Trade 1 - GNO / BTCHi guys,
I published this idea a week ago but was deleted for post it on another language. The perfect entry would be the bot of the cloud but i think in this zone could work too.
This is a trade of GNO on the BTC pair. I traded this coin in the previous move up and it went really well, so let's try it again.
I'm turning bullish again because there are some things that might point a reversal is near, let me explain:
Bullish scenario on the 1W timeframe:
The price is retesting the bottom of the cloud (a close below it on the 1W timeframe would invalidate this setup).
The price is retesting the 0.786 fib level from the previous move.
In the same level we got a single candle OB which is now a demand zone (it acted as resistance before the previous move up).
Previous bullish Tenkan/Kijun cross that didn't crossed bearish on the way down.
The volume joins all the move, it was ascendent on the way up and it's now descendent on the way down.
Bullish scenario on the 1D timeframe:
RSI bullish divergence in the oversold area (it usually work really well in that area).
Bearish scenario:
On the 1W timeframe we got the price below the Kijun, and in the daily timeframe it looks bad despite the RSI divergence.
As target we got:
A supply cluster.
The -0.236 fib level.
The actual top of the cloud (Edge to Edge Ichimoku strategy).
I'm taking this trade because the R/R is great and i think it will found support on those levels on the weekly timeframe .
A lot of my strategy is based on the knowledge acquired from @HsakaTrades and @CryptoCred on twitter , so go follow them.
GNOBTC trade ideas
GNO is about to break out in a very big wayIf Bitcoin maintains the current bounce, GNO is set to break out in a major way.
3000% Profit Potential Over 1 YearPredictive markets are the next big leap. This is not something you want to miss.
GNO Breaking OutGnosis just broke out of the falling wedge it has been trapped in. From a technical perspective there is huge upside to this coin. I didn't know much about GNO and am no expert on it but it sounds like a good idea. It is essentially a decentralized method of polling. The idea behind this is that polling/predictive companies can exert influence on the results. Decentralization should provide more accurate results.
Target gives 150% profit potential when paired to BTC.
pumpish spikes Those spikes in volume and price are enough on their own to guess what is likely to happen next. But we're looking at $UP on bittrex and $GNO on kraken, and those two obvious market buys happened at the same time on both markets. I don't believe those two projects are in any way related.
Therefore, I sure as shit got me some tickets to pamptown.
GNO-BTC - Very bullish - inverse head/shouldersGnosis had a clear, definite reversal 11/12/17
Very bullish now, with final leg of inverse head & shoulders being completed, with strong upward momentum. Approaching resistance that set off initial shoulder of inverse head & shoulders.
Trade cautiously in current conditions while the whole crypto space consilidates.
Traders continually looking to diversify portfolio, with both good growth prospects and less volatility to BTC (if that's possible in crypto!)
GNO/BTC can go three ways. GNO been in decline for sometime now; from here on it can go three ways. go up or continue around same path
[GNO PREDICTS BREAKOUT!] Bitcoin & Cryptocurrency Trading 2017See what I did there with the title?? Gnosis prediction.... get it :)
Anyhow it looks like this thing is setting up for a breakout. Notice the Bollinger bands and RSI below are now tighter than a flea's butt. You know what comes out of tight holes like that? Greatness. Any kid conceived on his parent's prom night will agree.
Get in while it's cheap. I'm still undecided on this one if the technology behind the product is legit or not - but the coin is not broken - so this may be a good time to get in.
Peace & Love
BK out.
#ItWasAllADream
