Based on the last rally and utilizing mostly fib retracement to estimate a buy location (without signals), I'm seeing we'll enter a buy area within the next couple hours while creating a bullish flag or pennant (more likely a flag), then we should begin the rally into a Christmas morning surprise completing at $0.529 or nearly half way to Ripple's value.
Ripple is also going to be pushing 325% soon, so be ready for that as it keeps ahead of Verge for the time being. But that may not last forever. It's possible Verge may overtake Ripples position, unless Coinbase adds Ripple (likely) and/or there is more good news from the Ripple camp during the end of the year and into next year (again, likely).
My ripple projections show that we'll go through a couple rallies and retracements with a target around $4.20 for XRP and it's possible that XVG may hit $2.00 within the next couple weeks as it has been maintaining 300% rallies pretty regularly.
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I see a higher target of $0.80 on another +245% bullish flag as shown here. We've been forming this flag for a couple days now. Bitcoin rally will probably kick off an XVG and XRP rally.
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Ouch.. almost ready to break downward. But I still think it's worth HODL'ing as it's just a wider flag. I've modified my drawing by using the tips of the candles at the bottom. The angle is still the same as it was using the bottoms of the candles in the last flag drawing, so I believe this may still work out.
Keep an eye on SC (Sia Coin). It seems to be pretty stable.
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High risk, high reward.. remember that. If you're in for 200% gains in 48 hours, you are in a high risk environment.
The only way to win in a high risk environment, is to lose a couple in the mean time.
Trade closed: stop reached
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I'm out!
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Maybe I should buy back in. I just noticed the last rally happened after we crashed through the 2 hour ichimoku resistance area. See yellow circles. Could be a signal.
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XVG is about to rally.. +245% incoming to $0.80 I'm going back in! Also heavy into XRP as Ripple is very near it's rally and I have a fear of missing out (FOMO).
I see XVG just moving sideways between my positions, no upward movement, slight downward, so I'm out until I see movement. Focused on XRP at the moment and waiting for tonights pumps of BTC which should drive XRP.
Verge reacted to the BTC correction and BTC looks to be in for another correction here shortly as it can't break resistance. Wouldn't it be better to take profits at 0.00001700 or great and re-buy after the smoke clears? With BTC tendency to drag the whole market with it a buy tonight looks pretty foolish.
Tin.Foil
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@Notda004, I disagree that BTC is ready for another correction.
BTC has fallen to the 61% Fib retracement line and bounced almost exactly on it. That's the end of the consolidation period.
Also, BTC is forming an inverse H&S, which has started completion within the last 30 minutes. Once the final shoulder has completed, expect the rallies to begin.
See my notes here for my analysis on why I believe BTC is done with the correction and ready to move up to 21K by Christmas day and up into 25K before the end of the year.
saywhat
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@tin.Foil, currently 12kish that's going to be some turn around to hit around 21k in the next 24 hrs
Tin.Foil
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@saywhat, I'm beginning to lose faith as well. Might take more than 24 hours. If it stays this low, be ready for the Alt coins to start doing good as people move out of BTC to stop the bleeding and into alt coins for nice profits.
richterlaw
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@tin.Foil, Do you stand by your for and xvg predictions?
@richterlaw, I believe we'll exceed expectations with XRP and XVG. Latest charts are showing we'll be above my initial targets. I'm hoping it goes well once this BTC rally to 46K takes off, today, 5am EST.
mike_ciglar
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Any update on xvg? Looks like it’s ready to explode upwards to $0.70 or higher?