How far will it fall this time?After finding more gold than has been recorded to date, how low will gold sink?
President Vladimir Putin said that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency.
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” the member states are also developing reliable alternative mechanisms for international payments.
Why is this happening? The dollar has long been seen as the world's reserve currency, but its dominance in share of international currency reserves is waning. Central banks are looking to diversify their holdings into currencies like the yuan, as well as into non-traditional areas like the the Swedish krona and the South Korean won, according to the International Monetary Fund.
"This is a move to address the perceived US-hegemony of the IMF," ING's global head of markets Chris Turner said in a note.
It will allow BRICS to build their own sphere of influence and unit of currency within that sphere.
Globalcurrencyreserve
GCR/BTC Posibble 300% Gain (HIGH RISK )buy in range 0.0000300-350
sell in target :
1. 0.0000600
2. 0.0000900
3. 0.0001200
4. moon
why i say gcr will be moon soon ? because all market already dip but gcr really super DIP because will be delist soon from bittrex remaining 6 days. i have look good news from petition www.ipetitions.com
its still a lot of people support gcr 3.45% cancel delist, not only that..
gcr its low volume market its easy to pumping up to 300% shortly
signal for risky trader, dont trade own risk
GCR/BTC Possible 300% Gain (HIGH RISK )buy in range 0.0000300-350
sell in target :
1. 0.0000600
2. 0.0000900
3. 0.0001200
4. moon
why i say gcr will moon soon ? because all market already dip but gcr really super DIP because will be delist soon from bittrex remaining 6 days.
but i have look good news from petition www.ipetitions.com
its still a lot of people support gcr cancel delist, not only that..
gcr its low volume market its easy to pumping up to 300% shortly
signal for risky trader, dont trade own risk
Global Currency Reserve VS Bitcoin Has PotentialGCR Coin found the support at 550 satoshi and then broke above the 200 Moving Average reaching 4580 satoshi level. Price then corrected back sharply and tested 1250 satoshi support for two times, failing to break below. The following wave up resulted in the rejection of the downtrend trendline and price yet again moved down, and currently is testing 200 Moving Average.
At this point picture remains unclear as for GCR/BTC to move higher it must break the downtrend trendline. At the same time, GCR is very close to the support where buyers could start coming in pushing price higher. While currently, GCR remains a risky coin to purchase it could reward aggressive investors in the short to medium term. But to stay conservative perhaps it is better to wait for the trendline breakout.
The upside target and first strong resistance is seen at 6640 satoshi, where two Fibonacci retracement levels are inline with each other. First is 50% retracement and second is 161.8% Fibs applied to the corrective wave down after the breakout of 200 MA. Only break and close below 500 satoshi could invalidate bullish outlook.
Global Currency Reserve | FREE Coin Swap | 400%+ PotentialTrade Details
This is could be anywhere from a short-long hold. It all depends on when the news comes out for coinxion (more on this below).
I really like the chart for this coin. The Fibonnaci channel seems to characterize the price movements very well. We're a little higher up in the channel than I would like to be, but with the way that the alt market has been performing, and with the above news looming, this is not something I would want to be left out of.
Market cap is only a mere $42 million, so tons of room for growth!
Entries: 2.6k, orders at 2.3k, 2k. Enter up to 3k
Targets: 3.4k, 4.5k, 5.6k, 13.2k, 17k
Stop Loss: 1.8k
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Fundamentals
GCR is an interesting coin because it was essentially abandoned by the developers, and then picked up by the community.
The coin is essentially hard forking to coinxion by allowing people to participate in a coin swap of 1:1.
This has been in the works for over a year now.
It seems the team behind this is estimating completion of this in Q1 2018 (0 - 3 months from now).
Coinxion looks promising to me because there will be an ecommerce platform for it to be used in as soon as it is released.
There's also a whitepaper and roadmap pending release as well.
All these items are known to cause tons of positive price action!
In addition to all of this, the team seems confident in being able to peg the price of this coin to a gram of gold -0.03% -0.35% (~$40).
I'm not sure how solid this plan is, but if true we could be looking at a 100x from our entry above!
Even if this idea flops, though, the above events are enough for me to want a piece of the action.
If you do your own research (as you ALWAYS should), you'll notice the team isn't very good at communicating all of this. This is GREAT for us because it means coin value is not where it should be.
Once these releases come closer I expect big upsides. Good luck!
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As always, please feel free to ask me any questions you have. Always willing to have discussions with new and experienced people alike!
GCR/BTC Price analysis for next weekGCR can go up next days. We have seen 2 waves last 6 days.
Buy it now in a dip: 2400-2500
Target 1 : 2876
Target 2 : 3168
Profits: ~30% or more
Risk: 10% (Use SL because of BTC bull runs)
StopLoss: 1951
Global Currency Reserve (GCR)GCR looks very promising now, It has been following this pattern for about 2 years. If it repeats we should be able to gain around 430% from current price.
Entry @ 2600
Target: 14700
GlobalCurrencyReserve (GCR/BTC) - Buy opportunity for 700% gain!Hi all!
I want to thank a friend who PMed me to ask about this coin!
I took a look and sure enough, there is great potential!
This is a weekly chart. Each candle stick represents a week.
This idea is based on chart patterns and some indicators.
Indicators:
- Trading above EMA50 and MA50 on daily chart, we are in an UPTREND.
- RSI supports upward movement and has room for growth.
- MACD shows positive movement.
Entry: ~ up to 3000
Target: 14000!!!
**Note: this target is not based on fib. levels and is purely estimated from chart patterns.
Here is what I am going to do: Invest a small portion of my portfolio and leave it for 1~2 weeks. If it goes well, this will be an insane ride. For me, it is worth the risk!
Good luck to all!
And hopefully, this becomes a HUGE win!
GlobalCurrencyReserve Rejecting Support and Breaking HigherGCR has finally managed to break above the triangle pattern after rejecting the $0.165 support and the 200 Moving Average. A break above the $0.25 resistance supporting the idea that the price could go much higher.
Based on the triangle pattern target, the move up after triangle breakout should be the same as the prior correction from $0.55 down to $0.16, which is $0.37. Therefore the upside target is seen at $0.63. Only a break and close below the $0.145, where the Moving Average was rejected, could invalidate bullish outlook