Gobtc
GO/BTC | S/R Flip Re-test| Trend Continuation | Volume Influx Today's analysis – GO/BTC – Establishing an S/R flip retest following a bullish break of structural resistance.
Points to consider:
- S/R flip Re-test (trend continuation)
- Increasing volume
- 21 EMA (visual guide)
- Oscillators above 50
GOBTC retracing and consolidating above structural support; a successful retest of this level will establish a higher low above the key level forming a bullish bias in the market.
The break of structural resistance was backed by strong volume, adding validity to the price-action. A sustained influx of volume will be key for maintaining the bullish momentum and avoiding any fake-outs.
Further price action and trend continuation will allow the 21 EMA to act as a visual guide; a trade management tool assisting in defining risk.
Both, the RIS and stochastics trading above 50, indicating strength and momentum is currently present in the market. Oscillators need to range above 50 to maintain the bullish momentum.
Overall, in my opinion, a successful S/R flip retest validates a long trade to technical targets above with risk defined below structural support.
What are your thoughts?
If you’ve read this far - thank you for following my work!
And as always,
Focus on you, and the money will too!
GO/BTC 50EMA bounceFirst cloud edge to edge successfully completed. Betting on 50EMA S/R flip here, then continuation.
Resistance levels, based on flat cloud zones, are highlighted in the chart. SL - 112 sats .
$GO, Flipped resistance into support at ~145sats level$GO
Flipped resistance into support at ~145sats level & now is pushing up
UCTS Buy signals across 1/2D and lower timeframes..
Looking for adding as close as possible to support level w/ targets at ~180/225sats
#GO
#GO/BTC (June 20)GO has just broken out and its target should be 200 - 250 in this June or 300sts in July and August
We should keep holding it for bigger profit!
It will need to be checked again if drops below 140sts
$GO, Following this potential falling wedge break out$GO
Following this potential falling wedge break out as it tries to flip resistance into support around ~87 sats level...
Volume increasing w/ UCTS Buy signals across 1D & lower TFs...
Looking for an entry at support & looking for volume as continuation
#GO
#GO/BTCHanging On Strong Resistance & Trading On Trade line.... Pl Guys If my Charts are profitable for you then pl follow & Like .
#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
GO / BITCOIN Bullish IdeaWhen price crosses above 200 Moving Average, there is a catalyst price action. Looking for a catalyst price action soon.
