dRends35

GAFI - "Thank Me Later" ๐Ÿ˜„๐Ÿš€

Long
dRends35 Updated   
GATEIO:GAFIUSDT   GameFi/Tether
Well this is a bit of a funny one ๐Ÿ˜„.

So having been publishing bearish charts for some time in crypto I received a some smug PM's from crypto fanatics, especially near BTC top and they were believing they were geniuses of course and to them I was probably some backwards charting fool, too naรฏve to realise the gains in hodling crypto.

And so in November when GAFI was up at around $200 I receive a pm saying exactly what is on the chart -

"still perma bear?
๐Ÿ˜‰
tip: get long into crypto gaming.
thank me later"

So I replied -

"Tell me any 1 crypto gaming name and we'll see if its higher or lower than here in 1 year?"

And he wrote back -

"GameFi
hear from you in 1 year."

And we did talk more and I wont bore you with too much but he did tell me that "crypto is going to be THE largest asset class in the world in the not too distant future. The END." - so I guess he didn't sell the top...

Anyhow although its still 4 months to go I have actually tried to contact him but received no replies and its surprising considering that GAFI has now lost about 96% since he first contacted me. Perhaps he is a bit sore and no longer has interest in discussing our sp0rting bet.

...

Anyway - some charting:

GAFI has started drifting sideways having almost hit the long term 1:0.618 extension and has hit the reverse 1.618 projection taken from the 2 previous significant pivots.

Now as it drifts sideways there is some clear bullish RSI divergence coming in on the daily candle.

This is an ultra volatile chart and so it comes with high risk but I think that the low should come near these anchoring fibs, and it could drift a bit below but I think the bottom is in or nearly in here.

And this is also in consideration that I think BTC is bottoming in this area. If BTC does plummet then I will have to review the fibs, but I think it all looks good currently.

If it does take off that volatility should continue to the upside.

This coin comes with more risk being so low ranked down at 732.

So I'm buying a small amount here and now 8 months later I'll say - thank you @MrDopeFish ๐Ÿ˜„.

Not advice.

Comment:
Nice little pump today. Its revving up.

Comment:
This is a 1:0.618 here and BTC is looking bearish short term so I've taken some profit and will re-enter lower.

Comment:
Boom! GAFI is wild!

Good chance it pulls back and then I'll re-enter my swing position and just hodl this one. It may not and I'll just accept I partially exited early - no big deal.

Comment:
Up 27% today
Comment:
GAFI looks ready to move up again.

Telegram Trading Group ๐Ÿง

Priority trades, round the clock updates and a 1 hour technical video per week ๐Ÿ˜ผ.

Get the "heads up" at critical moments - don't lose your shirt.

$50 per month ๐Ÿ‘๐Ÿป.

Contact: t.me/dRends35
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.