SUMMARY
I ask you, at first glance, which chart below is that of XVG/BTC? The very high pattern similarity index is due to uniformity of sentiment across the cryptosphere. It's at times called "All the Same Market" and this can also be seen in the equities market where the charts of the DOW and SPX are almost indistinguishable.
The below is that of XVG/BTC...what a beauty! A Bullish Cup & Handle pattern is a work of art! The cup form and the handle form on XVG/BTC is vintage classic and as price breached out of the handle and subsequently completed multiple waves...the trend is clearly up! Remember ZEN? Consider XVG/BTC following closely on Zen's heels!
Cup & Handles come in varying sizes and shapes, but all are very pretty!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
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If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**