![](https://steemitimages.com/DQmWsocc8wutwsWvJXRmpXfD6Ma1to9XR5yyaBJrs8t1oFS/image.png)

WEDGE HOLDS - SUPPORT TREND LINE ESTABLISHED Long Term Bias (6+ months) - Bullish Medium Term Bias (4-14 Days) - Neutral to Bearish Short Term Bias (2-3) - Neutral to Bearish Long Term Target Prediction By 2019 - $0.30 / 0.00003500 Satoshi, Up to 600%

https://youtu.be/2-zDbnJQbQc Firstly to correlate similarities to OmiseGo, we can see OMG form the same type of pattern, where it broke out to fairly exact 1:1 extension target 1, and 1:161.8 extension target 2. ![](https://steemitimages.com/DQmX547SBV7cmSQKH8BtapCv9MJqENYCA3oLynanYbeFwLH/image.png) We also see similarities in other coins like IOTA. Here is IOTA during its wave 2 consolidation under $0.40 range before the massive breakout. ![](https://steemitimages.com/DQmbeL9xMvbWkM4CYi8KZpDEPpSFEiM35XtSbDvwTNW9xZU/image.png) Then we know the rest with IOTA after breaking out. ![](https://steemitimages.com/DQmbE53JMFFeQhEmf8XHBFG2jSUEHL4352nUYfroE32AJdK/image.png)

We ask ourselves, can another chart that looks similar do the same?

Since BTC corrected to the $7,900 yesterday, we saw XVG form a bottom right along the trend line support, which now forms a beautiful falling wedge pattern. ![](https://steemitimages.com/DQmabuVASJcYkqugCVqfpV8j3S4L7gAXUKQ3Jhjxr7N6co9/image.png) Using a fib extension target of 1:1.618, there is a potential 600% play long term. ![](https://steemitimages.com/DQmNhu6NhvJvZc5vRmUKH9ZY4jB797zXwUAUrYYn11Km6KJ/image.png) https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk.gif

Always be cautious, take high probability trades, plan entries and exits, stick to high reward low risk R:R setups. Good luck traders

Tutorial Series

[Lesson 1 - Bitfinex Tutorial - How to Customize and Set Up Bitfinex](https://steemit.com/bitfinex/@philakonecrypto/bitfinex-how-to-customer-and-set-up-bitfinex) [Lesson 2 - How to Analyze Candlesticks Charts with Strategy](https://steemit.com/reading/@philakonecrypto/tutorial-part-2-how-to-analyze-candlesticks-charts-with-strategy) [Lesson 3 - Moving Averages](https://steemit.com/trading/@philakonecrypto/video-tutorial-series-to-help-beginners-let-s-learn-moving-averages-like-a-boss) [Lesson 4 - Relative Strength Index RSI with Advanced Strategy](https://steemit.com/bitcoin/@philakonecrypto/tutorial-series-video-4-let-s-learn-relative-strength-index-rsi-with-advanced-strategy) [Lesson 5 - MACD and Histogram](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-5-let-s-learn-macd-and-historgram) [Lesson 6 - Margin Trading Long, Short, Leveraging](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-6-let-s-learn-margin-trading-long-short-leveraging) [Lesson 7 - Basic Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-7-let-s-learn-basic-risk-management) [Lesson 8 - Fibonacci Retracement Part 1](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-8-let-s-learn-fibonacci-retracement-part-1) [Lesson 9 - Fibonacci Extension Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-9-let-s-learn-fibonacci-extension-part-2) [Lesson 10 - Laddering](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-10-introduction-to-laddering) [Lesson 11 - How To Interpret Time Frames](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-11-let-s-learn-time-frames) [Lesson 12 - Swing Trading Advanced 55 EMA Strategy](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy) [Lesson 13 - Introduction To Elliot Wave Theory](https://steemit.com/bitcoin/@philakonecrypto/lesson-12-let-s-learn-advanced-55-ema-strategy) [Lesson 14 - Using a Basic Excel Tracker for Risk Management](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-using-a-basic-excel-tracker-for-risk-management) [Lesson 15 - Tutorial Part 15 Automatic Stop Sell/Buy Executions](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions) [Lesson 16 - Tutorial Part 16 - Advanced 55 EMA Strategy with Time Frames and MACD Part 2](https://steemit.com/bitcoin/@philakonecrypto/tutorial-part-14-automatic-stop-sell-buy-executions) Twitter - https://twitter.com/PhilakoneCrypto Youtube - https://www.youtube.com/user/philakone1

If I've helped you, consider buying Luna and myself a beer

BTC address: 1PruhmsYXU2gPkNw574xZSMyBG4YW5Wnq9 Ethereum: 0x2538b728f9682fc1dc2e7db8129730f661753850 LTC: LPeaZpGiF3XdCw5XPN7LXztDagTEZAMgYd Bitcoin Cash: 1AY2FPANCe5URB71Nvy6tkCgoTS8iHgmZD The ultimate goal is to help the crypto community because I think there's a lack of these type of videos. I want to share everything I've learned because knowledge is only power if passed on. These are educational videos intended to teach how to think through thought-out rationalization. DISCLAIMER: Legal stuff here. I'm not financial advisor. This is just my opinion that I'm sharing with the community. All information is for yours to process how you wish.