Fellow traders and followers, I had to preface this to say that I will not be able to devote as much time to assisting and working with our fellow traders as frequently. Yes, I did and will ALWAYS say that I am a technical trader and ultra long term Crypto Bull--on a few particular coins ;-). However, longmoney has taken a lot of profits during this correction. And I have some needed upgrades to attend to in order to accommodate my trading setup.
But longmoney isn't leaving Tradingview. I give back because the more money I make, the more money we all make. I will be upgrading my Account Subscription plan to accommodate more time to my new trading setup and long term trading goals and needs. Once that is complete, I will be able to add other website and contact information a la carte.
TA:
Low risk/Ultra High Reward. Do I really need to put the risk/reward chart? You're attempt is to TA and delete and only leave remaining what is necessary. It helps others see how you lay the roadmap.
--longmoney
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More time my friends. Current setup and targets.
Trade active
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Apologies should have been to the 786. Chart corrected
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2 Hr Possible Stoch Cross
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Daily crossed
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Of course we can go lower without invalidating. But notice the accumulation and stops being taken out
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Cross on 2hr
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3hr cross. I have accommodated the recent price action by adjusting the dominant pivots. Median lines help to add that much needed time component. We are still in an internal retracement, and the risk/reward made this a must take trade. Educationally speaking ;-)
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Quick update for Verge bulls. A comment in chat was made that basically said it was worthless and going down to I guess zero? Anyway, if you revert to the original chart, I would like to point out the steep A wave which began in the correction from our proposed 5 wave.
Now please also look at the start of the series at roughly 325 sats give or take. And then please also revert to where zero is.
Verge is cheap. Its clearly algo driven. Its a pump and dump. Who knows maybe the technology will develop and compete with the beast Monero. In either case, the younger culture and those who do not have that extra capital are into these coins.
TLDR: Pick your trade
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I am still here everyone. Did not ladder my buys due to risk. But that A wave rip down is just gorgeous
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Alarm hit. Let's pay attention
Trade closed: stop reached
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I'm not done with XVG. Small loser but look at our gains this past week ;-)