Verge had an amazing run earlier this year and I'm sure a few Lambo's were purchased because of this, but that amazing run could spell disaster for anyone still holding XVG. The only thing holding Verge up is one support at $0.045, if this support is broken we're likely looking at a 60+% fall down to where we were before the bull run. If you are currently hodling...
Like I said in the title WTF! Litecoin just decided to go on a freakish bull run today which normally I would be happy about, but there doesn't seem to be any real reason for this degree of movement. I sincerely hope that this volume is not because of the Litecoin Cash fork that was openly dismissed by Charlie Lee as a complete SCAM! I want to believe that people...
I believe bitcoin -2.13% has found the bottom @ 6k, I'm now looking for another fall back to that support and then the bull run begins. The market has returned to the long term trend and I expect it to continue along that trend.
Strong bullish rising valley forming, going to keep watching for now.
I think the potential profit on this is huge, it's shown interest in the past up to $2800 and now sits around $1200-1300. I'm long @ 1300 with a stop at $1100. This is my first published idea so this is mostly just a test of the platform. Trade at your own risk.