GASBTC trade ideas
(GAS) in a TTM Squeeze - Looking For The Breakout BTC/GAS
Volume Volume Volume. Right now there isn't much of it at all on GAS. Still going to be keeping a close eye on the price, alerts set.
This chart shows my idea of two likely scenarios. The yellow pattern is from a previous runup, I found there was a similar squeeze just prior to that previous price hike.
I'll have a tight stop loss should the trade get triggerered out of this squeeze upwards.
Green boxes are my buy zones.
GASBTC carving an ABCDE triangle correctionCups and Handles today, it's a tea party!
GASBTC has been working on the handle to go with its cup for some time, the correction is looking very triangular to me and if so then there is not long to wait for it to be over.
After completion, we can expect wave 3 to commence taking us up to new highs.
GAS 3rd wave?Just broken free from the falling triangle , looking to start on its next push?
The MACD has tightened up dramatically the same as before the prior push, RSI also shows it has been over sold 5 out of the last 7 days.
Also looks like it could be forming a "cup" if we are correct this is a really nice entry. Could use SL at around 0.040.
Also looking on the One day chart the RSI is WAY over sold.
GAS/BTC Showing Bull Signs 200% + ROIHello, Trading View,
Okay here is a good sign. Especially when you have an entire smart economy that is running on gas coins. There has been some news articles, stating that the Chinese yuan will be replaced by neo. Sense the demand for this coin is determined by the transaction level. You can conclude that as neo coin becomes more accepted into the economy or smart economy. The price of gas will eventually go up, as people buy things with neo.
In the short run. It will probably go down a little more before it goes back up again. So in my opinion you should buy in at: 0.00486933 not the current market value price as of 11:57 AM EST. on the date of: 2/4/2018.
Obviously it is better to buy the actual neo coin if you can afford it. Because it creates some of the gas you need every year, and that is compounding. But sense the price of neo coin is 2x of what the price of the gas coin is. You can decide based upon your budget, what you want to invest in it long term. I have some in my hoddle wallet that I don't trade with, for that very reason. In my opinion, both are good investments.
In my opinion you should buy in at: 0.00486933
Sell 25%: 0.00556862
Sell 50%: 0.00630041
Sell 25%: 0.00727675
Thanks,
StopLoss123
GAS with good looking price actionGas broke through the consolidation pattern yesterday and is spearheading upwards exponentially on high volume. wait for the pullback or consolidation!!! getting in at this phase is a terrible idea. RSI is extremely over extended in every time frame. Ill update this idea to show whether there is a pullback or consolidation and when might be a good entry point as this looks like a good mid-long term hold
GAS/BTC reached the ceilingCryptocurrency Market Capitalizations Rank 48 Gas (GAS)
12H chart on the left shows a double tops structure, while the right ichimoku chart's chinkou span shows a very strong resistance level at 0.006429.
ADX indicator shows +DI line falls, ADX line hooked and crosses over 20 confirms a new trend. (i.e. bearish)
Stoch (14,3,3) shows overbought
The possible retracement is at Fib Ret. 38.2% (0.004569) or support levels by ichimoku analysis.
Gas - Yes its going to CrashJust a thought feel free to comment and give me yours. I'm not in Gas at the moment but have a friend thats curious so here is what I think
Gas Reverses hard everytime RSI goes wild. As you Can see RSI is hitting ATH right now and since the SAT count hasn't yet reached the peak thats a very good sign that we are in the initial correction wave and we have a much further decline coming and its going to happen fast based on history. Looking for the bottom we see a good demand zone right along the fib line that also coincides with the long term uptrend of the coin. This will be the target buy in zone.
GAS/BTC Rollin Right now!We have been in this crypto for quite awhile, but it is catching a nice pop right now. If you're swing trading these cryptos I'm not sure if now is a right time to get into this as it might consolidate. However, this looks like a strong crypto for a buy and hold for longer term. For traders that are already in this as a swing trade like we are..we are going to ride this momentum until it runs out! We're basically looking at 4 hour and 1 hour charts to see if the volume keeps up and the price keeps moving higher with it.
I think there will still be more room to the upside on this one!