Gala Games Liquidity Hunt Event Explained (1,700% BU-Pot.)This is cheating... I copied the same chart I shared a few months back. There is only one difference, a literal liquidity hunt event.
Ok. Notice the last drop, the falling wedge. Compare this to the left side of the chart, the wide bearish channel/bearish cycle. There is a huge difference: The present pattern is very steep and even though it hit a major low it has no volume, relatively speaking.
This type of price dynamic can lead to massive growth. The fact that Bitcoin is bullish now, short-term but in this instant, yet GALABTC remains full-green is a very strong bullish signal. Normally, when Bitcoin goes bullish, pairs like this one tend to crash; short, mid and long-term. See the current session remains full green and Bitcoin has grown within hours more than 3K.
The altcoins are about to experience massive growth. Many already are moving up... Just visit my profile and you can find hundreds of these charts.
Namaste.
GALABTC trade ideas
✳️ Gala Games Before The Boom! 355% Easy, 1,055% Next!The opportunity of half a decade... Not only Gala Games (GALABTC) but the Altcoins market.
I would love to use the "opportunity of a lifetime" but to be honest, this is a repeating theme. The Cryptocurrency market is full of opportunities and life is also full, if you missed the real state bubble or Dot-com, then you had a chance with Crypto as in the early projects then the NFTs, Defi, the Merge, Spot ETF and so on. Endless opportunities that's for sure.
Gala Games hit bottom October 2023. This "hit bottom" is not confirmed. The bottom is only confirmed if the pair turns bullish while keeping the 42 sats low intact. Based on marketwide action, this is what we will see next. If not, low risk...
Ok. The chart looks beautiful as it is easy to read. A downtrend that stalls, it comes to an end and thus we can expect change.
We are conservative with the targets but the end result of the next market phase can be a new All-Time High... Just as new All-Time Lows are hit on a bear-market, new All-Time Highs can be hit on a bull-market.
I feel blessed to be able to share this information with you.
I am grateful for your continued support.
Namaste.
#GALA/BTC - Long - Potential 50.88% Style: SWING TARGETS
Direction: LONG
Market: SPOT
Risk: 0.25% - 1%
Leverage: N/A
EXCHANGE: BINANCE
#BTC_GALA
TIMEFRAME: 720
ENTRY: 0.00000172
⎿ TP5: 0.00000344
⎿ TP4: 0.00000258
⎿ TP3: 0.000002064
⎿ TP2: 0.000001892
⎿ TP1: 0.000001806
STOP: 0.00000153
Move SL To 0.5% @TP1
Breakout of long term trendline thats held since last few days of Jan.
GALA token formed bullish Gartley for upto 12.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of GALA token.
Our last successful trade of GALA was as below:
Now on a daily time frame, GALA with BTC pair has formed a bullish Gartley pattern for another pump soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
GALA / BTC LONGGala/BTC created a wedge and after a long rotation, it hit the previous PoC. Gala seems to me like a silo after an explosion where pressure is before reaching the level needed for wall failure.
- The previous spike was made by the enormous demand for Founders node. You need to pay in Gala if you want one.
- NOW: There are new divisions: Gala Music, Gala Movie, Gala theme park. You can find on the internet that Gala has a plan to spend $5b on the Gala ecosystem. (2 Games, 1 Music, 1 Movie and rest on theme park)
- On Twitter Gala Music CEO @Bux mentioned they are dealing and probably with closed contracts with +20 AAA games.
- 6.4. they release a new demo of a game similar to Candy crush as a testing app for their own blockchain.
- 6-8.6. Galaverse - Very big event.
- Gala marketing is really seen.
GALABTCGeneral Guide:
1.) Anything above price is a resistance, anything below is support.
2.) Proceed with caution when taking a trade based off of this chart.
3.) Make a copy of it to watch it in real-time. Click the share button, then "Make it Mine"
4.) It is very risky to set limit orders, I advise you to set alarms and when it hits, check how it reacts.
5.) Watch the BTC pair closely as price will generally follow that pair.
6.) Definition of Terms:
Bearish/Bullish Order Block (OB) - Price rejects or bounces respectively.
(Monthly/Weekly/Daily) Liquidity - Where retail stop loss orders are.
pm/pw/pd/pr - Previous Month/Week/Daily/Range
VAH/VAL/POC - Value Area High/Low and Point of Control (70% of traded volume in a range)
OTE - Optimal Trade Entry
Rectangles - Liquidity Pools
Diagonals - Probably a Fib Resistance Fan, Pitchfork or Pitch fan
nPOC - Naked Point of Control
Eq - Price Equilibrium
Single Prints - Liquidity Voids
Barrelin 4.0 (Coming Soon)The pattern recognition I have defined as Barrelin is now developing into a full trading system with a defined prediction tool, manually submitted trades that are executed automatically. Yes it all sounds too good to be true. The research documentation is now being drawn out in detail to be scrutinized and criticized by my peers. From there hopefully it will simply help others understand the markets better as this pattern is helping me. Stay tuned!!
GALBTC .618 Fibonacci| PA Range| Low Volume| Trend Evening Traders,
Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable,
Points to consider,
- Price Action Corrective
- .618 Fibonacci Support
- Range High Objective
- Low Volume
- POC Resistance
GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias.
The current resistance is the POC, breaking this level is critical for a continuation to the range highs.
The current volume profile is below average, an influx is needed for a trend continuation.
Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“You have power over how you'll respond to uncertainty.”
― Yvan Byeajee,
GALA Loading up for a big move!Here's a quick Look at GALA 8 hr chart. As we can see, the price has printed a bigger falling wedge and we could see a break to the upside soon! The price action depends on BTC and if BTC doesn't cooperate, then GALA won't manage to build bullish momentum. Keep an eye on this falling wedge!
The best entry would be, when the price breaks above the falling wedge with good amount of volume .
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The idea is: Buy when the price breaks above the falling wedge and take profits at the levels shown in the chart.
Targets:
1. 1100 sats
2. 1180 sats
3. 1300 sats
4. 1460 sats
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What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Gala Grows 777% | There Is More...Not only Bread (BRDBTC) has been growing strong but also Gala (GALABTC), MANA, CRV, SAND, MITH and many, many other altcoins.
GALABTC has grown by 777% and this is a very strong indication as to what will be coming to this Altcoins market.
I've been warning about this and it is finally here and coming into full force soon.
The best strategy here is patience; Buy and Hold.
Set your sell orders before the bullish action starts as the big jumps tend to happen in just a few days and then we have months of consolidations before the next jump.
Get ready, be grateful and of course... Enjoy.
Namaste.
GALABTC Descending Channel| Bullish OB| .618 FIB| Trend Evening Traders,
Today’s analysis – GALABTC- trading is a clear descending channel structure where a break would be considered bullish,
Points to consider,
- Price Action Corrective
- Descending Channel Resistance
- Bullish OB Support
- Daily S/R Objective
- Single Print Fill
GALABTC’s immediate price action is corrective in a descending structure, s change in the trend directional will allow for a long entry.
The bullish OB Support in in confluence with the .618 FIB and the Single Print fill, and area where a bounce is probable.
The current objective is the Daily S/R, exceeding the level increases the probability of a trend continuation.
Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer