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Gobtc

gochain (GO) binance"recently announced that it has extended its features to the Microsoft Azure platform. The move is meant to facilitate businesses that want to deploy their own blockchain networks within this ecosystem. The GoChain network is designed to accommodate creation of personal blockchain platforms in the easiest way possible. Small enterprises can leverage GoChain for DApps building & smart contract creation. The competitive edge for using GoChain in such tech developments is its network’s security & reliable nature. At the moment, GoChain boasts of being amongst a few decentralized projects that have secured a private listing within Azure’s market." source: bitcoinexchangeguide.com
GLong
by The_Bitmex_Scalper
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. If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
GLong
by blockchaindedi
4
BTC - MUST RETURN TO THE MEANUNPRECEDENTED - on the 1d chart the 50 EMA and the 100 have crossed over, this has not happened for an extremely long time. This could potentially be the indication of a prolonged bear market setting in. But in the mean time there is still some price action to be had. Will we have a long bear market? I predict some high volatility sideways trading (great for traders) over the next month or so but not anything like in 2013. Although this EMA cross over is huge news. BTC is currently sitting just above the 200 EMA on the 1d chart, and below the 50 and 100. On the 4h BTC is trading way below all 3 EMAs. BTC has it's RSI on the oversold side currently sitting at around 40 ish. MACD has crossed over bullish on the 4h and is looking for separation. In a previous post I predicted BTC would break down from a bear flag that had formed and it did - it almost met my target and bounced right off my purple box. It seems we are trading on simple formations for the time being and BTC is now forming what appears to be a small bull flag. RSI and MACD both indicate that this flag could come to realisation - volume is steadily decreasing as traders step aside and algos knock out anyone trading on leverage. We could potentially see a break up in the next few hours. By the looks of the flag on the chart BTC should at least break up to around the 10200 mark but if it were to want to come back above it's EMAs on the 1d then it would have to at least make it above 10,5k. A reversal to the mean is in order. I fully expect BTC to come back up to the zone indicated by the green box on the chart. If you don't like high risk trades now might be a good time to be sitting in cash, and if you've bought the bottom at my purple box then good job sit tight. BTC will face some major resistance around the 10k level and the 10,2k level, which historically have shown themselves to be extremely reactive - orange dotted lines. I have readjusted the channel and still see BTC on a general upwards trend but much less steep than I had previously anticipated. This is healthier. The only thing which could potentially change the charts and or targets are influence by Mt. Gox sell offs, but to be honest this is mostly FUD and psychology which causes the crashed in the grand scheme of things BTC will do what it wants. The blue line and red line on the chart are downward trend-lines. BTC has shown itself to be extremely reactive to these. The blue one is relevant to a linear chart - shown - and the red one is relevant to a logarithmic chart. Both of these lines have an effect on the price - there must be a slight division/anticipation psychologically, a lot of people will watch one or the other and some both - so these are bound to have an effect. This is of course not financial advice and you should do your own analysis. Best of luck! X
BITSTAMP:BTCUSDLong
by dereckmezquita
3
BTC chose the ELLIOT WAVE!Hey everyone, I previously pointed out that BTC has a choice to make. Either a triangle formation where it would consolidate or an Elliot wave upwards! It seems that it finally chose the wave. It has now closed above the channel for the FIRST time since the all time high! Some other analyst might say this is our second or even third breach. I think things are not as black and white and we have to really get above and far from the channel for it to be official. I've readjusted the wave and moved out the fib levels to the right. So far it's looking good, the rocket's got enough fuel to get us to at least 12 or 12,1k. There are of course two levels of major resistance before getting there. The 11,2 and the 11,8k onwards as we approach the round number of 12k! Round numbers are incredibly important in crypto. Retail investors seem to respect them to the T! The RSI is starting to get closer and closer to the 70 level. As it gets there our rocket will start to slow down, and eventually correct for the 3 - 4 corrective wave before going back up. The MACD is looking for positive separation. Targets remain the same. Short term we should get to around 13k BTC and then we will reassess any possible patterns or formations at that later stage. BTC is having a hard time climbing! False breakout? Real breakout? Let's watch and see! Finally some market sentiment! PEOPLE ARE TIRED OF A BEAR MARKET! THEY ARE TIRED OF BEING DOWN! Will we go on to an extended bear market? NO! Watch these addresses, rich list. bitinfocharts.com They are buying. Governments all good news so far! Arizona pay taxes in crypto, GEORGIA is next! www.coindesk.com Also watch how one of my previous charts plays out. IT IS A LONG TERM PLAY! Where are we going? UP! BULL RUN? Hmm maybe up and slightly sideways I would say, but then after than summer time maybe even spring! UP UP UP! This is of course not financial advice please do your own research. Wish you the best of luck! X
