Verge / BitcoinLong
-VERGE OF GLORY-
Updated
**DISCLAIMER: IF YOU DIDN’T READ MY LAST POST, READ THAT NOW BEFORE GOING INTO THIS.**
Alright here’s the deal. I mapped this out the day I made my last post but decided to wait till I was slightly more confident in this, and looks like it is headed towards that direction.
I wanted to share my thoughts on the last post so everyone understood the market better before I posted this and not RELY on a possible projection. But this is the most sensible outcome to me at THIS TIME.
The time-frames are not important in this count.
***THIS IS A MEDIUM-TERM COUNT, I AM NOT GOING TO COUNT EACH SUB-WAVE IN THIS CONDITION. USE CAUTION***
Therefore, if I am right, this will take us all the way to mid March (less or more).
BUT. If you can hang on tight for slightly longer, the fruit will be very tasteful after the climb (as you can see).
Alright here’s the deal. I mapped this out the day I made my last post but decided to wait till I was slightly more confident in this, and looks like it is headed towards that direction.
I wanted to share my thoughts on the last post so everyone understood the market better before I posted this and not RELY on a possible projection. But this is the most sensible outcome to me at THIS TIME.
The time-frames are not important in this count.
***THIS IS A MEDIUM-TERM COUNT, I AM NOT GOING TO COUNT EACH SUB-WAVE IN THIS CONDITION. USE CAUTION***
Therefore, if I am right, this will take us all the way to mid March (less or more).
BUT. If you can hang on tight for slightly longer, the fruit will be very tasteful after the climb (as you can see).
Note
Positives: 1.We see steady growth today. MACD signalling good momentum in each subwave (1 min/5min/30 min chart).
2. We've got a break from the 'pump and dump' stage and looking at a steady ascending formation in each sub wave (still very early to confirm though).
Negatives:
Look out for 'bull-traps'. During this stage we are prone to many. Not just for verge, but we saw them in many other coins in the last week. Use caution when trading, as even the best indicators can give false hope.
Disclaimer
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