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fishsticks101
May 1, 2018 12:28 AM

GTO/BTC - - - 30% PROFIT POTENTIAL Short

Description

BUY IN: 0.00004500 - 0.00005000
SELL OUT: 0.00006000

FALL LOGIC
∎ GTO falls to its support level around 0.00004500 - 0.00005000
We can tell this from:
- High divergence on the Bollinger Bands,
- A high oversold reading on the RSI
- A TBC or Three Black Crows candlestick pattern (initial quick decline to previous support line)

RISE LOGIC
∎ GTO then begins to rise to its next support level at 0.00006200 but we want to sell before that!
We can tell this from:
- A TBC or Three Black Crows candlestick pattern (although this signals the initial decline to the previous support line, it also signals bearish reversal at after that point)
- A Ichimoku Cloud cross-point from red to green (not shown on this chart because it would look too messy, but feel free to check your own chart for this cross-point)

Comment

If for some reason you haven't sold this coin when it reached the SELL OUT zone, then sell it right now for sure. I'm seeing a double top reversal pattern and this signals a bearish slope down to the beginning of the "M" shape likely around 0.00004000.
Comments
UnknownUnicorn1382647
looks like we are just going up from here
fishsticks101
@simplyeric, Interesting, I'm going to have to tweak my analysis method cause this is the second time this has happened.
UnknownUnicorn1382647
@fishsticks101, no worries, this is all a learning process, and it's crypto :/
fishsticks101
@simplyeric, Well hey my new TRIG/BTC analysis seems to be proving correct :)
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