The second MY wave is starting. Ticket to the moon with departure at 0.00000431-461 btc on the door XVG please on board. Please take a seat, put on seat belts, relax and enjoy the view of Planet Earth moving away while trading roads to the Moon. We hope we will be arriving at 0.00001516-1524 btc. We wish you a very good trip. Thank you for traveling with us and choosing our services. -SG-
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Ok, price will bounce on 595 and close the candle upside green line, its athmosphere... dense
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Definitly VERGE its trying to consolidate a support in the 493 - 531 area.
@muzzamilsana, lol ... I thought you were from the crew ahaha
Anyway, very risky move considering that just recently are confirming more signs of reversal and uptrend forming.
But,well, hi mate .. ready for moon? ahah
muzzamilsana
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@CristoJaraba, ahahha yes ofcorse but they are coming KRW ? it may 2x or 3x?
what you all guys talking about is interesting :D
Looking at 1W charts we can clearly see that we didn't get thru down trend line
+ MACD showing us strong downtrend, it's just pumped by the news and it won't make it.
We get some volume Yestarday but Todays volume is less than 1/2 what was yestarday.
Do You have something what would change all those facts? I don't think so ! Charts, volume, BTC falling talks itself.
CristoJaraba
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@Coder775, well you are absolutly correct in this.
Im speculating with some crazy IDEAS... looking the behaviour of XVGBTC, Im specting for a second excesive rise, its just a math thing... nothing to take too seriously, nor to reject.
Thanks for sharing us your knowledge... its the IDEA of this.
Regards.
-SG-
Coder775
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@CristoJaraba, Thank you for a kind words, really appreciate it, most of the people getting really upset.
I think we have to hit around 250 satoshi to get back on track, on top of that, i think that crossover of downtrend and uptrend lines would be a perfect time for reversal (around 20 of may)
From my calculation around Jun we should retrace to previous high.
That's just my opinion.
Kind Regards
Greg
CristoJaraba
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@Coder775, Great man, thanks. I really apreciate all views, in fact, is from where i get new things to have in mind when a try to figure out whats going on... obviously allways trying to discriminate between them to keep the good ones.
I will have your opinion present now and see if I find something that match with it. Than, new IDEAS rise.
Im a bit autodidact and must learn 50/50 theoric-experimenting way... and this is the lab part.
My idea here is, after looking the first uptrend I took the shape of it and proyect it as a fractal in the last big rise. Why I did that and take it as possible? Because The first wave of the first downtrend went back to the .786 fib level before rising a second time, and the lowest level reached after the last rise has bounce in the respective .786 fib level too. Than, using trends lines in pink, both, first rise of the first run and the last peak of the actual (second) run, make a similar falling wedge and were break under .786 fib level, so appeling to their simmilaritie, I draw the shape fo the first uptrend and see if it fit into the last period behaviour, and it match very significaly tradingview.com/x/d3H8T7NP/. One more thing is that EMA 55 is geting closer to EMA 233 so... could be....
For last, the target was calculated as a fib extension of the distance between the last peak and the lowest price before that peak.
In other words, we are in middle of the second period of a fractal behaviour. Crazy IDEA ah?
Well, as I said, Im not a trader, Im just a autodidact student and Im experimenting with Ideas hoping that people with knowledge can guide me to a better path-view-understanding of all this.
I was robbed last week from bitfinex and I just want to recover my money with I still have.
Again thanks!!
Kind Regards.
Cristobal
CristoJaraba
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@Coder775, Sorry my english, its not my mother language.
(=
CristoJaraba
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@Coder775, EMA 233 getting closer to EMA 55 (the opposite of what i said) lol