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XVGBTC

Second 51% attack on VergeBad coin of the day is Verge. Verge went through one more 51% attack! Yesterday, Supranova mining pool, informed its 19,000 Twitter followers that verge was suffering another 51% attack, causing all blocks to be rejected. Same as the April attack, ocminer, admin of Supranova spotted this one. In a post on the Bitcointalk forum, ocminer wrote: “Since nothing really was done about the previous attacks (only a band-aid), the attackers now simply use two algos to fork the chain for their own use and are gaining millions”. The entity responsible is believed to have made $1.7 million already from the attack. Verge community assigned the attacker to “an act of hate” designed to FUD their altcoin. The opposing part of community addresses second hack tot he infamous lack of qualification of the Verge programmers team and poor repair of the previous exploit. The original attack involved exploiting one of the five hashing algorithms verge uses (most cryptocurrencies such as bitcoin only use one). This time around the attacker is believed to have used two algorithms after renting power from a service such as Nicehash and then using it to find all the new blocks. Verge team stays unclear about the situation. Vergecurrency Twit: "It appears some mining pools are under ddos attack, and we are experiencing delay in our blocks, we are working to resolve this." Technicals Price is under 100-days EMA; the bias looks bearish. Yesterday XVGBTC broke below the 0.00006 support, the next supportive level - 0.000005. Breakthrough of the 0.000005 level will decline total April profits.
Short
by DestinationMoonCrypto
One line chart as a pro? What's going on with XVGQuite strange hah? This guy has a pro account and he is only using one vertical line and even publishes it. Is this guy drunk or does he wants to be funny? No, let me explain you; I see a lot of people who are saying XVG is on it's way to 600% profit! Buy it now! Well mate, bullshit. We don't have any confirmations except one false breakout. Maybe from here we are going for a next run but I don't trade maybe. I want to trade with safety and I want you to earn money instead of losing because some big guys are telling you what they are 'thinking'. Obviously on this part I'm not following any people on telegram or TradingView because I really don't like fake graphs, fake info and fake break out. Let's just catch the third wave, you never buy on the lowest point and if you do you'll lose next time. The third wave gives us the possibility to be in profit AND to pick in on the fifth one. Don't buy verge now, just keep it in your sight, we will wait for a confirmation. Use your own experiences, don't follow any big guys because they're big.
X
by n-cageman
1
Bitcoin Update Evening 5/24/2018Good Afternoon, As expected, Bitcoin bounced back from ~$7350 and is now consolidating just at $7500-$7600. This is allowing the Stoch to reset before more downwards movement likely retesting the next major fib level (our lowest point) at $6450. We just bounced off the 0.236 fib level and couldn't even make it to the Span B cloud. There is almost no volume here in the green, and the Stoch is approaching oversold with little price movement. We didn't expand that much on the 4 hr BBands downwards and are not even that far from the median line, suggesting our bearish predictions from the $9000 range are still continuing. The weekly suggests that unless we form a double bottom at $6450 that things will get much much worse. Though everyone used to dismiss ideas of extreme lows, if the double bottom doesn't happen we could see a gradual decrease into those ranges. On smaller timeframes, we hit the top of the Span B cloud resistance on the 30min and are soon to head back down in the coming hours. All the best with your trading! Written by: Philip Raytburg Research Analyst DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
COINBASE:BTCUSD
by EQBM
5
VERGE XVG ON 299% - 799% PROFIT - DEPENDS ON BOUNCE AREA - MVerge has been in drop accumulation phase for some time now. All negativity surrounding it is pure FUD and does no damage to this coin since it's simply following it's natural pattern. Expected returns are huge for this coin, current maximum target for out pattern is 2,400 satoshi, however we can stop lower or higher. Further pattern will become visible as we finish up with this one. Privacy coins will become more popular this year and all 'hacks' with 'attacks' are positive things for such coins since developers can fix this issue sooner before we get higher volumes on it and at which FUD news will actually pull price down by a lot more breaking any pattern. We are currently in a good buy zone with STOP LOSS at support line around 510 if you guys want to play it safe. We are actually having several patterns which are huge possibility of playing out within next few weeks. We have a butterfly pattern which has high probability of being followed. We also have a triangular pattern with high resistance levels when we get around 800 levels which can push it down therefor breaking our butterfly pattern, however I see it break it firmly if our butterfly pattern is followed for next week or two. Other patterns are here as well, but I won't go into them as they all have lesser probability of becoming a reality. My take on this coin is that if you want high rewards with medium risk, then get into it for medium to long term. Bitcoin is playing a key role in this and don't be surprised if we suddenly drop below 510 in case BTC drops to $7,100 levels which is still highly uncertain and probable. In addition if we suddenly start mooning, don't surprised as well after such major price retracement it's also huge possibility. Below is just an earlier chart for Verge we have made a few month back on our last trade. Enjoy this trade my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
