Hello All,
I am going to keep this short and simple today. I'm absurdly tired. Verge is getting ready to wrap up this down move, as is Bitcoin. We should see shorts close out soon. There is likely one more push down. I do not in any way see Bitcoin going below $4800 on this down move. Bitcoin should rise up to $7,200-$8,300, depending on where it finds it's bottom (when the shorts close their positions). With this bottom, we will see excellent bounces in alt coins. In particular, I am keeping my eye on Verge (XVG). We will see a bounce up to the 50% fib level. After that, close out your longs, and STAY AWAY for a long time. Verge could go VERY low, into the 100 sat range (or lower). However, there is a nice play here, and I have been accumulating very large positions on each deep move we make into the red. Each dip deep below 400 I buy large positions, and if we go lower, EXCELLENT, I'll buy more.
On the USD side of things, I could see XVG bottoming out on this down move around $0.017-$0.019. In regards to BTC value, I'm looking for the lowest to potentially be 320 sats.
We are looking for a ride up to around 880 sats, and a USD value of about $0.07.
I am taking a very large trade in this.
Best of luck to all. Trade at your own risk. Do not be stupid and hold this waiting for super moon. This is a trade, not a get rich quick move. Get in, get out. As always, your mistakes are not my responsibility. :D Protect yourself.
I am going to keep this short and simple today. I'm absurdly tired. Verge is getting ready to wrap up this down move, as is Bitcoin. We should see shorts close out soon. There is likely one more push down. I do not in any way see Bitcoin going below $4800 on this down move. Bitcoin should rise up to $7,200-$8,300, depending on where it finds it's bottom (when the shorts close their positions). With this bottom, we will see excellent bounces in alt coins. In particular, I am keeping my eye on Verge (XVG). We will see a bounce up to the 50% fib level. After that, close out your longs, and STAY AWAY for a long time. Verge could go VERY low, into the 100 sat range (or lower). However, there is a nice play here, and I have been accumulating very large positions on each deep move we make into the red. Each dip deep below 400 I buy large positions, and if we go lower, EXCELLENT, I'll buy more.
On the USD side of things, I could see XVG bottoming out on this down move around $0.017-$0.019. In regards to BTC value, I'm looking for the lowest to potentially be 320 sats.
We are looking for a ride up to around 880 sats, and a USD value of about $0.07.
I am taking a very large trade in this.
Best of luck to all. Trade at your own risk. Do not be stupid and hold this waiting for super moon. This is a trade, not a get rich quick move. Get in, get out. As always, your mistakes are not my responsibility. :D Protect yourself.
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Get ready... These alts are exploding one by one. XVG will have its turn.
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hmmmmmmmm....
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If that chart above is a repeating pattern, then we would be seeing the biggest alt coin bull run since December. So, that's something to watch for. Are we resetting? Is this the new bull run about to begin? Is Verge going to $1+?
I don't know...
But that chart is sure interesting.
I don't know...
But that chart is sure interesting.
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After pondering this more.. I'm starting to become convinced we are about to see Verge explode. Like, a 4000% explosion. I will not be selling at the original targets on this chart. I am going to let this ride. I have a very large holding in this that I have just been adding to nearly every 6 hours. This is the moment. This is the golden opportunity you will look back on and say, I can't believe I got in down there. This is it. This is where heroes are born. This, is where Lambos are born. Where Moon missions begin. From the ground.
As always, you are responsible for your own actions. And making decisions based on what I say is stupid. Do Your Own Research. Make educated decisions. Protect yourself. Set stops at levels where you feel uncomfortable.
As for me... I'm in. Heavily.
3..... 2..... 1....
As always, you are responsible for your own actions. And making decisions based on what I say is stupid. Do Your Own Research. Make educated decisions. Protect yourself. Set stops at levels where you feel uncomfortable.
As for me... I'm in. Heavily.
3..... 2..... 1....
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Thrusters: Engaged.
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This is the Verge USD chart.
