GCRBTC just recently developed a second inverse head and shoulders pattern ~8 after the initial pattern. This is a rare bullish signal, and if BTCUSD drops, this could be the catalyst to the projected 0.00012 BTC. RSI is trending upwards too, and the MACD is signalling a reversal on the 30 minute chart.
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0.00001 seen as reversal. Uptrend in-tact.
BTC is acting with very high volatility. I expect BTC to recover in the short term, however once it hits $20,000~$21,000 USD, it will go lower, much lower (i.e. a correction).
It is a good time to accumulate GCR now for a good 100%~600% profit. Could reach as high as 0.00012.
Sell price targets depend on your entry point.
If you got in around 0.000012~0.00002, then it makes sense to sell around 0.00003 for a 50%~150% gain. But definitely leave some for 0.00007~0.00012.
If you are a bag holder from the 0.00004 level, then it would be good to sell some at 0.00002~0.00003 (about 20%), and then hold until it reaches above 0.00004, as I believe this will happen in due time.
Stop loss - again depends on entry point, but if it goes below 0.00001, it is recommended to cut losses and sell your entire position as recovery will be extremely difficult once it crosses that mark. Good luck!
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*UPDATE* Ascending triangle in full development. Very bullish signal (84.5% statistical success rate). Once it crosses the horizontal resistance line, this will run up big, and I mean that this will be the big spike. Accumulating here makes sense. If you want to make money, you need to take on the risk for the potential huge reward! Risk: 20%; Reward: 50%~600%. Always make sure, don't risk more than what you can lose. Good luck!
TA dont work anymore against BTC; all predictions/TA's the past two days have not been in any way useful or accurate whatsoever; manipulation in place?
SeleCTCapital
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@SteliosTheodorou, Hmm TA does work with cryptocurrencies. They behave like stocks. For example, BTC is doing what NVDA did. Huge, relentless bull run, except BTC is a bit more volatile when it pulls back.
Trust me, TA works, you just need to know when to enter/exit at the right times as soon as you see the first signal and it gets fulfilled. Reaction time is v. important in TA.
Stelios83
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@lantus91, Noted; Thanks for the comments. Very helpful!
BAHUBALI001
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is it the perfect time to buy?
SeleCTCapital
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@BAHUBALI001, Yes, it seems like 0.00001 was the reversal point. Uptrend is now in-tact. This means we can expect a much larger run in the next 10 days (usually 2 weeks after the initial spike). The initial spike was on 12/5/17. So if the uptrend is in-tact, we could see a much larger spike by 12/19/17. Please watch the past chart history pattern. In May 2017 and September 2016, the same pattern happened, except the initial spike this time was larger. And there were always approximately 14 days between the initial smaller spike and the main spike.
SteliosTheodorou
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@lantus91, well spotted! I hope you're right on the money!
TCAKAL
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is there any update? to the moon is continue? or mission is aborted?
SeleCTCapital
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@TCAKAL, It will continue unless 0.00001 support is gone.
Look at my other comment regarding the charts in May 2017 and September 2016. They were preceded by a small spike up, similar to what we had a few days ago, then followed by the big main spike. They always occurred within 2 weeks after the small initial spike.
TCAKAL
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@lantus91, thanks
Bullion_Money
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Is there a update. We are below the head. Big pump and dump