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GAMEBTC

1D and 4H Game analysis, short expectedIt's been a while since I've posted my last analysis - procrastination sucks, unfortunately WoW does not even after so many years. Since I'm a gamer, something like Gamecredits immediately catch up my attention. And here we are again on some nice price levels to pick up some Game. According to 1D chart, we are still in uptrend and the price just erased the huge move from 0.001146. This was my first level to buy Game. If you hesitate, this is pretty good price (not for those who sell houses, or take loans to buy crypto, not yet). Looking on 4H graph I'm more bearish at this time. Even with my blindness to chart patterns I'm able to recognize potencial Head and Shoulders and the neckline is what makes me think, we can visit lower prices. Tested so many times and still holds (for some people the more times price level was tested the weaker the level is, when I was testing one forex service the #1 rule was "trade only the first test of price level" - find for yourself). My final analysis: There are no more any robust rotations on 4H not even on 1D timeframe on the way to 0.000764. The only thing which can play a role from the price chart is 1D swing low at 0.001005, after that the way is open to 0.000764. Right now I'm bearish - you can see every expected move in the picture. Green arrows are the ones I believe a little bit more. Since I'm not daytrading cryptos I'm waiting to buy at 0.001005 few Game and 2-3x more at approximately 0.000764 maybe little bit sooner since the 1D trendline can reverse the price move before testing 0.000764.
GShort
by RomcaFX