BITSTAMP:BTCUSDLong
by dereckmezquita
BTC a choice! ELLIOT vs TRIANGLEI recently posted a chart that considered the possibility of an Eliot wave formation which could drive the price up. I've now updated the chart adding a few key features. A downward channel was added demonstrated in blue. This downward channel coincides perfectly with multiple breakout rejections and is in play right now. The first wave starting at around 9k was rejected at the 11k level which coincides with a previously demonstrated level of resistance/support. It is important to note that this is also a major psychological barrier and may not be broken easily for now. The MACD is starting to roll downwards and as the lines kiss we will see a downwards movement of the price action. Volume is tapering off as uncertainty sets in and traders step of to the sides to watch the next moves. RSI is also on the way down - this is where one of two scenarios come into play. We will either have an Eliot wave or a triangle pattern form. For the Eliot wave to take place there would need to be strong support found at around the 10k level. Now if this support is not found then in my mind we will instead form a triangle pattern which in and of itself is not a negative play - it could eventually result in a breakout to the upside. We would have to reevaluate the situation at the given time. However, the triangle play would seem to show great support at the 9,6k level at which there are a few different points of support which seem to all agree at this level; there is: the 0,38 fib level, a previous line of support/resistance, and of course our posited triangle formation. When do we know which of the two formations will take effect? Look out for the 10k level at around the 1-2 of March. If support is found then the possibility of an Eliot wave taking over is greatly improved. However, we must still look out for the 10,7k level which will challenge the downward trend. I will buy if support is found on the 10k and then proceed to set tight stops to prevent loss. As I said in my last chart: Get ready to fomo guys in the short term we are going up!"" In my mind BTC has suffered for far too long and there is too much big money invested. As I pointed out in my - CALM DOWN BTC: - chart BTC is going to go back up longterm. Even take a look at the rich list and observe their movements, what are they doing? They are accumulating. Even just 16ftSEQ4ctQFDtVZiUBusQUjRrGhM3JYwe live.blockcypher.com ...for example. This guy had previously purchased around 400 million dollars worth of BTC. Then dumped around 3000 coins for short term profit. He went from around 60k coins to 96k then dumped around 3k bringing the total down to around 93k and now where is his worth? 99k that's right he's playing with us! These people are accumulating! Take a look at some of these other addresses. bitinfocharts.com Whichever of these scenarios takes place my stance on BTC is bullish! If it goes the Elliot route - UP! If triangle watch for the breakout - UP! HERE COMES THE FOMO! This is of course not financial advice and I am not a financial advisor. Best of luck, X
BITSTAMP:BTCUSDLong
by dereckmezquita
CALM DOWN BTCEveryone needs to calm down, BTC is not crashing again. The correction is over, we are now on the upswing. Why can I say this? Well it's been about a month no scratch that even more than a month since the all time high. Look at the indicators MACD, RSI, both in the neutral zone, recovering! And just take a step back click log, put on heiken ashi, change to the weekly chart, and you'll see that the bottom was confirmed, we are now changing directions and the momentum is UP! Why did we go down from around 12k to 9,8k? Well now that we are in the higher levels price will vary a great amount more. Bitcoin is no longer priced in the 10$ levels, nor the 100$ levels nor even the 1000$ levels. Now we are in the 10 000$ levels, price swings of around 1k or more are natural and normal. People keep losing their panties whenever we dip. You know who's not losing their panties? These guys : bitinfocharts.com Sure they might sell of a bit for short term profit. But what do they do? They buy the dip, why? Because Bitcoin is BETTER than GOLD! It's one of the most scarce resources in the world! With real world utility. Try moving 10 000 000$ from one bank account to another bank account which you both own in the same country and the same state. PAIN IN THE ARSE! Bitcoin, you click two buttons! What to do? Buy the dips, this is going one way - up. This is of course not financial advice and I would challenge anyone to find good evidence and good arguments against my reasoning. Do as you will do your own research! Best of luck, X
BITSTAMP:BTCUSDLong
by dereckmezquita
7
BTC possible cup and handleBTC is now trading above the 200 EMA nicely and approaching the 100 and 50 day. The RSI is above 50 and the MACD is separating more and more. One possible scenario to look out for is the formation of a possible cup and handle on the daily. There is major resistance around and slightly above the 10k mark. This resistance is composed of the 50 EMA the 100 EMA and the psychological barrier of 11k a round number. So rejection at this point would push BTC down towards the 200 EMA which could serve as support. Also supporting BTC at these levels are the 0,5 fib level and a long standing trend line. This is not financial advice, nor am I a financial advisor. Best of luck, X
BITSTAMP:BTCUSD
by dereckmezquita