GAME/BTC bullish triangle. It seems like bullish Triangle Fomration is being formed in GameCredits.
Upper resistance at 2640 sat. And another 200dMA resistance area (I dont know where it will be exactly on the breakout day) slightly above.
Target at around 3500 - 3600 sat.
IF the lower support line of this formation will be broken, then that idea failed and is no longer valid.
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I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only.
GAME
BTC-GAME GameCredits- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2014 ( 7 / 10 )
Volume 24 H : 17 BTC ( 2 / 10 )
Available Markets* ( 4 / 10 )
Social Media Rate ( 7 / 10 )
Ranks **323 ( 4 / 10 )
Website ( 4 / 10 )
Type Payment solutions built by game developer
Overall ( 5 /10 )
It looks like if found the bottom. Otherwise, IT WILL GONE forever!!!
98% down from June 2017 ! That's crazy. I remember Game's ATH like it was yesterday. Everyone was talking about this coin with Stratis / LBRY.
The coin is still alive. And, I am holding some Game Credits. Recently the volume is increasing for Game. It is a bullish sign. I Recommend you to get some with a stop loss order ( 10 % )
Users should migrate off of this web wallet immediately by sending coins from their web wallets to any of the following wallets: Coinomi, GameCredits-Core (QT), or Electrum (see below). Do not keep coins on exchanges for extended periods of time
medium.com
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
All looks Good! Keep it simple.If the next candle (Day) turns out Green ABC will fly high upto 300-400 dollars
Wait for the signal !
Enjoy profitable trades :)
Remember , for validity there has to be a Green Candle (Day chart)
or else new pattern will follow.
Good luck
"Invest at your Risk"
GameCredits (GAME) and the Rise of Gaming Industry in blockchainThe gaming industry has been growing at a very rapid rate in the recent years. Now, with the blockchain technology being widely adopted, gaming might take quite a different shape.
In the near future we might see more and more games on the blockchain, making them more accessible, flexible, faster and cheaper and profitable for gamers.
Some of the potential benefits are:
1. Ability to purchase games with cryptocurrency.
2. Having the Digital ID and settings, that can be used across multiple games.
3. Buy and sell virtual good for cryptocurrency
4. Run games on a blockchain, without having to install it on your computer.
and the list goes on…
One of the coins that trying to be a player in the blockchain gaming industry is GameCredits (GAME) - a blockchain-based digital currency widely used by the gaming community.
Obviously, the gaming industry is just at the very early stage of “migration” into the blockchain. As the technology is getting more and more adopted by big players, price of gaming related tokes could have a very strong increase in rice over the long-term.
Looking at GAME/BTC, it is currently trading at 2624 satoshis, which is almost the same price as exactly 3 years ago. GAME produced an all time high back in June 2017, when it reached btc 0.002. Considering the price at the all-time high and the recent low at 2400 sats, GAME lost to Bitcoin over 98%!
Truly a huge drop in price, but it actually might be a signal on a very strong recovery. The price is very low even in relation to the total coin supply. During the past 3 months, GAME/BTC has found a strong support at 2500 satoshis level, which has been rejected 3 times. RSI has formed abolish divergence and the action has started.
On the 23rd of September, under the heavy trade volume, price broke above the downtrend. Simultaneously, RSI oscillator uptrend trendline was rejected, while the descending channel broken. Possibly, these are signals of a trend reversal?
Of course there is such probability, yet the risk of buying GAME at this stage is very high, but the rewards is also high. If current support will continue to hold, price might start moving up towards the strong resistance at btc 0.0002. Not only this is a 38.2% Fibonacci retracement level, but also a price level where the GAME was traded with the high volume and finally, it is a round number, which is a psychological level of resistance. Therefore, this could be a 700% potential gain overall.
On the other hand, if the support is broken, more range trading could take place. Price might even decline further, down to the 1.272% Fibonacci support at 172 satoshis. RSI break below the uptrend trendline, might be the way to recognize the downtrend continuation.
As the last point, GAME/BTC has recently retraced down to the Fib support that has been rejected along with the uptrend trendline. Is it a reversal?
GAMEBTC - Risky but It could be profitableFirstly , i would like to remind that every investiment got its risks and you have to be ready to lose what you invest, so, I highly suggest manage correctly your bank balance. On this case, i wanted to comment this before since this coin got some fundamentals problems which has capitulate this coin to the lows. You can find more information about it in best crypto forums.
4HOUR CHART
GAME has been pretty stable even with pump/dump Bitcoin prive movements.
While candles stays above blue moving average you will be safe. So, you can put your SL below this MA
DAILY CHART
RSI downtrend has been broken and it started to move up
CCI turned into green and bloody downtrend seems finished.
The bad thing is how this coin is being rejected by the red moving average. If this coin dont break the new trendline drawed it probably could stay above it on a bullish signal.
Broken trendline on the downside, means you have to cut loss,leave and wait
Conclusion :
My personal short/long term targets are drawed in the boxes.....But on this case, im not giving any fixed signal in there since you have to stay looking at different facts and how this coin continue performing. If this coin finally solve its big fundamental problems thats could be a very good chance. However still being a very risky asset to invest if you are long-term player
Good luck
PD: ( I had to upload this idea again because Tradeview deleted it, sorry)
GAME long with S/R lvlsLooks like we are getting close to bottom area, there is divergence on 4 hr so might be worth to give this area a bit of a try.
Am not completely confident that this is the bottom looking at higher time-frames, so I would be leaving most of position to either add on in lower box, or to add on pullback if we bounce.
