jdharward

Updated wave count for XVG Verge

BITTREX:XVGBTC   Verge / Bitcoin
If my ABC correction count is correct and it's an ABC and NOT a 5 impulse wave down, then 600 sats was the end of wave C and we bounced pretty hard off the .5 fib line (1115 sats) and dropped down to .382 (900 sats).

If the count is correct, then we are just starting wave 3 of this short-term impulse all though I am concerned by the shortness of wave 2. Its possible we could correct down a bit lower before taking off in earnest for wave 3.

TP 1 1900 sat (End of shorter wave 3 take profit)
TP 2 3200 Sat (End of wave 5, take profit) -- This is the end of the larger wave 3.

TP3 From there, in the bigger picture we should begin wave 4 down, probably down to around 2000 sats before wave 5 begins and takes Verge to 5000-5177 sats.

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