The double bottom pattern entails two low points forming near a similar horizontal price level and signifies a potential bullish reversal signal. A measured strengthening in price will occur between the two low points showing some support at the price lows.
This chart shows fantastic opportunity of a Double Bottom forming at the very Strong Support Line. Zooming...
Investing/Trading is a Zero-Sum Game and based on the greater fools theory if you are not buying dividends. You buy because you seek a profit,** just like the person who sold the stock to you** - the equity stock market and the real world are not correlated to each other but a believed correlation there of.
Once understood, there is more value in...
There is a wedge formation on GVT/BTC on crypto pair.
Possible retest of the level is expected.
However price may increase without any retests, but do not forget that it is trend against trade.
So follow the chart and look for the best price to enter.
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234 days cup pattern length
The price is moving well along the trend line and the cup handle is forming
In daily timeframe, if the price above 2542 Satoshi stabilizes, you can expect as much profit as the depth of the cup.
Put it on the watch list
In weekly timeframe, but 50 times profit is waiting for this currency
I am opening a new trade next to QuarkChain.. another sleeping giant with expected big moves. GenesisVision is lately getting popular with proper trading of digital assets platform , low supply, and clear roadmap May to release new features with expanding liquidation options.
Currently we follow two lines which are still active since 3 years. If you have doubt,...
GVT had conquered the 1600sts and ready to move up to 2000sts or even 3000sts but 2000sts is a very strong resistance so we need to pay attention to this zone
-Buy: 1560-1640sts. SL B
-Sell: 1950-2050sts. SL A
-Sell: 2850-3000sts. SL A
-Sell: 1560-1640sts if B. SL A
-Buy: 1170-1230sts. SL B
🕯Timeframe : 1 Day
📈Red Arrow : Main...
This Rounded Bottom (RB) or Cup & Handle (C&H) is closing it's parabolic ascending curve approx. on the 25,530 satoshi price level before April 11th. All indicators on this 4-hour chart are bullish as the tags read. Depth of the cup from top to bottom yielded +530% profit which should equal for a measured move of the same characteristics.
Brief summary on...