Breakout forming here. It could also stay in accumulation longer time, but that's definitely a nice entry point.
This could be a good opportunity, the project still looks solid, the price are at lowest, could continue lower, but it looks interesting to start to accumulate.
GNT is flat for several days, forming some kind of very slow double bottom. This for sure can continue down, but an entry from here with a SL around 5k can lead to a nice risk/reward ratio with first resistance around 10k (already more than 2:1), and if this resistance breaks, price will explode.
The $3000-3700 area had the most important volumes in the past fews days but not only, in the past year as well. If you zoom in the chart you will see it was buying happening, and the main transactions happened around $3200 area and $3400/3500 area. Therefore I think important market players entered in this area and will not let the price go further down.
Now I expect new all time highs for bitcoin, the volume was impressive, the reaction started on a strong $3k as expected, good short-mid term outlook.
We are forming a potential H&S pattern here. If it breaks 10,5k it should confirm the pattern and could continue higher.
At these prices i favor a long, relative low risk, but potential great rewards if it goes to retest ATH around 700k.
Yesterday was still uncertain with the dip till 3600, today price action confirms, if needed, that BTC is bullish and is probably headed for at least 5k. Of course nothing is certain with any technical analysis, especially in crypto, but pinbar & volume (also in lower TF) confirms this scenario.
Playing with the chart, that even don't look impossible :)
Reaction confirmed, it moved exactly as planned! I took some 50% profit and now expecting 55k area with what's left.
Decisive area but low volumes, quite similar for all alts, we'll see if it holds or if the bear trends continue. Anyway, long term outlook is bullish.
We'll see if it continues but it's already a nice start
It does look nice indeed
Compression on the way down, I expect some reactions
Still bullish, I am confident it will react nicely from here.
Could react here or below, but that could be the start of a strong uptrend too
Looking quite nice at these levels
I would buy any dip