GBYTEBTC trade ideas
GBYTEBTCSeems pretty cheap compared to historical highs.
Making Higher Lows as well. Closing above the .0786 fib at 0.02700 sats would be a breakout / bullish signal. Also bullish MA/EMA crossover (does not mean much at this point but worth mentioning).
ByteBall Bytes (GBYTE) Climbing Fast
• Resistance = .08276 SATS
• Support = .05966 SATS
• Next Target = .09528 SATS
• RSI = 54.87
As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts!
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Buy insurance from peers to get paid in case a negative event occurs. Sell insurance for profit. Insurance is just a simple smart contract that can be unlocked by the insured — if the event in question did occur, or by the insurer — otherwise. To insure against flight delay, find your counterpart in #p2p_insurance channel on our Slack, create a contract, and if your flight arrives late, chat with flight delays oracle to have it post the data about the delay, then unlock the contract.
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GBYTE/BTCGBYTE/BTC
1 entry = 0.06270998
2 entry = 0.07304207
stop loss = 0.04691943
1 take profit = 0.08415394
2 take profit = 0.10637768
GBYTE taking off (Bittrex). Looking very good.I'm starting to add explanations to my chart, because my previous one looked really ugly.
I'm extremely bullish on GBYTE for a Bittrex position for short-term. This is taking off in a really nice way. The explanations on my chart pretty much says it all; it's impressing that it went from 0.053 to 0.062 and still is not overbought on the 4hr, meaning that there is still room for BIG growth.
On a sidenote, a quick look at the daily says that it's also good for a long term pick as well; if this idea fails, it'll go back to where it's been pretty quickly, expect in case of another Bitcoin showdown.
So yeah, everything on the TA side looks really great for a pick ASAP, however, keep an eye on BTC as it's in a decision stage for the next days.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC 4.70% 6.88% -0.06% before investing.
ByteBall Bytes: Sleeping Giant + Competitor to IotaByteball is an absolute monster that has recently broken its downtrend. It has massive potential for this year, once people realize its potential. It is currently #61 on market cap, with a SUPER LOW total supply of 1 million. It has been trading in the channel for a little while now, and has consolidated nicely into a bullish pennant inside the range. Looking good for its next run up. Now would be good entry, between 0.06-0.065BTC. My targets for this long trade are:
0.083
0.11
0.143
0.18
GBYTE - Symmetrical Trianlge, Will it Break OutI'm watching GBYTE closely and am slightly bullish on it. There are some good signs, it has a medium term uptrend and there seems to be a symmetrical triangle forming. Other signs include a recent golden cross and an inverse hammer which hint at an uptrend which looks to be eventuating...
It looks to have broken the symmetrical triangle, however, I think it will be a failed break out due to it being over bought and due to the lack of volume. There are plenty of options for other similar symmetrical triangle to form and for it to break out. I wouldn't be surprised if some volume returns to the market next week and we see it break out. If it does I believe we are in for a very big price increase.
I'll keep monitoring.
GBYTE/BTCBUY 0.07/6
SELL
TARGET 1 0.076
TARGET 2 0.083
TARGET 3 0.098
STOP LOSS: NO SELL HOLDING
Please use no more then 10% capital on this trade
UPDATE1 GBYTEBTCAs told in my previous chart I am in since 0,0499999999
After the GBYTE behaviour during this storm, I am not planning to sell.
For the fondamentals
A few known coins based on DAG architecture to compare
Coin Marketcap Circulating supply Total supply (infos from my previuos chart of 8th of january)
IOTA 10,2Billions USD 2,780 Billions IOTA 2,780 Billions IOTA
XRB 3,56Billions USD 133,25 Millions XRB 133,25 Millions XRB
GBYTE 469Millions USD 645 000 GBYTE 1 000 000 GBYTE
Good luck
GBYTE 17:1 Higher Time Frame Trade 300% PotentialI have another trade idea with the same coin but for a quicker profit. I like to get in and get out because I don't like market exposure. However if you want to go longer term on this this is what the charts give us
these are done for fun and are not suggestions.
GBYTE-BTC 148.58% Profit Potential, undervalued and low supply!This is my technical analysis for GBYTE, one of my favorites for practical reasons. As far as price goes, this is a sleeping giant. With a current market cap of ~$395.37mil USD, a circulating supply of 645,222 GBYTE, and a total supply of 1mil GBYTE. Considering supply and demand, this thing is terribly undervalued based on fundamentals alone. But beyond that, consider what GBYTE has to offer — byteball.org
I’ve used their P2P payments system myself via their messaging app and it’s seamless, the fastest money transfer I’ve ever seen.This is the way digital money is supposed to move - instantaneously and securely. You can convert your GBYTE into Blackbytes, which allow for anonymity within the GBYTE system. GBYTE has also released at least one ICOs on top of their platform (www.titan-coin.com), something to look out for in the future of crypto. Projects that provide a strong platform for newer projects to leap from will be the behemoths of this industry.
All that said, this daily chart and the global Fib doesn’t give us too much useful information. Because the crypto industry is so young, it is difficult to do reliable technical analysis on longer time frames on many of these assets. But for the sake of humoring you, I see that the long-term bearish sell-off has nearly completed and the market has found a renewed interest in GBYTE. The Ichimoku cloud (altered parameters, see youtu.be) has flipped to bullish right at the end of this bullish flag, which itself is an almost symmetrical triangle and I suspect it will break bullish. One reason being the very long-term downtrend has been broken and it has weathered the recent BTC/ market correction / FUD campaign quite well.