I have been watching this purple line, and have been anticipating it being our bounce spot for the last two months. However, we started showing significant bullish signs before we actually reached it, hence, me posting this chart in the first place.
The bounce "zone" is top red horizontal ray, the purple line, or, anywhere in between the two red lines. This is our bottom. Have we already hit the bottom? Maybe. Have we not? Maybe.
In the end, you have to question whether or not you think crypto is dead. If you think crypto is dead, then you shouldn't even be playing in this market to begin with. If you are looking for long term holds, boy, we are right there. Buying on every dip at these levels is like getting free coins, practically. If we anticipate Bitcoin and the alt coins to rally, like they did twice last year, then these are the levels to be buying for absolutely massive gains.
So, I have my entries. I will not be selling anything, even if we dip lower. I will be buying even more if we dip lower. The only way we go lower than the bottom red line is if crypto is dead.
Here is how XVG's BTC chart looked last time before it rallied, and how most coin charts look before they rally:
Then :
Now, let's zoom to current times:
For me, it's too dangerous to be playing with day trades in these zones. If we repeat, then a flip to the upside could happen out of nowhere with rocket speed. I just wanted to point this out. Now is an interesting time.
I have been watching this purple line, and have been anticipating it being our bounce spot for the last two months. However, we started showing significant bullish signs before we actually reached it, hence, me posting this chart in the first place.
The bounce "zone" is top red horizontal ray, the purple line, or, anywhere in between the two red lines. This is our bottom. Have we already hit the bottom? Maybe. Have we not? Maybe.
In the end, you have to question whether or not you think crypto is dead. If you think crypto is dead, then you shouldn't even be playing in this market to begin with. If you are looking for long term holds, boy, we are right there. Buying on every dip at these levels is like getting free coins, practically. If we anticipate Bitcoin and the alt coins to rally, like they did twice last year, then these are the levels to be buying for absolutely massive gains.
So, I have my entries. I will not be selling anything, even if we dip lower. I will be buying even more if we dip lower. The only way we go lower than the bottom red line is if crypto is dead.
Here is how XVG's BTC chart looked last time before it rallied, and how most coin charts look before they rally:
Then :
Now, let's zoom to current times:
For me, it's too dangerous to be playing with day trades in these zones. If we repeat, then a flip to the upside could happen out of nowhere with rocket speed. I just wanted to point this out. Now is an interesting time.
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And here's a closer look at the XVG/BTC charts side by side:
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It is so against popular opinion right now. But I am still mega bullish on this and several other alts. Everything going perfectly still. No problems.
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81-Day Down Trend on the USD chart has been pierced. Let's see if it can follow through...
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Just letting you guys know, this trade is still active. I have not given up on it.
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The entire alt coin market is getting slaughtered today. I will be searching for a profitable exit once it is presented and we get a new setup.
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On the USD side of things, this chart looks glorious. It is a dream entry. We have the crash pattern completed, did a retrace, and now we are flat lining. This is the ideal kind of entry.
The issue comes in to play that it could sit like this for quite some time, and Bitcoin is off doing it's own thing. So when we look at the XVGBTC chart, it's lack luster. But the reality is, it's just setting up gloriously awaiting its monster spike upward.
For a long term hold type of position, I'd be looking at Verge reaching at least $1.16.
Many others are calling for much more than that, and if we look at Verge's previous bullish moves, the target would actually be significantly higher than that. But from a 4.236 extension level, we'd be looking at $1.16.
The issue comes in to play that it could sit like this for quite some time, and Bitcoin is off doing it's own thing. So when we look at the XVGBTC chart, it's lack luster. But the reality is, it's just setting up gloriously awaiting its monster spike upward.
For a long term hold type of position, I'd be looking at Verge reaching at least $1.16.
Many others are calling for much more than that, and if we look at Verge's previous bullish moves, the target would actually be significantly higher than that. But from a 4.236 extension level, we'd be looking at $1.16.
