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Gochainbitcoin

#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
GLong
by OguzhanSengor
#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk.. I wish you all the best..
GLong
by OguzhanSengor
Gochain bottom in? Next big leg up awaits us?- Price seems to be trading deep within a falling wedge (bullish pattern). - Trading just above horizontal support area and exactly on the 100 daily EMA support - 100 daily EMA was the bottom during the previous large correction down to 145. - We've had 2 quick wicks through the ichimoku cloud, but are trading within the cloud, which should act as support. - The fact that we see 2 wicks this sieze in a row shows that buyers are very eager to step in at the levels below us. - Tenkan-sen (blue line) is still above the Kiju-sen (red) which is a bullish signal - The bounce from 178 satoshi was exactly the .786 fibbonnaci measured from the bottom to top of the last rally (145-299). - RSI bounced from the bottom of a falling wedge and is forming a hidden bullish divergence, which is only negated if we drop below 145. Besides this TA, Gochain is launching Arabian Bourse exchange and payment solutions in Q1, which is ending in the coming weeks.
GLong
by Nick010
GOBTC formed bullish Shark | Upto 21% bullish move expectedPriceline of world's 151th largest cryptocurrency out of more than 2300 crypto tokens GoChain (GO) has formed bullish Shark pattern and entered in potential reversal zone. This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone. Let’s have a look on the dimensions of GO price action's moves: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move. As per Fibonacci sequence method we can set our targets as below for mid term trade: Buy between: 0.00000248 to 0.00000235 Sell between: 0.00000259 to 0.00000285 So this very short term 2hr based chart trade has potential to give upto 21% bullish move. Regards, Atif Akbar (moon333) The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
GLong
by moon333
Gochain coiling up for next move upAfter an explosive move up Go has seen about a 20% retrace from the local top of 285 satoshi. Since the start of the move, GO has been respecting an upsloping diagonal trendline. GO now seems to be coiling up in a squeeze, getting ready for it's next move. GO is currently sitting quite literally on a cloud of support with the upsloping trendline, horizontal support and the ichimoku cloud coming together on the 1h. Additionally, the oscillators such as the Stochastic RSI seem to be ready to roll.
GLong
by Nick010
3
Gochain Symmetrical Triangle breakout to 323 by mid JanuarySymmetrical triangle rules 1. Tends to breakout in the direction of the trend (up). 2. Triangles perform best post breakout when they appear at the start of trends. (uptrend started October 26). 3. Bullish breakout tends to occur before 73% of the triangle is completed (January 13). Besides this we can see the oscillators such as the MACD picking up steem on the Daily time frame. Target Breakout target 323. Before we breakout, we might see a low of 159. This is where the .5 fib retracement from the ATL and the .65 fib retracement from the start of the triangle coincide with the triangle support. Apart from this TA, GO is a project which has recently bottomed out, has a very small market cap of around 10 million and is doing fantastic FA wise with many different partnerships such as the UAE government, HBK, Dish Network and many more.
GLong
by Nick010