XVG 5th Wave incoming!

BITTREX:XVGBTC   Verge / Bitcoin
1083 4
Verge has found its support line after the huge drop post wraith protocol nonsense. We can see a classic Elliot Wave formation. Squeeze Momentum is increasing on the negative side meaning a positive movement is coming after a period of negative volatility . Additionally we see the moving average catching up to the price. All signs are bullish! Ride the 5th wave long and hard.
jordymcnab mrtgkr72
@mrtgkr72, I would rather read why YOU think its wrong. The same wave correlates on the 1 day charts. The initial wave 12-13 to 12-24 (1st wave) followed by a drop 12-25 to 12-28 (2nd wave) then an increase 12-28 to 12-31 (3rd wave which can be the shortest) and then 1-01 to 1-03 we get a second drop (4th wave). All you got left is the 5th wave. The above chart is the 1 hour chart zoomed out to get a better picture but irregardless that is an Elliot Wave.
"On a smaller scale, within each of the impulsive waves, five waves can again be found. In this smaller pattern, the same pattern repeats itself ad infinitum. These ever-smaller patterns are labeled as different wave degrees in the Elliott Wave Principle."
wraith protocol nonsense was purely Marketing disaster - coders were doing their jobs, but there were no official marketing group to present everything correctly.

Now the marketing seems works and the real move due to Wraith Protokol comes.
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