wedge fractals on the 2017 and 2020/21 charts. Bullish. I see a ton of achievements on the Verge Currency website (vergecurrency.com). They are surely alive and well. Bullish. Question is, are you bullish too? We shall continue the waiting game I suppose. Not...