AlexCH
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VERGE (XVG) - Looking for Fib targets? This is for you

BITTREX:XVGBTC   Verge / Bitcoin
Hi my dear friends!

This is a 6 hr             chart of verge?
Why 6 hr?
Because at this time frame, we can clearly count the 3 corrective waves that is the down trend in the box.
We can also see from data that fib levels had been a rather precise ruler to estimate this coin, as I explained in the callout box.

The next fib targets are labelled in green (if you drag up on the chat)

They are:
- 2700
- 3850
- 5050
- 5850

It takes time to develop a trade. HODL it, sell when stoploss reached, and ya'll be fine :)


*This post is more for people who are already in verge trade, if you are not in the trade and would like to join, please find an entry price that is comfortable to you on your own.

Good luck!
Bình luận: *Expected correction to 1366 (.5 fib)
Giao dịch bắt đầu:
snapshot


I would be surprised if it goes lower
Giao dịch bắt đầu:
snapshot


we are heading back up, but don't be over-optimistic. Always be ready to react to the worst case scenario!
Bình luận:
snapshot

My thoughts on chart pattern
Bình luận:
snapshot


This one has better proportion
Giao dịch bắt đầu:
snapshot


This update is for my own entertainment.
Boxes with the same colors are of similar patterns.
Bình luận: That was an absolute bloodbath, corrected all the way down to .236
Giao dịch bắt đầu:
snapshot


buy zone
Giao dịch bắt đầu: Hit our buy zone.
We have ourselves a position.
Giao dịch bắt đầu:
snapshot

A good start is always pleasant
Bình luận: one min chart looks fishy, reduced position size
Bình luận:
snapshot

worst case scenario
Giao dịch bắt đầu: order book on bittrex:
whales keep pushing down the price with sell wall/filling their own orders at a substantially lower price.
Assuming they are trying to accumulate more of their long position. -->Don't panic sell easily and fall for the trap.
Giao dịch bắt đầu:
snapshot


everyone sees this pattern. It is picture perfect.
The only thing we need now is volume.

If we drop below lower trend line for some reason (its crypto, anything can happen), we go to the floor and wait to buy back there.
Bình luận: just bounced from lower trendline.
Need to be trading above EMA50 & MA50 on longer time frame to confirm another impulse wave going up.
Bình luận: hovering around trend line, take care.
Đóng lệnh: dừng lỗ: This one hit me.
Bình luận:
snapshot


If we drop to 470 we buy
Bình luận: again, 470-500 we buy
Giao dịch bắt đầu: again, again, 470-500 we buy
Bình luận: I didn't even realize.
The low was 502.....................


My order at 500 was not filled...................................
TP's still as pre dec 31 post?
Phản hồi
@gibbz, you can also take short term profits @ round numbers: 1700 1800 1900 etc
Phản hồi
gibbz AlexCH
@AlexCH, thanks mate, appreciate the guidance.
Phản hồi
will it reach the first target today?
Phản hồi
AlexCH PRO guilhermenduwe
@guilhermenduwe, i slap people who ask these types of questions
Phản hồi
@AlexCH, sorry I do not understand what you mean
Phản hồi
@AlexCH, haha alex :D feel u
Phản hồi
MoneyRight MoneyRight
@MoneyRight, btw, when will i be a millionair?
Phản hồi
target sell price?
Phản hồi
AlexCH PRO AlekseiMurikov
@AlekseiMurikov, previous targets remain valid
Phản hồi
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