GSS
BTC thoughts. Bitcoin is currently ranging. Prices reaction point is around 37,000. When price touches 37,000 area it either buys or sells into the top or bottom of the current range. BTCs price looks to have a current time cycle. Sun-Tue looks to be common buy days within price looking at a 4HR chart. Thu- Sat are the sell days within prices current cycle. An example of this can be observed on the 4HR chart on June 13, 2021 ( Sunday) price bought up into the top of the range at 40,000, consolidated through Tuesday the 15th, and began to sell Wed- Sat, (today) where price has found support around 36000 at the middle of the current range. Go back further in price action dates for more confirmation. That being said tomorrow is Sunday. DXY just went brazy, commodities have began to fall and btc and gold move opposite. FIND THE TRADE KING.
Examine correlations between BTC and Gold for more understanding.
Examine DXY's correlation with Bitcoin and its correlation switch that took place further back into the chart that may be found on the 1W or 1M chart.
WATCHING $GSS for ENTRY TARGET @ 3.00WATCHING $GSS for ENTRY TARGET @ 3.00
I’m practicing to nail my entries better… if target hits I will take a position.
GSS Possible Target to start Wave 3 (weekly chart)GSS has been stuck in a massive wedge for +2 years. With the current loss of the weekly 9MA (yellow) and 50MA (magenta), more downward pressure is expected to complete the WXY pattern of a larger 2 wave before the massive 3rd wave begins. RSI support has been lost, and SlowStoch must reset (lowest indicator). Price target around the .382 Fib level at approximately 2.50-2.60 area (low .50s, upper .40s pre split). The 200MA (blue) may serve as support and will reassess as weeks continue.
Ignore the reports, ignore the news, for both are only noise. Price is not only key, it is king.
$GSS - Genetics Signature is it time to buy now?On the weekly note,
We have a weak bullish TK cross, prices have closed above the cloud which is a good sign that the current support at $0.38 holds. Currently it is a long term hold if you are looking into buying $GSS.
Short term outlook: RSI is hovering close to oversold conditions, Chaikin Money Flow is dropping and that means the buying power is weakening. This is in line with the decreasing volume.
For entries, see below for daily chart.