GBYTE: Interest Inevitable For a Low Cap Directed Acyclic Graph
Updated
Mark 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.
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.
Trade active
The trade is shaping up here.Trade active
Important data received. Trend confirmed.Note
Still riding that top side resistance. Looking very good. Note
GBYTE continues to follow the long term resistance line lower, moving every closer to the moment of zen, where resistance breaks and the lower Gann will provide top side support. Trading is waiting! Buy target is still at around 0.06 BTC.Note
Resistance becoming support. Pick this up before the pump.Note
The former strike zone of today is not neccicarily change. However, support zones for resistance as support has moved lower since price action has been pushed below the former trend line. The trend line on the following chart were taken directly from a four hour candlestick chart using Gann fans that go from high to low or low to high, rather than ganns based on moving average crosses from before. The last chart did a great job at predicting price action, but this might be more accurate. Note
GBYTEBTC continues to follow the Gann Fan chart that I laid out above. The 4 hour candle wick even bounced off of the support Gann, while following the resistance Gann line. We might get more of the same, but the support on this leg up is very strong. Buying here or tiering bid orders down on each of these green and red gann crosses while it moves along the top side Gann resistance line. GBYTEBTC is a great project.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.