$GLXY $BRPHF Unicorn in the makingWe can see $100k BTC in six weeks, followed by 30-40% correction and the biggest alt season ever. $GLXY $BRPHF is a powerhouse, an investment for the long-term, not a trade.
Select Financial Highlights for the fourth quarter of 2020, ended December 31, 2020
"The Company expects to report Comprehensive Income1 for the quarter ended December 31, 2020 to exceed $325 million, representing a sequential quarter-over-quarter increase of over 650%."
GLXY trade ideas
Swing trade/Buy point For long termCurrent price for this stock looks like it will hit 16.00 after which it will break out in either direction because the fundamentals are good and the stock is undervalued (within it perspective industry) I speculate that it will have a bullish take off one hitting this level of support which happen to be a level on the Fibonacci. Also the RSI show that it still has some room to go down before it is oversold thus furthering my speculation.
Feel free to give me your opinion, or add anything.
Thanks
Possibly a rising wedge for GLXY?Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily.
Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level.
Ideally, the volume will decline as the price rises & the wedge evolves, however, the volume has seen an increase & currently GLXY is breaking the blue sloping resistance of the wedge pattern to the upside! That's the Bitcoin effect lol?
On the KST there may be a bullish cross about to happen in the near term, a few more trading days will provide a better indication of which way the trend is heading.
The RSI is displaying higher lows & higher highs since early December.
The DPO is at an all-time high currently, if there's any pullback it would be ideal if the blue line held as support before continuing upward, and if not it'll likely act as resistance & the trend may be reversing, only time will tell.
Ascending Triangle breakout for GLXY?GLXY appears to have broken flush to the upside out of an Ascending Triangle, if there's a retracement in the near future it would be ideal if the horizontal blue line of the pattern turns into support.
On the KST there's a noticeable bullish cross.
Higher highs & higher lows on the RSI.
GLXY is outperforming Bitcoin on a 1-year time frame by over 300%, but notice the close correlation on this chart between BTC & GLXY, BTC is the yellow line.