ArShevelev

Verge vs. Bitcoin Strategy for January

Long
ArShevelev Updated   
BITTREX:XVGBTC   Verge / Bitcoin
XVGBTC Price formed triangle
Buy on support line, sell on resistance.

I got Two Entry price and Two Target for this Setup:

  • Entry for XVGBTC: 1000

Target: 1456 (46%)

-

Entry for XVGBTC after Triangle Breakout: 1500

Target: 2811 (90%)
Trade active:
Moving to the first entry
Trade active:
XVG Verge near entry 1000
Comment:
if price break down triangle it will retrace to lower support levels
Trade active
Comment:
We touched support line of triangle, no we waiting for bounce, good time to pick up some verges.
Comment:
Looks like we going to break support in next few hours. Support zone is 600 - 850
Trade active:
Good action near support line. i buy small bag now
Trade active:
We can see Pullback from support level. If your have bought at 1000 your Target: 1456 (46%)
Anyway, you can join now to get target 1.
Use capital management.
Trade active
Trade active:
Trade still active until support line isn't broken.
Trade active
Trade closed: stop reached:
Breaking Support line
Trade active:
Support line holding a price!
I will open a trade using 25%!
Trade active:
Targets active!
Target 1: 1356

Entry for XVGBTC after Triangle Breakout: 1400
Target 2: 2811 (90%)
Trade active:
Breakout Signal!
Trade closed: target reached:
Target 1 DONE!
Target 2 active
Comment:
If line 8/1 will be broken it's safe to enter for second target
Comment:
when the price is above the 8/1 line, then this will mean a move towards the target
Comment:
If you have XVGs, be ready at any moment
Comment:
It still can't break 8/1 Gann resistance line
Comment:
bounced from the support

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