I think we are about to embark upon Wave 3.
I find this completely intriguing. Historic macro long-term chart. Thoughts?
I see some people who do not turn on the log setting on their trend-based fib extension analyses. This is with it on. Is this correct? I particularly like the .618 is basically hovering around Verge's ATH. I also see interesting fractals (colored ovals). Comments would be greatly appreciated. Thanks!
Looks like a falling wedge to me. ::shrug::
What do you see? What do you think? Inquiring minds want to know.
Questions for you expert chartistas: 1. Does it appear XVGUSD breathes on a 224 day cycle? The 2018 bear market completing a supercycle of sorts consisting of three 224 day cycles. Interestingly, the same goes for the genesis of XVG on Bittrex up until the end of the bull market. 2. I played with the Fib Time Zones so that there is some kind of correlation...
Self-explanatory. What do you think? Yay? Nay? Does history repeat? Is this a rhyme?
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory: Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1 I would like to hear your thoughts, comments, suggestions, etc.. and...
I am fascinated by EW but I am no expert....or am I? Care to share your long term EW analyses on low caps like $HOT, $XVG, $NPXS, $BTT, etc..?
Just looking at the historic $XVGBTC chart. I find it quite intriguing.
I never really played with the fib time tool but on my first try, lines seem to line up? Time predictions can be quite elusive but this is hopium until it is not.
Is #altseason on the horizon?
Red line is the long term trend line. Green lines show a potential bitcoin consolidation triangle. Is this the sideways action needed for alt season?
I haven't done this in a while so decided to fool around a bit given recent bullish indicators all across crypto. Has anyone else put together a chart like this? Seems we have just 3 or so resistance lines before the next ATH . $1+ doesn't seem all to unreasonable. Any comments? I'm open to suggestions/pointers. I would also like to ask those Elliot Wavers here...
After looking at other TA on here for $XVGUSD, I thought I would combine the best elements I found into an updated chart including elliot waves. It seems we may have bottomed at a penny and now on wave 5! I wonder what the potential is for such a rise upward. Can we even get an extended 5? Verge is on the mark.
Decided to tackle $XVGBTC this time. I like long term projections in case you may not have noticed. I'm more of a macro kinda guy. If history repeats itself and we have another 5000% explosion (maybe soon, just look at the chart), are we headed to 14-18,000 satoshis?