GAME BTC Long Term Prediction
Updated
Hey all,
I was looking to try and determine a good entry point for GAME after selling at the end of what I'm assuming to be wave 1 of a new cycle and came up with this. I measured the fib levels from the last big run up for each wave of the old cycle and did the same for the new cycle to predict where the waves would fall roughly if history repeats itself. It got a bit messy trying to fit every measurement into this chart (still relatively new to all of this and there may be an easy way to put it all without looking sloppy, but I haven't figured it out yet), so I ended up just leaving the final measurements for both. I've marked the buy and sell points on the chart if you want to go off the previous cycle's retracements for reference like I plan to.
I did already buy back in on this coin earlier today, which may have been a bit early now that I got around to playing with some charts on it. I was stuck on a job that ran long today and couldn't mess with the phone in the unit and decided it was good enough for me relative to what I sold it at.
Basically, big picture there is a lot of upside potential relative to the downside still at this point, so if you are like me and have some spare BTC to toss at a coin and hold for a bit, this may be a decent option for you.
For reference, I only put about 5% of my portfolio in this coin for the time being.
If you agree with this idea or have any opinions or input on the chart, feel free to let me know with a thumbs up or comment so I can judge how I'm doing.
Thanks and happy trading!
*Trade at your own risk, I'm not a professional and I'm just sharing my trade*
I was looking to try and determine a good entry point for GAME after selling at the end of what I'm assuming to be wave 1 of a new cycle and came up with this. I measured the fib levels from the last big run up for each wave of the old cycle and did the same for the new cycle to predict where the waves would fall roughly if history repeats itself. It got a bit messy trying to fit every measurement into this chart (still relatively new to all of this and there may be an easy way to put it all without looking sloppy, but I haven't figured it out yet), so I ended up just leaving the final measurements for both. I've marked the buy and sell points on the chart if you want to go off the previous cycle's retracements for reference like I plan to.
I did already buy back in on this coin earlier today, which may have been a bit early now that I got around to playing with some charts on it. I was stuck on a job that ran long today and couldn't mess with the phone in the unit and decided it was good enough for me relative to what I sold it at.
Basically, big picture there is a lot of upside potential relative to the downside still at this point, so if you are like me and have some spare BTC to toss at a coin and hold for a bit, this may be a decent option for you.
For reference, I only put about 5% of my portfolio in this coin for the time being.
If you agree with this idea or have any opinions or input on the chart, feel free to let me know with a thumbs up or comment so I can judge how I'm doing.
Thanks and happy trading!
*Trade at your own risk, I'm not a professional and I'm just sharing my trade*
Note
Sorry, Just realized I had been clicking between turning log on and off and blotched that a bit lol. This should be better. I'll make a new post and link it.Note
Note
Today I learned that you can't delete or edit anything on here after it is posted. Let this be a lesson to everyone not to hop on here at 4 am after a 22 hour shift and decide to make some plots. Ignore these other comments and just stick to the original plot. It makes the most sense no matter how much I second guess it and play with it.Again, IGNORE THESE MOST RECENT COMMENTS AND JUST STICK TO THE ORIGINAL IDEA.
Note
It also looks like these text boxes move somewhat when you adjust the scale on the idea so for first buy in shoot for 25000-30000 sats range. Then just use the fib levels to check and make sure the box placement makes sense when we start moving up again for sell points and buy backs. I apologize for the mess I made of all of this. At least I'm learning a few valuable lessons along the way.Note
Getting close to the projected Buy ZoneTrade active
First buy in target was hit. Trade should be active if following this idea.Note
Had you guys another great chance to get in towards the bottom of the predicted buy zone today. We will probably have a few more dips into it until BTC makes up its mind on if it is done correcting before this goes up. Unfortunately we have to wait for BTC. I originally was thinking 25000 range would be the bottom, and that is basically what we hit today. Now we wait and see if that was it, or if BTC will drag it down more.Note
Keep in mind, if this chart plays out, you are looking at around 10x profit from a 25k buy in. Again, I only put around 5% of portfolio in it in case it doesn't pan out.Note
GAME is still hanging out in the "Buy Zone" MACD on daily looking like it is getting closer to a crossNote
Still holding
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