kingjardan

Possible play for XVG/BTC in the coming few hours.

BITTREX:XVGBTC   Verge / Bitcoin
This looks like we're about to break up or down, the closer we get to the apex. Personally I will wait to see if it breaks up, in which case I will enter a trade and target a quick 6-7% gain with my stop loss at 3%. This gives a pretty nice risk/reward ratio and it's a trade I would always take.
If it breaks down, I would usually short it with same targets but I don't own any verge at the moment and my exchange doesn't provide this.

Goodluck!
Comment: Short target of 7% reached after closing below the triangle. If you sold your XVG, you could pick up a lot more by now!
Trade closed: target reached
Support at 515?!!!
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