The price of Gold has been riding the orbit of my green fib circle upward until making contact with the light blue fib circle which is acting as resistance.
If we follow this trend we will have a short term sharp downward move before riding the green orbit back upwards!
This is the chart showing Goldcoin the night before the ticker change from GLD to GLC. Years in the making!
If you have 1 BTC you will get 1 GLC.
Here is the link to the reverse hard fork and goldcoin whitepaper . www.goldcoin.org
Chart shows Goldcoin (current GLD) since the announcement in December.
I believe that what we see over the...
If history repeats itself, then it is imminent that GLDBTC touching its recent High at 0.000035 BTC around January 2019 as analyzed in the chart. RSI values also stand as a confirmation for the above projected movement.
Nevertheless there is a lot potential for the price to decline by almost 10x to 0.0000035 following the touch at 0.000035 BTC if price conforms...
Isn't this so pretty? I chose the 6 Day because it's the prettiest!
(Unlike most alts I've watched rise, I saw no selling aside from the normal here and there. Looks like 8 Million bought up in 2 Days and most of it seemed to be authentic buying)
GOLDCOIN IS NOT BITCOIN, NOT BITCOIN GOLD, NOT GOLD -
GoldCoin is one of the oldest cryptocurrencies in the market...
GLDBTC Is moving up strong with good volume. Highest volume since August.
We do not have an open trade for GoldCoin but you might be holding and looking for targets to sell.
On the chart above, you can see the different resistance levels, you can use those to sell for profits.
After each target is hit, you can expect a retrace.
GLD is looking good for a bull run. It formed a kinda pennant/ascending triangle pattern and is breaking out into the 1D cloud. Our target can be determined using the top of the cloud and the retracement from the previous ATH for around 4k.
A closer look on the ascending triangle also reveals a nice double bottom / W pattern which supports this breakout even further.
Goldcoin is giving signals of a decent run! Keep an eye on breaking the wedges! Entry on break-out advised! Or on a pullback, and wait for stable entry! We are far from the bottom! GLD is especially looking bullish on weekly! Which is a very good sign!
I was told to look at this coin by a friend who has been holding for long, he saw the breakout and needed sell targets. After analyzing the coin, I see that it meets our expectations. Bottomed out, breakout confirmed, and basically the only way to go it has, is UP!
So.... LET'S TRADE!
Buy in: 1000 - 1400 satoshis
Stop loss: 687...
I'm a private forex, gold and crypto trader and this idea is about what I trust see in few days, weeks or one month...
Here I have special points for trading. Check, use and earn with me. (y)
Trading idea and analyse from trader Nika Lekishvili
www.tradingview.com ~ My Channel