Elijah_Trading

An Open Letter to Verge

BITTREX:XVGUSD   None
Okay, first, I accidentally deleted the original post and didn't copy the description, so this is the second time writing this.

Second, follow me on twitter cause I kill it with the short-term updates on $BTC and other coins (@CryptoEball).

Okay, now that the self promo is over...

Dear Verge,

Verge. Oh Verge. Oh how I love you. Your marketing techniques are quite funny. But your actual fundamentals and price action a few months ago made me fall in love. And I've had this special place in my heart for you. Things haven't been looking all that great recently. And they may not look all that great in the near future. But that's okay. You have one of the most bullish volume patterns in Crypto. It's high when you go up, and its low when you go down heheh.

All I see is a coin that wants to go up, but Bitcoin is schizophrenic. Its just dragging you down with it. The market may not go well this year, and that's okay. What are several more months? Even though each day feels like an eternity... But because of that I have to be patient with you. I can't rush it. I have to wait until you can make this decision. Right now it looks like you're forming a triangle. And I have to see which way you break. It's okay if you take your time, I'm not in a rush. I'm not writing this out of fear, but love.

If the market does what I think its going to do, and I see you in the distance, sitting still with low red volume. I'm going to accumulate the hell out of you. The living hell out of you. Because you're going to MOON. no. MARS. You're going to MARS. But I have to wait until I see you mature. Until I see you heal into the coin that I believe you can become. I can't help you with that. You have to do it on your own. *Sad face*

In the short-term, sitting under the cloud with bearish divergence on Williams %R and OBV aren't good looks. You have support under you. But what's above you makes me worried. But when the time comes, and you're looking good. I'm coming for you and never letting go.

Sincerely,
Your lover.



No, but seriously guys, short-term looks bearish for Verge. Depending on what the market does, Verge will follow, If BTC doesn't do well, then expect it to fall from this triangle. If BTC does well, the it may break out above. It has quite a bit of support under it, but we'll have to wait and see what it does. There is not rush by now. Don't FOMO into buys. Just wait and see how it plays out. If we're talking long-term I'm still hopeful that Verge will be an amazing buy. But we'll have an answer within the upcoming months. This is a different post than what I usually make. It's more so just a long-term investor type outlook.
Comment:
To make it clear I've taken my profit from Verge. I don't own any. I plan to buy a shit ton but I'm waiting patiently for the market to decide where it wants to go.

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