GAME-USD This looks like a nice profit machine IMOHi everyone,
I stepped back in this coin yesterday at $ 1.03. This is a coin that like to make violent moves in either direction. Not for the faint a hart but you got to risk it for the biscuit.
Don't follow. Make your own TA and risk evaluation. I love this one!
( •_º )
GAME weekly chart: Blockchaining the gaming industry [BTFD]GameCredits
VERY good potential for a x5/6 Hodl here
we all know the gaming industry will undergo big changes and like most other industries blockchains will vital to future growth in this sector
filling bags as near to the red basline as poss
more info:
gamecredits.com
coinsutra.com
What are GameCredits?
GameCredits (GAME) is a digital currency based on blockchain. Its purpose is to become the universal currency for 2.6 billion gamers worldwide, to empower game developers both big and small in order to further grow the 100 billion dollar gaming industry, and to accelerate the wide adoption of decentralized cryptocurrencies as a better alternative to government-issued fiats.
– GameCredits
A new trading opportunity to buy in GameCredits ...Technical analysis:
. GAMECREDITS/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.35 to 0.97). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (1.35)
. Ending of entry zone (0.97)
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 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= @ 1.94
TP2= @ 2.40
TP3= @ 2.85
TP4= @ 3.29
TP5= @ 4.73
TP6= @ 7.06
TP7= Free
A new trading opportunity to buy in GameCredits ...Technical analysis:
. GAMECREDITS/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.35 to 0.97). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (1.35)
. Ending of entry zone (0.97)
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 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= @ 1.94
TP2= @ 2.40
TP3= @ 2.85
TP4= @ 3.29
TP5= @ 4.73
TP6= @ 7.06
TP7= Free
$GAMECREDITS Market Cycle Welcome back Friends and Foes
(We dont discriminate)...
...Except maybe Bcash Fan Boys... ;)
Today the coin of choice is the mighty GameCredits!
I chose this coin because I noticed a solid long term market cycle playing out.
Prices have now landed on trending support not once but, on two separate occasions. The second of which came after a major breakout of descending resistance.
This indicates that a new emotional market cycle will arise in the old ones place. Only, this one will be far greater!
Accumulate while prices are cheap!
Buys on the trend line are the safest way to trade market cycles :)
See Ya'll on the Moon. :)
God Bless, JolleyCrypto
GAME/BTC FLAG FORMATION AND TREND CONTINUATIONGAME/BTC FLAG FORMATION AND TREND CONTINUATION
If you have shares:
- sell if you have not been knocked out within 4 weeks of the start of the formation
- sell if there was a distinct increase in volume during the movement that did not lead to the breakout
- sell if the break has not occurred within 3 weeks of the beginning of the formation and the
volume does not behave perfectly according to the theory
- if it breaks down, sell it immediately
If you do not have shares:
- buy after the formation formation with a good rotation volume system, not waiting for the upward break (if you sold earlier - when you reach the formation, buy even at higher prices)
GAME/BTC - Leaving long term down trendGamecredits is slowly developing, team is delivering, accumulation time last long enough already - we are seeing long term break setup. Game is ready to rise!
GameCredits VS Bitcoin Upside PotentialGameCredits has found the support at 88.6% Fibonacci retracement level, that is 14k satoshis. The support has been rejected several times on a daily time-frame, followed by the move higher and break above the 50 Moving Average.
Currently the Moving Average is acting as the support and this could be the starting point for the uptrend continuation. The key resistance is seen at 55k satoshis area, that is confirmed by two Fibs.
Although the consolidation could take place now, the uptrend seem to be in place and should continue shortly, but only break and close below 13k satoshis support could invalidate bullish outlook.
GAME (GAME) - BITCOIN (BTC): POTANTIAL PROFIT 570%Let's start:
Assumptions:
- All informatin is processed in the prices
- rates are moving in trends
- history repeats it's self
1 week chart:
When i opened the 1 week i draw a cup and saw that the handle was forming. That is an Bullis Sign, what made it verry interisting for me to study.. Handle means downwards.. So, that means the daily chart must be BEARISH for the coming days??
For now let's check the indicators first before we go to the daily charts..
MACD: Bullish and have a lot of room to continue the growth
RSI: In the neutral zone, have lot of room to growth
DMI:Positive (Short term crossed the long term line and ADX turning upside!)
WMA: Positive, candlestiscks are upside the WMA line
Looks verry Bullish for the coming months!!
Now we are zooming in the daily chart.. We saw that we are in the handle phase, sow that means that we nead a bearish sign for the coming day(s)..
As we can see it is getting downwards (no panic, we were waiting for this)
MACD: Bearish
RSI: In the neutral zone
DMI:Bearish
WMA: Bearish, candlestiscks are downside the WMA line
Buy: 35000 - 45000
T1: 51402
T2: 83559
T3: 106145
T4: 128731
T5: 156677
T6: 201850
STOP LOSS: 30000
Summary:
As we expected this coin is getting down, to finish the handle.. If the handle is complete we will see an reversal sign with an long greend candle.. I am waiting for this candle.. If u need more confirmation for the bullish signs, then u can also wait for the next signs:
RSI falls around 40 points and then will go upwards, MACD short (blue) will cross long (orange) upwards around the 0 point (middle line). The DMI gives a sign when a new trend comes. If the short (blue) line crosses the long line (orange) and the ADX line will go upwards (red line), then we have a sign of Bullis trend.
Have fun!
RULES:
1. always take full responsibility for the results yourself;
2. spread the risks, because spreading is making happy;
3. develop an investment method that is SMART;
4. develop its own vision on the functioning of the financial markets;