there's a saying in investing "investing is about moving money from the impatient to the patient". STOP BEING IMPATIENT!
Let's get a few things straight. 1. We had a failed breakout sequence. What does that mean? NOTHING. It's the market telling us that it needs more time. Hence the triangle expands slightly. 2. We're looking at an ABC corrective sequence now. 3. MY targets are still pretty much the same.
Side note: My speculation was that the last breakout was due to market manipulation (caused by news, announcements, promotion etc.). This driving force causes a sort of temporary imbalance in the overall natural growth of a given market. Infact, if you look before the breakout of the failed wave, you can see that verge was trading at almost the same range at what it is now. It can be said that it is now continuing to finish off its last spell of corrective sequence (which it was initially).
I am studying/working on a few more coins to update you guys on. I'll upload if people wish to see more. It takes time to do these and I want to make sure I am providing people will the best results possible.
Donate if you like my work and I will keep updating: Verge Wallet: DLpqiricBRkcomEDrxxt1pZZXuJFXmhhsb BTC Wallet: 1PJE2EaMaWisxj1DGBueyRjfEw7moexDyt
Trade ist aktiv
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So far things running their coarse as aforementioned.
Everything you just said about patience is the #1 thing I've learned from crypto. Good words!
ilyes1505
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thx for sharing ! Do you think it can breakout directly from B ? whithout going down to C ?
FelixFezno
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@ilyes1505, outcomes can be numerous when studying waves! however, we have to narrow them down to the 'MOST likely to occur' ones and sometimes choose the best one!
TobiasSombrowski
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Wasnt it Warren Buffet? Its simply true! 100% of my impatiet trading acts costed money, Verge is still in the area where Pump 'N' Dump is interesting for the manipulators, they use small news and fake an enromous bullrun, to sell down all the way what they bought cheap before. Verge was always missused for this. The next run will be real. (!?)
FelixFezno
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@TobiasSombrowski, patience is key. if verge was pumping profits every other day, everyone in this world would be a millionaire and no other coin would exist. you have to let things run their natural coarse. it's a true game of patience and discipline that separates the weak hands from the strong.
lykimthanh
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With crackdown in Asian Exchange money flow, I think we're shooting to wave 3 next week
netrin
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@lykimthanh, You're suggesting that altcoins will rise with trouble in the SK market? That seems counter-intuitive to me, but I don't know enough about it... Any more info on that?