VERGE (XVG): The Hurry Up & Wait SyndromesteemCreated with Sketch.

in #money6 years ago (edited)

SUMMARY

Here is VERGE (XVG) which is executing very well the Hurry Up & Wait syndrome. What is this? Cryptos have a genetic trait and that is they almost always rush the impulse 1,2,3,4,5 waves up but then carry out a excruciatingly slow corrections! At times, the correction is slower than molasses flowing uphill, outdoors in the middle of February in Canada!

The chart below shows the length of time it took for the impulse waves to be placed (first blue horizontal line). The length of time it is curerntly projected to take for the a,b,c,d,e triangle is about 3.5x! This is what a Crypto trader should expect. If a correction seems too quick, than most likely it is! Always expect and project a very lengthy correction!

Here is a closer up of VERGE with an updated chart showing that price is in progress of putting in the d wave.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Legal Disclaimer: 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.

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So many people who missed the ripple wave are now trying to make money through XVG.
It is like a pump and done scanerio.

As a Canadian, I can verify that molasses does go very slow that time of year. Not sure how Haejin gets it to go up hill. But you can bet if he says it will go up, I'll hodl molasses!

I upvoted this post because I also invested and patiently waiting for Verge to make a good profit. Hopefully soon.

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I'm a fat American, I would eat it despite wanting to HODL it :(

as an australian . what is a molasses haha

is it moment for buying ?

I've elaborated a little on your analysis my friend:

XVERGE (XVG) - Analysis (130% POTENTIAL PROFIT) — Steemit https://steemit.com/bitcoin/@benkalashnikov/xverge-xvg-analysis-130-potential-profit

xvg explain.png

Another excellent article

Yes, sometimes the Hodl Hodl is the hardest part of the process. Crypto has made us all impatient 3 year olds!

Slow and low, let yourself go. Slow and low, that is the tempo! Where is this from?

It's never old school, all brand new.
So everybody catch, the bugaloo flu.

Beastie Boys first album. 1986.

first!

Informative post :D

XVG/BTC at Hitbtc looks very done in the triangle

They had some good news. So we may see another impulse pretty soon. I'm really wishing XVG would moon before TRON. The charts make me drool. At least MCO, EOS, XLM did well for me.

Same here. I m hoping so much that verge goes up to 0.25-0.30 then i get my huge losses back and can jump to trx and the rest i ll split in about 7 coins/tokens.... but it seems to take his time .....ZzzZzzzZZz

It is so funny to see the news arrive to justify any chart by the elliot waves.

I really hope so ,I also have been holding a back of verge for a while now .The charts that make me drool is the civic chart .An amazing price potenial

added to my position in CVC last night. I am gearing up on promising charts/great project pairs for potential long term HODLing. CVC is on that list for sure.

Very true about Civic. It's really useful. But at the moment not many are utilizing their services. It could easily be $50 in 2-3 years unless competition get tough. Keep an eye on Metaverse. They are chewing more than they could swallow but if they do pull off, NEO would become meh in the eyes of everyone.

Metaverse now officially on my watch list . Keep an eye on digibyte it's sleeping giant .

I saw it few months ago and it was the better and more legit Bitcoin. You could pretty much all it the real Bitcoin. I'd still prefer Dash I see it hitting 20K this year. But I do have to agree that DGB is a sleeping giant.

Civic $50 in 2/3 years? I dont think so. There are far better competitors.

same for xvg/btc at Binance.

VERGICAL 😁

i guess not huh?

That's called consistency !

I'll be the first one to predict that @haejin is going to be the 14th most followed steemian in 4 hours. Anybody willing to bet otherwise???

Would be interesting to get this charted and put some elliot waves on his follower counts :)

That would take some programming skill to gather data. I only know basic programming.

It's too long since I did any programming :/
The data should be ok to extract and present, maybe there already is a steem app doing this?

I don't know any apps currently doing this. https://steem.makerwannabe.com/ is down for some reason. One could have taken their data to make a graph. https://steemworld.org/@haejin could also be crawled for data if you know how to write the App.

Many apps have had trouble connecting to steem lately, might be the reason

What do you think we are, gamblers? Like we want to take risks with our money?? :D

I was expecting this wonderful thing called "Backbone" which is colloquially referred as Balls. The informed being make ballsy bets when they see a good winning opportunity: http://mysteemitfriends.online/followers.php?page=1&highlight=haejin
@haejin for #14 for the time being and @vimukthi for say..... #1000

why 4 hours?

I hope you are right!

Could you please analyse Omisego?

damn @haejin you got 600 views in less than a minute. We have all been waiting for this! thank you soooo much!

It amazes me how his posts look like a complete clickbait and random lines drawn in MS Paint, but in the end he's almost always right :D

supply and demand lol. we all know we are addicted to it!
the guy is too good at what he does.
not only his accuracy on the calls overall... but sometimes to the last penny....Uncanny indeed

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