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Genesisvisionbitcoin

Zoom out to $GVT shorter term setup against $BTC pairHere we see a first zoom out on the 1D chart for Genesis Visions' coin $GVT against $BTC pair. This idea involves the closing of the rising parabola of a rounded bottom approximately 230 bars wide and with a 90% initial yield from the bottom to the top. 69% yield left as price action continues to hug the curve. Approximately 11 days left for the closing of this Rounded Bottom pattern. Subsequent growth very possible for an additional measured move of another 90%.
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by AponSOKS1978
GVT - Possibility of Stagnation Until JuneI should have posted this idea a while ago, because it's been weeks since I thought GVT would stagnate for a while. I've been neutral to bearish on this coin for a bit. Why? 1) No U.S. customers yet 2) Manager platform not quite as exciting as people expected 3) Another major company called Genesis Global Trading that already exists, and has existed for a while. A little too similar. Every rally has been immediately sold - just look at that rejection from the other day. Really ugly. I've been out of position for a while. HOWEVER, that's not to say that GVT can't succeed. If we break 13000 with conviction, it might be safe to say that the consolidation period has ended. We'd then also need to tackle the pink triangle resistance, which will be pretty hard to break. For these reasons, I see GVT as more of a trading/selling coin (for now). We are currently moving in a very slow uptrend on the blue support I outlined in my previous GVT charts as a likely bounce area (when I called the last 50% move up). Currently, traders are buying close to that area and selling when we get to 12000-13000. That's just how it is. We may be range bound for quite a while - until June, when our large triangle ends, and we can MAYBE expect some positive price action. If we get some positive news before then and we break 13000 I will reassess. Trade setups: BUY if we break and hold 13000. Waiting is probably a good idea, based on how this coin has behaved whenever it has a rally. SELL if we break below the blue trendline, as that will indicate a major technical failure, and GVT will have to find a lower support level before recovering. Most likely in the 5000-6000 area. This is not financial advice. This is my opinion based on what I've been seeing with this coin. What you do with your own money is up to you. -Victor Cobra
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by VictorCobra
There is a possibility for the beginning of an uptrend in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0009950 to 0.0008200). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0009950) Ending of entry zone (0.0008200) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0012950 TP2= @ 0.0014560 TP3= @ 0.0015620 TP4= @ 0.0017740 TP5= @ 0.0019910 TP6= @ 0.0024260 TP7= @ 0.0028610 TP8= @ 0.0034830 TP9= @ 0.0042700 TP10= Free
GLong
by ForecastCity
1
A trading opportunity to buy in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 42. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0009000 to 0.0006500). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0009000) Ending of entry zone (0.0006500) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0011100 TP2= @ 0.0014560 TP3= @ 0.0019910 TP4= @ 0.0024260 TP5= @ 0.0028610 TP6= @ 0.0034830 TP7= @ 0.0042700 TP8= Free
GLong
by ForecastCity
There is a trading opportunity to buy in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0004800 to 0.0005860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0004800) Ending of entry zone (0.0005860) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0011090 TP2= @ 0.0014560 TP3= @ 0.0019910 TP4= @ 0.0024260 TP5= @ 0.0028610 TP6= @ 0.0034830 TP7= @ 0.0042700 TP8= Free
GLong
by ForecastCity
There is a trading opportunity to buy in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0004800 to 0.0005860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0004800) Ending of entry zone (0.0005860) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0011090 TP2= @ 0.0014560 TP3= @ 0.0019910 TP4= @ 0.0024260 TP5= @ 0.0028610 TP6= @ 0.0034830 TP7= @ 0.0042700 TP8= Free
GLong
by ForecastCity
There is a trading opportunity to buy in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0004800 to 0.0005860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0004800) Ending of entry zone (0.0005860) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0011090 TP2= @ 0.0014560 TP3= @ 0.0019910 TP4= @ 0.0024260 TP5= @ 0.0028610 TP6= @ 0.0034830 TP7= @ 0.0042700 TP8= Free
GLong
by ForecastCity
There is a trading opportunity to buy in GVTBTCTechnical analysis: . GenesisVision/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0004800 to 0.0005860). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0004800) Ending of entry zone (0.0005860) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0011090 TP2= @ 0.0014560 TP3= @ 0.0019910 TP4= @ 0.0024260 TP5= @ 0.0028610 TP6= @ 0.0034830 TP7= @ 0.0042700 TP8= Free
GLong
by ForecastCity