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SUMMARY
I'm very bullish on VERGE (XVG). I call it the "Stairway to Wealth"!! The below chart shows that XVG/USD had been channeling between two parallel trend lines. This is labeled as a,b,c,d,e and once the e wave completes, the $0.0238 target shouldn't take too long.
My bullishiness is deeply rooted in the below pattern: Cup & Handle! Look at the steps the prices are making, it's the Stairway to Wealth!
XVG/BTC is as bullish in that the Cup & Handle Pattern is coupled with an a,b,c,d,e triangle. The 0.00000313 BTC target is a stepping stone on the way to higher highs. Look at the chart of ETH...it has exact salme a,b,c,d,e pattern and it has nearly doubled!
The video has lots more details on how to deal with emotional/psychological distress experienced whenever a healthy correction occurs. It's normal to feel these...but not healthy to profits. I explain how to manage these in the video.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - haejin1970
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LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
This is a great example of why you need to watch the waves and drown out the noise...they had a delayed Wraith Protocol launch and a Verge wallet hack on coinpouch just a few days ago..pure disaster..but sentiment doesn't care...plus it's a good project and the wallet is awesome..thanks haejin
https://cryptovest.com/news/845-btc-worth-of-verge-coins-stolen-lead-developer-blames-coinpouch/
This is debatale, xvg lost a lot of value in the last months. I am not that sold that "sentiment" doesn't care and I think it's prudent to check what a coin is about before investing, especially when your sell date is months and not days.
Yeah sorry raz..i think i could have worded it more eloquently...not sentiment but the waves don't care....cheers friend
https://www.youtube.com/watch?time_continue=80&v=buEXw-mk2Sg
BTFD!!!!!!
Sorry cryptouf, what does BTFD mean?
Buy.
The.
F ***ing.
Dip.
... when the trend is bullish and there is a dip :)
Great video thanks
LADDERING IN BTFD
Haejin could you do one on DASH again I'm not in it, but was wondering if there is still massive profits to be made from it.
It's sure taking its sweet old time! Patience patience...hurry up and wait!
This is why if you're diversified enough, you alway have a pop going on somewhere.
Absolutely. I am well diversified and love watching the popcorn sizzle!
Priceless!
Agreed
"Oh oh oh oh and she's buying a stairway to wealth!"
Wealth...stairway to wealth....:-)
Haejin, I've sent you a couple of donations both in gratitude and in an effort to ask for guidance. Is there another method I should try in an attempt for feedback? Thank you, sir.
Before you ask, yes, I would be happy to show the transaction history, I just wouldn't want to put that out there without permission.
hhahah haejin i love you man i was not sure to buy the dip with other traders recommending it but you convinced me lets do this
@haejin - what are your targets for Verge 5-7 years from now?
I need a coaching session with you @Haejin. Hope to upvote my way into it this week!
keep upvoting!!!
Verge right now has been having some problems with the coinpouch hacked node and all that stuff. But I'm really optimistic about this coin and I really like it a lot!
Is the coinpouch some third party software? Don't they have an Electrum wallet too? I've had trouble downloading the electrum actually. Anybody have suggestions?
There was no hack. Coinpouch left the API open. Use Verge QT wallet. The initial install requires patience.
Ah, great, thanks for the info!
With Verge I am using the electrum wallet over tor... works well and very fast. Must install tor separately. Tor must be running to connect.
Thank you so much Haejin!!! I was waiting for this one.....i invested too much in this coin compared to the rest of my portfolio haha ! Maybe the waiting will be worth it!
Makes me feel good about this coin again.
Will watch the video now ...im excited :-)
Haejin,
Beautiful analysis. This short and long term chart is exactly what we would like to see for Digibyte in video format. Appreciate your time if you get a chance to do that!
Yes please haejin video on dgb progress would be wonderful
Like always Haejin.....your the man!! Thank you soooo much for the analysis. When you have the time can you update Dgb like you did here with Xvg!!!! Thank you again!
Thanks very much Haejin, the chart looks great. I already have a Verge position so I'll see how it plays out and maybe look at taking some profits at 150 satoshis to buy back cheaper.
Do you have any plans to do an analysis on LTC by the way? Looks like it's pushing for new ATHs.
Thank you!
Could you maybe have a look at Bitzeny (ZNY) coin. They saying that it could be higher then the monacoin.
Is it possible to do an analysis on snc? It was in a long hurry up and wait phase. Now it formed a cup (I think the handle is coming. Then possibly a breakout. I think it could be huge! Thank you..
Also I would love to learn from you!
im not sure yet but i think verge moving lool ....would be a nice coincedence!! One hour after update ;-)
Blocknet (BLOCK) looks interesting can't tell
Thanks for making this post, I appreciate it!
Was waiting for it. Thank You very much haejin! Greatly appreciated.
This train is about to leave the station. Found support @63sat, Mining was increased dramatically last days and the whole coin pouch hack thing was to give the coin a last push to the bottom I think. It's the coin for whoever want's te be hidden, and that's a lot of wealthy people.. Get ready!
bought verge. do you plan to hold this coin long term, and where do you store it? i think it's a good privacy coin. i also have a position on cloak with its massive cup handle. deciding between the two
https://vergecurrency.com/langs/en/
can download the wallet to store xvg (dont lose the pw!!)
i hope it's secure. thanks
Thank you Haejin for this. May I ask if you would please post your chart zoomed out so we can see your potential targets for 2018?
(I understand the farther out you go, the less accurate it becomes but it can help nevertheless in testing my longer term price predictions.)
Why are none of these pics clickable. How can I see the price points? What price is 3 what is 4 and 5. Video cuts it off also.
Right click> View image. It opens the link at full size. Then just use your browser back arrow to return to the original post. Sort of clunky, but works.
what about verge/btc ? it wil go up also ?