GVT wave 4 correction - how much further?so we are still correcting on wave 4 and what looked like would hold at 24% took a nose dive to the 38% and even sub 50% levels.
drawing a strong line at 0026 as this is a good support area and we bounced right off it similar to the way up on wave 3.
question is do we retest this level again (0026-0027) or are we just about peeping out enough at the upper resistance line? either way a bit of volume around this area and we could easily break out into our 5th wave and on to all time highs.
Gvt
VHTChannel - GVT/BTC - Binance - March 14Still on the downtrend and this turn will be go back to 140. After that, GVT can go back to 280 for finish the H&S pattern.
GVT-BTC TargetsBuy in targets 1 and 2 have reached..Now waiting for target 3.
Will it go any lower than .003?
Who knows right..
GVT wave 5 potential targetsCharted these targets on the fact that GVT runs perfectly between fib lines and with the upcoming alpha release we could see some para behavior occurring.
As much as i am providing what 'may' happen i do feel this is a hodl coin, why risk shorting early and losing a decent vantage point when you can just hold and win at the end.
GVT has 4.5m total supply! Just remember everyone will want a slice eventually, big stuff happening between now and 2020.
Ive provided a simple chart and everything has ran like clock work regarding Elliott waves, based on this i am confident we are on the 4th/5th wave and the only way is up for gvt fans :-)
Obviously this is the crypto world and anything can happen, use this to create your own charts and follow them along the way.
Im not a financial advisor but do advise you only put in what you can afford to and always "do your own research" prior to any purchasing.
GVT-BTC had a nice runGVT had a nice run. As for long term HODL! dont need to worry about it.
but i think as of now it will need a correction between .0032-.0034
Please do your own research.
GREAT HODL
#GVT #GENESIS +200% target within 35 daysWhile reviewing my portfolio today and seeing almost everything in red, I was evaluating which coins are still performing well while the market is down and GVT came into my view. In some cases I'm interested in finding coins, like BTC which are down only 5-10% while other coins have 10-30% daily losses. In my case, this tells me by holding a good portion of coin in BTC, I'm able to minimize my losses while evaluating the market and selecting new coins at the bottom of the current wave, which are likely to move up or continue moving up.
One difficulty in this, is identifying coins that are sometimes oscillating opposite of BTC, LTC or ETH. For instance, you may end up buying a coin that is doing well when BTC is down or crashing because of some new news or fear in the market (SEC suggesting that Exchanges must file with them, untrue reports of hacking at Binance, etc). Then as soon as BTC recovers, the coin you bought begins to crash, when you thought it was going to be strong in relation to BTC.
Sometimes the oscillations are not just opposite, but delayed by a few days or weeks, so while GVT may be going up today while BTC is dropping, this could change in a couple days and it makes this method of prediction somewhat unreliable, without utilizing additional indicators.
While reviewing GVT, I found that there appears to be 3 strong indicators showing potential for upward movement and excellent gains.
First I noticed a possible Inverse Head & Shoulders indicator. The head and shoulders were both quite rounded, so it may not be the most conventional inverse H&S formation. The inverse H&S shows a potential gain from the peak of the head to the neckline (+225%). Also, with a H&S formation, there is often a "throwback" where after the formation completes, which pulls us momentarily back to the neckline before the rally begins.
Second, I noticed a slightly larger Cup & Handle formation appeared to be in the works, slightly larger than the inverse H&S. The depth of the cup in the cup & handle formation is how one measures the potential gain when the formation completes and begins to rally. In this case, the depth of the cup is +335%. I'm estimating that the handle of the C&H will complete around the same place the inverse H&S "throwback" completes, thus giving us a secondary target of +335%.
Third, reviewing 4H Ichimoku TS and KS are currently crossed and giving us the idea that we will likely be moving downward. This verifies the potential for the inverse H&S "throwback" to complete. The 4H Ichimoku cloud also shows that we are approaching a resistance cloud shoulder and in crypto, it's very common that when we touch the top edge of a resistance cloud shoulder, we will see the value propelled upwards.
Additionally, looking at the 1D Ichimoku clouds, we have a very strong support cloud under our current level. This leads me to believe that while the daily chart may not tell us we're moving upward, it seems to suggest that we won't be falling for at least the next couple weeks (unless something out of the ordinary happens). I'll share another chart showing the 1D ichimoku support cloud following this post.
Be sure to like and follow and check out our upcoming ICO for Horizon Communications!
Cycles drawing (4H TF addition)Many people say "To the moon!" but have they been there? GVT is now in stratosphere. Almost in space but not yet there.
Spent some time looking for different period cycles inside GVT life. I find it really interesting and what is even more important - it provides an idea of future. Combining several cycles may provide information on what to expect, when each stage of growth and decay will start and finish, where will be the top, bottom and etc.
What I see is that we have 1 of 2 top waves forming its top right now falling before the second will go. Probably bigger but maybe just a correction wave with much lower value. Just an idea, nothing more =)
Cycles drawing for GVTSpent some time looking for different period cycles inside GVT life. I find it really interesting and what is even more important - it provides an idea of future. Combining several cycles may provide information on what to expect, when each stage of growth and decay will start and finish, where will be the top, bottom and etc.
What I see is that we have 1 of 2 top waves forming its top right now and getting ready to fall a bit before the second go. Probably bigger. But not a fact. May just shoot once to the moon and then fall deep. Just an idea, nothing more =)
#GVT LOng or SHort A decision zone for those that are long watch it closly if it braeak the resisatance arc that means it reversed to the downtrend.
GVT is Rising Looking for an Entrance point.GVT is a great project!
I am really bullish on this one.
I think i will reenter around .0028 and/or .0026.
Let me know what you guys think.
Thank you :D
GVT 3/2/18 2:21am EST - iHS 5.5% (15m) & cup/handle 15% (2hr)GVT 3/2/18 2:21am EST - iHS 5.5% (15m) & cup/handle 15% (2hr)
GVT 3/1/18 10:51pm EST - iHS 3.3% (15m) & cup/handle 14.9% (2hr)GVT 3/1/18 10:51pm EST - inverse HS 3.29% (15min) & cup/handle 14.9% (2hr)
A correction for GVT soon ?GVT, while having solid fundamentals is a fairly new coin and still hasn't experienced a downtrend (only small corrections after spikes) after doing around x9.
It already tested several times around 29k sats without breaking trought and staying there. Volume is also relatively fairly low
That's why I think once it breaks the trend line, it will fall around 13-14k sats, where there is a strong support from before. That support would be also around 0.618 fib retracement.
So short term (2-4 weeks), that coin is dangerous, while long term it's still interesting.
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Still learning, so don't use my only TA for investment advice, check other analyses too.