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**
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So far so good!
Trade active
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Breaking down out of the 3 day upward channel. Channels like this are a continuation pattern.
Let's see what happens!
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Sunerok's CNBC interview confirmed for tomorrow (Sat, 28th) airing.
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!
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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!
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Perhaps not!
Complex H&S forming (right shoulder is just finishing).
This is fun.
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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.
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(cont.)
... and by that I meant my base supp from this post below, NOT the yellow line in this chart above.
@Johny95, agreed, looks like its being accumulated on the low. has working product, more upcoming news and adoption. mark my words and come back here in 1 year and respond back to this comment. curious to see what the price will be. ill bet my left nut it wont be under 1500.
jmC3PO
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@gyphorz, lol shorting doesnt mean im not the biggest xvg fan, because i am. Shorting is how you increase your fandom (bag holdings).
jmC3PO
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@gyphorz,
sub-600 and dropping.
Just breached my hit-box called on May 2nd.
jmC3PO
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@Johny95, source? I can make random statements too
astoinis
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@Johny95, yea i dont think so neither, maybe we will see 740 range
idk - i think you will be waiting for something that may never come....480 satoshi? so you think it will correct from 1485 --> 480 satoshi? all the while the rest of the alts are popping, not to mention that XVG clearly began its wave 3 up, having complete wave 1 and looks like it put wave 2 in at a low of 639 sats. we will see. but i think you have this wrong, maybe not, idc either way, if it drops under 600 thats an instant buying opportunity. But next target is resistance around 830 satoshi with a grind up until it explodes sometime in early may. thats what im seeing - it would be a blessing to see it under 600 again
jmC3PO
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@astoinis, EW is fraudulent, and almost always BS. I've never seen a legendary trader using EW.
We can't blast off until bottom of Symm Tri is touched, imo. Where/when are obviously up in the air.
Look at the Symm Tri that blasted us off in mid-Dec.