jmC3PO

$XVG Short in play. How rekt can I get?

Short
jmC3PO Updated   
BINANCE:XVGBTC   None
Goin b's to the wall & shorted $XVG 2 days ago w my whole bag at 702.

I think it gets rejected here at this 810 attempt.

Re-entry target 480-550, but I may have to wait if we break out for a small run here. I think it will come back down, even if.

I just don't see us breaking the largest symmetrical triangle (big yellow one) & getting new ATH until we touch the bottom, which is why that's my target (480-530). Same exact symmetrical triangle play happened with mid-Dec moon.

If we touch bottom, expect a parabolic punch to the face.

Cheers!

**NOT FINANCIAL ADVICE**
Trade active:
So far so good!
Trade active:
Breaking down out of the 3 day upward channel. Channels like this are a continuation pattern.

Let's see what happens!
Comment:
Sunerok's CNBC interview confirmed for tomorrow (Sat, 28th) airing.

twitter.com/derekcap...s/989922133357879297

It either PnDs and sends $XVG to my bottom line over next couple weeks, or it has the XRP Fast Money effect.

My wager is on the prior.

Good luck!
Comment:
Looks like there might be a pretty good looking Inverted H&S forming on 4hr chart.

If so, target: 990-1000ish.

May align with my previous theory of tomorrow's CNBC interview giving us a bit of a PnD back down towards my initial target. Will have to reassess once a move is confirmed.

We'll see!
Comment:
Perhaps not!

Complex H&S forming (right shoulder is just finishing).

This is fun.
Comment:
Looks like I was off on timing, but might be hitting my target trend line any time now. I say we bottom out (touch base supp) within a week or so.
Comment:
(cont.)

... and by that I meant my base supp from this post below, NOT the yellow line in this chart above.

www.tradingview.com/...ls-still-GREAT-news/
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