Long
by CryptoManiac101
19
XVG's Fall and Rise - Set up for next rallyAfter some classic buy the rumour sell the news action, Verge is in a free fall right now. Look at the bearish Div on RSI and Stoch, the double death cross on the 4h and the extended 5th Wave which usally indicates that the retracement will be very deep. I am not saying that we might have a bounce here and there but the bottom should be around 480-600 Sats where we can expect a rally to around 1100 Sats. Also keep an eye on the RSI where Verge bottomed out before rallies. Up at ~1100 Stats Verge will need to break the Wedge resistance. If it breaks this would be uber bullish and kinda confirms a 3th Wave on the grand cycle. Still I think a consolidation inside the big wedge is more likely before XVG is able to rise to higher highs. Cheers, Barren
XLong
by BarrenWaffe
7
XVG (Verge) Trade Prepare! BULLISH signs in one level!We have a classic price action setup forming! 4 of my favorite price action criteria's in one level zone: 1. Strong support 2. Support crosses with trendline 3. Crossing happens exactly in Fibo 70.5% level 4. And those criteria's supported with EMA&MA200 in this level zone. *5. There we need some bullish price action from candlestick also (Hammer, Morning Star, Railroad Tracks, Engulfing, Tweezer) Keep an eye on it! Please comment and like this if You find it was helpful! Best regards!
Long
by VaidoVeek
1
$XVG-BTC | Is Verge set for a bullish bounce or going to crash? My Assumptions: 1. Bitcoin doesn't do any crazy moves. 2. The Verge team screwed up the chart with the overhyped announcement of the partnership with Pornhub. Some people may have lost their believe in XVG. 3. The spike around the date of the announcement doesn't count. 4. The Fans of Verge are strong hodlers. My Predictions : We're looking at the 4h chart, the yellow trend line is drawn on the daily in log scale and has a lot of touches, so I'm pretty confident with this trend. There are 2 support lines, that form a nice descending triangle with the yellow line. The first (white) is at around 630-640 and seems to be the recent low. But the RSI is not oversold, so we could see a drop below this line if there is a another rejection off the yellow line or if Bitcoin crashes. So the more important support line to watch is the red line at around 615. This one acted as support for a long time during February and aligns perfectly with the 200-day MA. If we break below this support, I expect a big drop. Maybe down to the 500s-area. But I think a bullish breakout is more likely since Verge often bounces up strong from descending triangles . A scenario like on February 15 with a huge bullish engolfing candle after a temporary break below the support line is possible as well. For profits I'm aiming for the 720-750 range, not sure how strong the bullish momentum can be at the moment. We will see what happens first within the next hours! :-) Possible Trades: Buy Zone: 650-620 Sell at T1: ~15% profit What do you guys think about this idea? Sources : Partnership with Pornhub: www.forbes.com None of this is financial advice, of cause. I am just drawing fancy looking lines on my screen.
XLong
by GoldCryptoKnight
1
Verge (XVG) New Updated Entry (250%+ Earnings Potential)Verge (XVG) new entry (buy in range). Verge upcoming events (these are factors that can affect a coins price possitively): - Verge (XVG) - Amsterdam Meetup (9-June). - Verge (XVG) - Verge Social Network Launch (30-June). Verge Trade Analysis by Alan Masters TRADE INSTRUCTIONS Buy in: 0.00000590 - 0.00000710 Verge (XVG) Targets: (1) 0.00000949 (2) 0.00001138 (3) 0.00001272 (4) 0.00001352 (5) 0.00001443 (6) 0.00001631 (7) 0.00001748 (8) 0.00001937 Stop loss: 0.00000450 An Old Friendship, A New Day! Here comes the old, visiting at your home. It comes with a new story, about how to live the present, about how in his past he did wrong. The new day shines and says, that's ok, nothing is wrong. Just keep on focusing on today, the old days are already gone. The old friendship looks stranged, but the feeling can understand. He has already gone through everything, he is ready to accept the change. When the moment of truth comes and the friendship wants to change its name, you just tell him that he is not old... Because he already took the first step... He already started to change! Smile my new friend... This Is A New Day! Namaste.
Long
by AlanSantana
75