- Break in market structure
- .705 retracement
- Pivot level retest
3 factors for a nice 3.5 R/R setup right here, with a stop below previous low, worth playing with decent risk management.
Original idea by Svarog
I post analysis about GOBTC very frequently.
This time it's not the bullish prediction like many time before.
In my mind GOBTC will rise in very short term again to its previous ATH at approx. 1270 sats and will bounce down to break down from it's ascending wedge formation.
You can see 3 targets for this short in my chart.
This is not bad for us......
are you ready for the next quicky?
GOBTC is forming a falling wedge again, it's about to move perfectly.
Let's buy again after touching support at 1150 sats.
Target is 1250 sats. = 8,6% Profit
Duration: 8 Hours
be fast, be furious!
GO have seen a very nice correction, been going sideways for quite a few days while other coins got some attention!
But i think the time for GO is very soon! We find ourselves in a flat corrective wave which just completed!
I expect us to start making moves to the upside soon! 3hr 4hr and 6hr very oversold with a lot of strength still in the market!
BITTREX:GOBTC is situating into an Ascending Channel (Bearish Pattern) where they can touch once again the support of this channel which is 38.2 fib at 962 sats
Second target 840 sats which is fib 0.5 and the last is 0.618 fib which is 778 sats
RSI is overbought because is above 70
Stoch also in overbought zone this will come down
You can put your buy...
GO/BTC is supported now by with a trendline in an uptrend and is forming a rising wedge with the horizontal line at aprox. 1086 sats.
It looks like it will break out. If 1086 sats will be broken, we'll go up to 1150 sats and later to our previous ATH.
STOCH/RSI shows an upward movement.
This is 15 min-chart = very short term, so the duration.
I wanted to post this one earlier which could have helped better probably, but I was too busy trading this myself.
There was an interesting rally going on with Ravencoin (RVN), which gained (and still has) unbelievable volume and dito... FOMO.
A few coins were trying to catch up, but only GO had the right set-up.. not too nice, but doable for a 'cup and...
"recently announced that it has extended its features to the Microsoft Azure platform. The move is meant to facilitate businesses that want to deploy their own blockchain networks within this ecosystem. The GoChain network is designed to accommodate creation of personal blockchain platforms in the easiest way possible.
Small enterprises can leverage GoChain for...
**STOP** UNDER 478
- 100 MA resistance broken
- MACD bullish
- trendline broken
**as always this isn't financial advice , always do your own research before investing **
The last BTC fall seems to correlate well with a C in the ABC correction Gochain have had after rising from 350 to 1100 sats in the span of 2 weeks. With several new listings and a Binance listing coming up soon, we may see 4000 sats before a new correction of the 5 wave structure.