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.
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.