VERGE - XVG Why I buy it today

XVG-BTC-BTRX-25.06.2017.png

Here is what I do:
I like to go to coinmarketcap.com where I type in the coin I am looking for into the search field. Then I get a lot of info. I see the volume, the price, supply - the company website and announcement thread(left-hand side). I check out those sites to get a good idea on the fundamentals of the coin.
Here is what they state on their website:
Verge is a secure and anonymous cryptocurrency, built with a focus on privacy.

Next step for me: I do TA - technical analysis on the charts.
Verge is quite new to the market. So far it has made 2 tops and will make another one(1,2,3,4,5 rule) before it goes down again.
In the chart above you see my take on this coin and why I bought it.
Disclaimer: I am not a financial advisor nor a cryptocurrency guru. If you decide to invest based on what I wrote this is your choice and I can not be held responsible for any losses you might experience.

So far I am making good profits with my trading strategy.

Oh - and on the website, you see why I bought today: There is a big release due tomorrow and a lot of big releases in July.Verge.png

Give me an upvote if you like my post(s) and leave me a comment on what you think about this coin.
Are you actively trading, learning to trade or following someone for signals(I am just curious). I started out following others and still follow some great traders. You can never know it all :)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I like your TA. I have some verge in my bittrex account, like 9k.

How long before the breakout?

·

Hey :) Thank you.
That is hard to say - but to be honest: I did not buy only because of this breakout. My plan with Verge is to hold it. It might even go up to 1$ in the long run. So, I would not really sell right away.
Of course you can day trade - sell it once it has a bull run and rebuy when it goes down. The markets always go up and down so there is a lot of profit potential.

·
·

Ok. Got it. Thanks. I am still a baby in the day trading stuff...well, I am learning the candles by the day.

One day, I hope I can analyse charts like a pro. #wink

·
·
·

Awesome - just go one step at a time - if you put effort into it, you will learn it :)

·
·
·
·

I downloaded some few books and few media from youtube. It will take time to master the basic part.

Thanks for the words of encouragement.

·
·
·
·
·

You are welcome my friend - we all need to start somewhere :) You are on the right track