This is my first TA on XVGBTC, so any feedback is greatly appreciated!
If I'm correct the consolidation should be over and we are now heading towards Pluto.
Handel aktiv
⋅
Confirmed breakout, Houston we have lift off! Adjusted slightly, I was a bit too optimistic.. :)
Handel aktiv
⋅
We are heading to Pluto, target should be round 2000 sats. Could be more depending on Wraith coming out and how much FOMO Verge is creating!
Handel aktiv
⋅
Pattern is returning as you can see too in the volume. NExt wave will be pretty big I reckon! After a little bit more consolidating we will be heading up again with volume increasing, same as happend in the previous wave.
Kommentera
⋅
Things are still looking good, slight change in the C wave, might have ended later as I presumed before. We will be bouncing around the 1000 sats support line for a little while longer before starting up the rocket again! HODL TIGHT everyone, we are just getting started.
Hmmm.. bought 33844 33844 XVG at 56sat. Not sure what after 2000. Hodl or sell ?
Thadaa
⋅
@klimauk, Hodl for sure! We are about to jump up quite a bit. If and when Wraith comes out we might be seeing 3000+ sats easily!
Sparkinflint
⋅
How did you make this chart? TA tools and techniques used?
Thadaa
⋅
@Sparkinflint, I've been messing around with the interactive chart for a few days, did a lot of reading and practicing by myself to understand what makes a chart move and why. For this chart I used the Elliott wave theory, because it seemed most appropriate looking at the bigger picture.
Tools I've used: Pitchfork, trendline, Ghostfeed and Text.
If you look XVG also formed a head and shoulders pattern...
Thadaa
⋅
@ShawnAkers, thanks for the feedback. That's also a way to look at it. Seems like it's moving up from the neckline though so that's why I went for the Elliott wave theory in my TA.
ShawnAkers
⋅
@Thadaa, You bet. I'm hoping it goes for its last run. I have some coin to sell. I think all the negative crap about this coin is going to affect it for a while. I could be wrong.