GO/BTC (Key Support Breakdown?)💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain starting to break its Key Swing Low support at the 70s sat
-This is quite Bearish if the 3D candle closes below
-As a reminder, it is not a good time holding on to your position
-Because the market structure is about to be invalidated
-And new price discovery will occur below 70 sats
-So please, follow your stop loss or reduce position size
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Gobinance
GO/BTC (Retest Major Support Area)BINANCE: GOBTC
-GoChain is rejected again by the strong trendline resistance
-It will likely to retest the major support area at 97 sat
-This level must hold in the short term to provide us a better market view
-And, GoChain must breakout Bullish above the trendline resistance
-With good volume in the next 2-4 weeks if things become stable
-For now, this is a wait and see the game but if you are a support buyer
-The retest of major support is your opportunity with a tight stop loss below
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Please Exercise Risk Management
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GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!
Patience is Key!
Enter aggressive now at bottom of triangle, or enter breakout, or enter retest..
Lots of support for every risk tolerance..
Trade safe my friends...
BINANCE:GOBTC
GO/BTC (Back @ Previous Key Support)GO/BTC
-GoChain is back at the previous key support area
-This zone has been tested twice in the past
-We can see multiple Bullish rejections in this zone
-and If history will repeat its self
-There is a chance the price will reverse back up to 150-200 sat
-But keep an eye of the descending trendline resistance
-This will be a major level needs to break in the midterm
GO/BTC (Key Support @ 80-72 sat)GO/BTC
-The bearish H&S pattern is confirmed after the breakdown of neckline
-If the downtrend will continue, the next key support is somewhere 80-72 sat
-Buyers are looking at this zone for potential strong bounce reaction
-This will likely give an over 20% relief rally in short term
-I suggest to enable your Alerts if incase the price reached that level
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.
GO/BTC TA Update (1 More Leg Up?)GO/BTC
GO made another Higher High after breaking the previous top at 240 sats area. But the RSI is not showing any good sign but instead,
it is painting a bearish sign or uptrend exhaustion. If GO bounce off key support area but failed to break the High at 298 sats.
We will be expecting a 1st Low High which could signal a potential reversal in the mid-term.
GO/BTC TA Update (Continue Uptrend?)GO/BTC
We can see EMAs cross on the Daily Time-frame signaling a change in short term momentum to the upside.
GO may have ended the deeper pullback after breaking the red color downward trend-line a few days ago.
Now that the GO is looking bullish again, It hasn't retested the key support area enough,
we could expect some minor pullback to 180 - 170 regions if GO is unable to break the previous High.
GOBTC formed bullish Gartley | Upto 28% bullish movePriceline of GoChain / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000191 to 0.00000177
Sell between: 0.00000201 to 0.00000227
Regards,
Atif Akbar (moon333)
GOBTC formed bullish BAT a good long opportunityPriceline of GoChain / Bitcoin has formed a bullish BAT pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss, in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000121 to 0.00000119
Sell between: 0.00000123 to 0.00000128
Regards,
Atif Akbar (moon333)
Little Bit Too Late on $GO but It's Quite TemptingLGO is quite new listing on Binance, when this one actually i'm looking for bottom and probably missed that moment about 10% of it. Even so, my target 556 is on play, but looking forward for second entry if this view is quite too fast.
No Fomo in this zone, don't go all in, it's already pumped but even not a violent one, you can always wait to get things cheaper.
Next buy zone would be on green box and the next entry will be assessed later ya.
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