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I am still in this trade, and will remain in this trade regardless of the outcome. The reason being is that the chart is set up too perfect. It's just... timing, right? When is it going to happen? When will we moon? When will Verge be $1.00+ ?
While it sounds absolutely absurd, and trust me, I know... the chart says the week of August 20-27th. Yes, a month away.
If we for some reason crash down to $0.005-$0.001, well, then the chart changes and the timing changes. But, if the lows are in, I'd be looking for a moon mission completing itself around that time. If the moon mission has not begun before August 15th, then I doubt it's going to happen soon.
People may say, "well, it depends on Bitcoin". Well, it depends on a lot of things. People could flock out of Bitcoin due to an ETF not happening. What would happen to Bitcoin if the CBOE ETF fails? Like, seriously, have you thought about that? What would happen to Bitcoin if that thing gets rejected and there is no sign of a Bitcoin ETF anytime soon? IMO, Bitcoin will fall pretty hard. Where will that money go? One could assume it will leave the market entirely. Or, the other side of the thought process is that that money flows into alt coins.
In addition, the U.S. stock market is on the brink of collapse. If we look at when the NASDAQ started it's monstrous rise, it occurred one week after the bubble top of Bitcoin. Yep, all the breakouts, AMZN, NFLX, FB, etc... they all broke out and started their parabolic blow off tops one week after the Bitcoin top. Now, those tops are in, where is that money going to go? Where will all that TECHNOLOGY money go? How about cryptocurrency technology? Sounds plausable to me.
Anyway, I'm aboard the space ship, if we abort the mission and need to gather more fuel down lower, I'll fill my tank with more. Otherwise, this moon mission is set to land on August 20th-27th. At that time, it is highly advisable to exit the space ship and board a new one for the mission to Mars.
While it sounds absolutely absurd, and trust me, I know... the chart says the week of August 20-27th. Yes, a month away.
If we for some reason crash down to $0.005-$0.001, well, then the chart changes and the timing changes. But, if the lows are in, I'd be looking for a moon mission completing itself around that time. If the moon mission has not begun before August 15th, then I doubt it's going to happen soon.
People may say, "well, it depends on Bitcoin". Well, it depends on a lot of things. People could flock out of Bitcoin due to an ETF not happening. What would happen to Bitcoin if the CBOE ETF fails? Like, seriously, have you thought about that? What would happen to Bitcoin if that thing gets rejected and there is no sign of a Bitcoin ETF anytime soon? IMO, Bitcoin will fall pretty hard. Where will that money go? One could assume it will leave the market entirely. Or, the other side of the thought process is that that money flows into alt coins.
In addition, the U.S. stock market is on the brink of collapse. If we look at when the NASDAQ started it's monstrous rise, it occurred one week after the bubble top of Bitcoin. Yep, all the breakouts, AMZN, NFLX, FB, etc... they all broke out and started their parabolic blow off tops one week after the Bitcoin top. Now, those tops are in, where is that money going to go? Where will all that TECHNOLOGY money go? How about cryptocurrency technology? Sounds plausable to me.
Anyway, I'm aboard the space ship, if we abort the mission and need to gather more fuel down lower, I'll fill my tank with more. Otherwise, this moon mission is set to land on August 20th-27th. At that time, it is highly advisable to exit the space ship and board a new one for the mission to Mars.
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Verge is going to be added to Huobi Exchange within the next day, which is the third largest exchange by volume.
24-hour exchange total volumes:
1. Okex - $1.37 Billion
2. Binance - $1.19 Billion
3. Huobi - $991 Million
4. Bitfinex - $593 Million
24-hour exchange total volumes:
1. Okex - $1.37 Billion
2. Binance - $1.19 Billion
3. Huobi - $991 Million
4. Bitfinex - $593 Million
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Obviously this idea has been wrong. However, I'm adding here. Here is the 8-hour TF log chart. Back testing the breakout. Could it go down more? Sure.
See ya!