VERG (XVG) Analysis: Take a look at this extended 5th wave!
As I had just blogged earlier about the tendency for cryptos to extend the 5th wave rather than the 3rd, this chart is a perfect example. Waves 1,2,3,4,5 placed well. ABC correction finished and look how a nice rectangular price channel formed. Once prices busted out of the upper trend line, it became game time. Now, waves i, ii are in and waves iii,iv and v are due. Enjoy your profits!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Check out BNB my friends! Same formation we keep seeing. I'm sorry I couldn't get it to you earlier, I just logged on and saw it! I wrote about it in my blog, but out of respect I'm not going to link to it, but I will show you the chartttttttt
Look at that incredible triangle formation....then BAM
Nice triangle consolidation and it stretched all the way to the apex before breaking out. Priceless!
ive got verge tucked away in "long term - do not touch!" pile - funnily enough the day after i bought in it increased by 50%!
Would love to see your analysis on Lomocoin (LMC), hoping for a breakout very soon
I always gratefully take my profits.
Yeah i think im holding verge as well...
hey haejin? what you think about blitzcash?
Here is the analysis for BLITZ, please only use to augment your due diligence.
https://steemit.com/bitcoin/@haejin/blitzcash-blitz-analysis-enjoy-the-upcoming-profits-here-is-how-in-the-blog
upvoteed great knowledge
grateful for the post as always! question on the pattern (as I'm learning EW), will the pattern be broken if 'iv ' goes lower than 'i'?
Wave IV can't exceed the top of Wave i
If it does, then yes, invalid
@haejin the trade ninja 8)
Looks like it is on a run now! Guru!!
What are your targets for this? Maybe 0.00000149 BTC to 0.00000182 BTC?