AbdorhmanThi
Panjang

XVG: Downside Correction

BITTREX:XVGBTC   Verge / Bitcoin
Market is in consolidation 70% of the time. The 30% that it isnt, you see a big run up. XVG reached a psychological level at 30 cent/2000Sat. Therefore I see it cutting down 40-60% of its climb. Late comers are buying XVG thinking it will keep going up without a correction. These are the losers of the trades. I expect XVG to go back to previous resistance to test whether this climb was healthy or not. After that I believe XVG will make its way to 50 cent. What are your thoughts?

Trade with care.
I bought at 0.21 and thankfully was able to sell at 0.20 with no major losses. but I'm waiting for an entry point at the best, when do you think entry point is before it bounces up high again? Thanks
Balas
I SET STOP LOSE ON 1250 AND SELL IT ANY HOPE TO BUY IT AGIN ? ON 1250?
Balas
Good point,
Balas
you see 5$ in 2018?
you see 10$ in 2018?

whats your target price in 6 month?
Balas
AbdorhmanThi ricoemme84
@ricoemme84, If new money keeps coming. I don't see why not. But with current cap. 80 cent is more reasonable.
Balas
I think the pull back won't be that severe as the momentum and lack of better low priced choices to move into. A lot of BTC $ went in last couple of days and they are lookin good and more secure in a highly liquid coin that is holding well against the pull backs in BTC. Thanks, Blessings and Merry Christmas- Happy Holidays to all. Dg
Balas
@davearss, We will see. My ideas change as market move forward and give new clues.
Balas
HEY MAN, KEEP IN MIND WE ARE COMING UP ON THE WRAITH PROTOCOL ON THE 31ST, THIS WILL BE BIG FOR THE COIN AS FAR AS MEDIA COVERAGE AND THE OVERALL TRUST IN THE COIN. BE READY FOR EITHER WAY! MERRY XMAS, HOPE EVERYONE MAKES LOTS OF MONEY! 2018 WILL BE BIG :)
Balas
AbdorhmanThi eyan72293
@eyan72293, If that's the case, then buy the rumor, sell the news.
Balas
are we following the chart right now?
Balas
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