Notice how the 50 and 200 MA are about to have a golden cross exactly where one would expect this asset to reach its absolute maximum pinch-point before a decision in the market must be made, nearly forming a triangle pattern in their own right, and that aligns perfectly with the overall market doing about the same. Volume has decreased significantly and I see beautiful divergence in the RSI. A falling wedge has formed on the RSI, indicating in this case both a bullish reversal incoming, as well as current hidden bullish divergence (See more on divergence here: www.babypips.com). That’s quite a lot of bullish signals aligning for GBYTE, considering all of the fundamentals that I've laid out.
Now for some price targets, I know you guys love those ballpark randomly generated numbers ;) Potential profit targets visualized as blue horizontal lines.
My targets are astronomical primarily for the fundamentals listed above as the price-to-supply ratio is heavily suppressed imo, but also for this reason: Typically in crypto markets, projected moves from triangle breakouts and continuation patterns can be expected to be double that of their traditional counterparts. Second, when this overall market turns around I expect the value to explode, because those new to crypto are surprisingly more often than not more interested in alternatives to Bitcoin. I tried to find some more solid targets using Fibonacci here but for reasons mentioned before regarding the immaturity of the market, the global Fib and trend-based Fib extension tools can only be so reliable. That said, I adjusted the targets to align better with the global 38.2% retracement and historic congestion zones.
Target 1: 0.08340510
Target 2: 0.12245792
Target 3: 0.15557028
Bytes - Continuing Upward ChannelGBYTE continues to ride up the channel.
Still a good opportunity to get in.
My opinion, not investment advice.
GBYTE/BTC still bullishPrice bounced off of the 150 EMA again, bull flag forming, on its way to the next big jump in the market cycle.
$GBYTE swing trade idea$GBYTE bull pennant closing in. IMO it's most likely at the "D" point of the horizontal triangle, so don't be surprised if you enter here if we see a minor dip back to the "E" point before the breakout. I'm always a fan of "E" for entry, though. Byteballs is also at less than 20% of it's all time high in terms of Bitcoin, so I see it having plenty of room to run after breaking out of the current accumulation zone.
GBYTE: Interest Inevitable For a Low Cap Directed Acyclic GraphMark the date for this coin as 1/26/2018 to 1/30/2018. That's the strike zone left to right, while the strike zone has a low to high of 0.05368BTC to 0.06253332BTC. Swing your bat for a home run in this area. We'll round the bases together.
What I see on this chart is strong Resistance (capital 'R') being broken down with each new day. I think that a surge in Bitcoin's price will actually be a boon for this coin. People seem to be hesitant in going long on Bitcoin or any other Generation 1 proof of work coin. This is totally flawed thinking and I am ready to profit from the irrationality or - in other terms wide-reaching speculation - that the value of Bitcoin will fall in terms of new generation, DAC based coins. The preeminent - and lowest market cap by chance - DAC coin on the market is ByteBall. From a fundamental perspective GBYTE is undervalued in terms of IOTA and especially Raiblocks. GYBTE will see a run up in BTC value for the year 2018 as investors research what's the, "next step" for cryptocurrencies. I think this trade has the potential for massive volume and swing trading with current potential being somewhere between the stratosphere and the moon!
From a technical analysis standpoint GYBTEBTC is playing well within the lines that I drew using Gann fans and Fib levels from key points on the high-to-low and from 7/77/231 MA crosses on this 4 hour chart. What do these indicators provide as a story? GBYTEBTC broke through long term resistance on its last wave up. Right now this coin is traversing Bitcoin consolidation related price action, being strongly resistant to the recent sell off in a short term supportive trend. Furthermore, there is a point of reckoning approaching in which two resistance lines - one long term and one short term - intersect with strong support at the 0.0603 BTC level on January 28, 2018. This spells a price hike going forward as much more talented & veteran traders than I here on trading view and within my network suggest that Bitcoin will continue to test support in a bearish manner through consolidation at around 7k-10k USD. However, I remain unconcerned with the trash of US Dollars. My driving goal is to ante up bitcoin on the deck to earn more bitcoin and add to a core position of elite coins. GBYTE is one such coin. The reason I do not sell Bitcoin into tether or dollars is because I believe in the project at an emotional level and will use Bitcoin as a method of payment in spite of dollars; this is ideological as I do not support the use of US Dollars for which the world's tax money is used to fund it's interest payment and vampiresque war financing. On the other hand, I am also a believer in this project of Byteball going forward (as I am with Monero, Stratis and in varying degrees Litecoin) with the same commitment to Bitcoin.
For these reasons GBYTEBTC is a great asset, not only to profit in terms of Bitcoin, but also as a standalone addition to one's portfolio going forward. This comes from both fundamental market trends with the adoption of DAC based distributed ledger technology and from a current price action technical analysis insight. Many people are now in, "HODL" mode, while I am in buy-buy-buy mode with the instinct that 2018 will be a great year for ByteBall and a few other gems.
Disclaimer:
I know nothing and I am totally asleep at the wheel as a person. Do not ever think that this is valid or actioinable information that is presented above. Do not act on this information.
