XVGBTC formed bearish divergance on 4h and with high probability finished Major W1 run aiming lower for A-B-C correction (W2) I´m selling 50% here at this range of 1300 and in case it will go higher up to 1500 small portions all the way up and reloading 1K down to (expecting 600/700)
(Not a financial advice)
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Bearish divergence extended on Daily
Trade closed: target reached
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Target 1000 satoshi reached I loaded back what I sold and for the profit I will keep buying all the way down.
Trade closed: target reached
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After hitting CUMULATION area and buying back. I was lucky to "SELL THE NEWS" spike and I sold 60% of bag again at the run from 1050 up to 1450. Now looking to RELOAD in the area under 800sat the previous hold positions and profit is going into BTG, ARN,ETC right now :)
More limit buys triggered during night. Adding manually more now and all the way down with bull divergence & RSI squeeze XVG could soon be ready to go for W3
i completely agree that its the first huge wave. missed it but i expect to take profit in wave 3. i think the retracement level may not be in fibo 0.618. For the first EW fibo 0.38 may be more proper. good work...
majorlee
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we still rocking on this one?
Fetanipa
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@majorlee, I'll just tag the man for ya, @orbsatchel , I'd like to know as well.
majorlee
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@Fetanipa, +1 buddy thanks, the tag would help man :)
@majorlee, Yeah, thanks mate. I actually confused who was the OP here ;)
orbsatchel
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@Fetanipa, for me this has to hold to hold the 50 period moving average ( the flatter of the 20 and 50) which at right around 680 on XVG on the daily. On the 4hr chart we are failing UNDER the the 20 period moving average which signifies bear market. A break in the 680 level for me could mean 657 next and so on. For me this is a no go until proven bull is back. For me this could be a great bounce play but I have moved on the coins that have bottomed and will make same move XVG did a few weeks ago. The purple circle on the left is the type of FOMO rip you might see. For me I would buy on the circle on the right on in huge volume but that is the way I do it everyone is different. Resistance and long term trend pops when 20 and 50 cross bullishly is a good set up some times.
orbsatchel
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@orbsatchel, But then again I look for bargains and sometimes miss out because I would rather buy cheap, volume fixes that problem and I can dive in.