New market cycles just begin. Don't let those corrections make You wrong.
There is huge possibility that We enter bull market in alts again. IMO the price could retrace a bit to broken resistance, so 1. Entry : 3920 - 4000 sat 2. Stop loss : under 4000 sat 3. Take profit : 11300 sat (near 300% earnings)
Falling wedge pattern says 11.300 target, but we will track it day by day.
GNT is a safe investment - this supercomputer cannot be DDOS'ed, 300 bilion market cap and very low price. BARGAIN MODE. Buy while cheap.
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Here is 1hr time frame look on the price. Even if We slip on 3900-4000 sat area that's fine, good deal.
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Price is coiling in our desired area
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As We filled up some orders near 4k sat, We chill out and drink beer.
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Red line will resist the price a little.
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Pure bullmarket
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HOLD or stop loss. Still it is good trade,even if You are sitting on a 20% loss. I would not advice You to sell now.
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major sell off could indicate reversal
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+ Anchor on support
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back on track. Lets check if 4k sat level is able to hold.
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30 min time frame chart. Doji with decent volume. Short term bullish signal.
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Is there more room for growth?
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Long term breakout
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New entry update based on EMA 12 on 1D time frame.
Trade closed: stop reached
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Holding alts is risky due to whole crypto collapse
Was promising but now back dropping hard. Hope to see end in sight!
pinfkloyd
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@Arneverboom,
As I said, returning to support is possible. You also should had stop loss to prevent succesful trade. I was afk for a few days and I couldn't warn You before that.
You're right this was really promising, but this is markets nature. We are looking for another entry level, all for all We changed trend since breaking through.
@pinfkloyd, What do you think about GNT/BTC now? Thank you.
pinfkloyd
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@AlexVerkhov, Hi ! I see there nice floor formed at 2500 sat. but no sign of strenght there. Still You need to be prepared for BTC dropping that could devaluate most of alt coins. If You play BTC long term, buying GNT could be good choice for short term - We can see it bottoming deeply. I would not expect strong uptrend, but single shot with ~20% profit with very tight stop loss would be highly possible in coming couple of days.
TheAlchemist888
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What if they keep going sideways?
pinfkloyd
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@AltugOzturk,
Buy some coins. Not all in. Track the price by putting stop loss described above. Be patient and don't expect 1 green candle to 11.300 sat.
As I wrote, They could anchor on support once again, be ready for that.
Tighten stop loss as long as You are on win trade. I will update this idea quite often. In case of major changes You will receive decent signal.
If the price breaks down below support, this idea should be cancelled.