Byteballs — Trading Ideas on TradingView

$GBYTE swing trade idea $GBYTE bull pennant closing in. IMO it's most likely at the "D" point of the horizontal triangle, so don't be surprised if you enter here if we see a minor dip back to the "E" point before the breakout. I'm always a fan of "E" for entry, though. Byteballs is also at less than 20% of it's all time high in terms of Bitcoin, so I see it having plenty of room to run after breaking out of the current accumulation zone.

GBYTE: Interest Inevitable For a Low Cap Directed Acyclic Graph Mark the date for this coin as 1/26/2018 to 1/30/2018. That's the strike zone left to right, while the strike zone has a low to high of 0.05368BTC to 0.06253332BTC. Swing your bat for a home run in this area. We'll round the bases together. What I see on this chart is strong Resistance (capital 'R') being broken down with each new day. I think that a surge in Bitcoin's price will actually be a boon for this coin. People seem to be hesitant in going long on Bitcoin or any other Generation 1 proof of work coin. This is totally flawed thinking and I am ready to profit from the irrationality or - in other terms wide-reaching speculation - that the value of Bitcoin will fall in terms of new generation, DAC based coins. The preeminent - and lowest market cap by chance - DAC coin on the market is ByteBall. From a fundamental perspective GBYTE is undervalued in terms of IOTA and especially Raiblocks. GYBTE will see a run up in BTC value for the year 2018 as investors research what's the, "next step" for cryptocurrencies. I think this trade has the potential for massive volume and swing trading with current potential being somewhere between the stratosphere and the moon! From a technical analysis standpoint GYBTEBTC is playing well within the lines that I drew using Gann fans and Fib levels from key points on the high-to-low and from 7/77/231 MA crosses on this 4 hour chart. What do these indicators provide as a story? GBYTEBTC broke through long term resistance on its last wave up. Right now this coin is traversing Bitcoin consolidation related price action, being strongly resistant to the recent sell off in a short term supportive trend. Furthermore, there is a point of reckoning approaching in which two resistance lines - one long term and one short term - intersect with strong support at the 0.0603 BTC level on January 28, 2018. This spells a price hike going forward as much more talented & veteran traders than I here on trading view and within my network suggest that Bitcoin will continue to test support in a bearish manner through consolidation at around 7k-10k USD. However, I remain unconcerned with the trash of US Dollars. My driving goal is to ante up bitcoin on the deck to earn more bitcoin and add to a core position of elite coins. GBYTE is one such coin. The reason I do not sell Bitcoin into tether or dollars is because I believe in the project at an emotional level and will use Bitcoin as a method of payment in spite of dollars; this is ideological as I do not support the use of US Dollars for which the world's tax money is used to fund it's interest payment and vampiresque war financing. On the other hand, I am also a believer in this project of Byteball going forward (as I am with Monero, Stratis and in varying degrees Litecoin) with the same commitment to Bitcoin. For these reasons GBYTEBTC is a great asset, not only to profit in terms of Bitcoin, but also as a standalone addition to one's portfolio going forward. This comes from both fundamental market trends with the adoption of DAC based distributed ledger technology and from a current price action technical analysis insight. Many people are now in, "HODL" mode, while I am in buy-buy-buy mode with the instinct that 2018 will be a great year for ByteBall and a few other gems. Disclaimer: I know nothing and I am totally asleep at the wheel as a person. Do not ever think that this is valid or actioinable information that is presented above. Do not act on this information.

BYTEBALLS Next Raiblocks? or IOTA?? 450%Will BYTEBALL's be the next Raiblock or IOTA to BOOM up in price. As we know (Directed Acyclic Graph) coins are all the rage at the moment and BYTEBALLS is one of them relatively flying under the radar. All you need to know about Directed Acyclic Graph lmgtfy.com This idea is not based TA but solely on Fundamentals and Hype. We did get a daily MACD cross BUT the rsi is over cooked. But with HYPE coins TA dosent come into effect once they take off. Im personally waiting for a pull back to .0742100 before opening a long position stop .04138290. This is a risky trade but one im going to take a chance on. The stoploss does allow a lot of "wiggle room" but it is also a 40% plus loss if we get stopped out. Trade at own risk but if this coin takes off in the same direction as iota and raiblocks thats a risk im willing to take. I will increase my stoploss to below the previous swing low as this trade matures.