Questions for you expert chartistas:
1. Does it appear XVGUSD breathes on a 224 day cycle? The 2018 bear market completing a supercycle of sorts consisting of three 224 day cycles. Interestingly, the same goes for the genesis of XVG on Bittrex up until the end of the bull market.
2. I played with the Fib Time Zones so that there is some kind of correlation...
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...
I haven't done this in a while so decided to fool around a bit given recent bullish indicators all across crypto.
Has anyone else put together a chart like this? Seems we have just 3 or so resistance lines before the next ATH . $1+ doesn't seem all to unreasonable.
Any comments? I'm open to suggestions/pointers.
I would also like to ask those Elliot Wavers here...
After looking at other TA on here for $XVGUSD, I thought I would combine the best elements I found into an updated chart including elliot waves.
It seems we may have bottomed at a penny and now on wave 5! I wonder what the potential is for such a rise upward. Can we even get an extended 5?
Verge is on the mark.
Decided to tackle $XVGBTC this time. I like long term projections in case you may not have noticed. I'm more of a macro kinda guy.
If history repeats itself and we have another 5000% explosion (maybe soon, just look at the chart), are we headed to 14-18,000 satoshis?
I think I used the cycle tool correctly.
Seems like we are headed toward single dollar digits. How high it goes is speculation but if history repeats itself, we may be about to impulse.
What do you think?
While cleaning up my previous chart I noticed Verge bounced off the bottom upward trendline instead of hitting previous support just before the last explosion in December.
I think this confirms the upward trendline.
Hopefully we will see an increase in volume and a continuation of upward momentum.
What do you think?
Perhaps you guys and gals can build on this chart with the following considered:
I couldn't get the ruler to stick but the first triangle broke out around 190 days after the initial impulse. We are currently around 185 days in our current triangle.
I truly hate the fact bitcoin is currently married to alts and can only hope Verge will soon show the altcoin...