SUMMARY
When both XVG/USD and XVG/BTC display the same bullish pattern, it becomes a confluence of pattern and Elliott Waves and the result is MASSIVE profit potential!
Below is an updated chart and Elliott Waves. First, cryptos just LOVE triangles. When in doubt as to what the pattern might be...you got it, a triangle! This isn't random. It's actually reflection of sentiment on preference. It's no difference than one's preference to help others vs hurting others. I do know one thing, there is no true happiness found in hurting others; especially wen you go out of your way to do so.
The below chart of XVG/USD is quite appealing. The pattern is an a,b,c,d,e triangle and should waves d and e complete, then an impulse breakout should take prices to newer all time highs.
The XVG/BTC is now showing the same waves, a,b,c,d,e within a triangle pattern. Except, instead of being a symmetrical triangle, XVG/BTC prefers a bullis ascending right triangle. This triangle has a horizontal top line and an inclining bottom line for the triangles. If correct, wave 1 should take prices toward 2,553 Satoshi. My prior target of 1,740 Satoshi has been hit and exceeded!!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**