VERGE (XVG): "The Way to Make Money is to Buy When There is Blood Running on the Streets"..JD Rockerfeller
VERGE (XVG) has corrected so deeply that such level can test the patience of any who might still be holding since the $0.29 peak. The correction is labeled as WXYXZ (blue) and the final Z wave is expected to mark a lower low. Per JD Rockerfeller's quote, s this the time to buy or sell?
The subwaves show the abc (red) placements, providing confirmation of current count. The final blue Z wave shows that the five waves of the last c wave could be in progress. While the lower low could target $0.024, it's important also to remember that a correction bottom is not necessarily an event but rather a process. In that process, there is also a scenario where price can continue going sideways. Discipline and patience pair the closest for traders during these near bottom times.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: 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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