jodahy

GCR

Long
BITTREX:GCRBTC   None
GCR daily ichimoku plot. Price above daily cloud with recent bullish TK cross. Chikou still in cloud. Thin bullish leading cloud. Now above the 50 ema as well (lot not shown). Upsloping support over the past 2 weeks despite BTC fluctuations. Lots of room to run on the daily ichimoku plot.
Trade active: This image is back to the 1H plot. Seeing breakout of the triangle.

Comments

Hi, i'm newbie, wanna ask you about this coin, in your opinion, is it will gonna have big pump? in your prediction, when it will happen? what's the target? thanks
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jodahy parisian788
@parisian788,

Still a newb myself. First crypto purchase back in June, but reading a lot and posting here for two reasons: get feedback and as a record to review past trades/setups. I have no idea as to when or even if it will pump. Nothing is certain in this crypto space. As for target, I looked for past horizontal resistance zones. Notable recent ones are around 2100 and near the ATH around 4000. There is no single right answer as far as planning targets, but I'll probably set sells to take some profit around 2100, hope for some sells around 4000, and keep some of the bag in case it goes higher.

As for targets, if you use the ichimoku indicator system, that can give you some ideas for areas of resistance that can serve as good areas to take partial profits. Sometimes just looking at the chart with all indicators turned off lets you get the clearest pictures of resistance zones to watch for.

Cheers
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@jodahy, what do you think with this one:
Reply
jodahy parisian788
@parisian788, The periodic pumps caught my attention - I think you did well to pick up on that too. I liked the volume spike with the recent increase in price - historically it's more volume than before. Given the bullish bias of alts in general, it makes me optimistic. Its market cap is only about $25 million, so it has rom for price expansion for sure. Its PoW phase is done, so it's a strictly PoS coin now, so I don't think the circulating number of coins will increase much or rapidly. However, BTC could go up, down, or sideways from here, so that will have an impact. If you open a trade have a stop set, or be willing to hold the bag for a while if it dips. If you do end up holding it for a while, look at downloading the wallet, since it's PoS now.
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