GASBTC trade ideas
GAS/USDT - Speculative or long term hold?I have followed two people on Trading view Goldbug1 and Alan Masters- both have cult status. They have different styles of trading but they are a wealth of great information and are a large part of my success. Alan posted a tech chart on GAS and it made me a little more curious.
I took the trade as a speculative day trade - however when I anaylsed the chart again I found it has massive profit potential.
Rarely have I seen a chart as weird as this price fell comet like as soon as this ICO was listed- more like water than gas.
History tells me that price will always revert to mean reversion that is - 50% of the rise or fall.
The parallel channel gives me a clue. It's not a perfect channel price barely respected it. However, price is now clearly broken the downward support line changing the trend from a bearish consolidation to a bullish breakout.
8 years of trading taught me how to measure and take profit where most of the bulls and bears will.
Measure the channel and double it - this is the first target= 4.764 Fib extension of the 1st corrective wave after the decline and the 0.618 of the 1st daily candle.
GAS channel 57% profit (potential)GAS is now seems to be following a channel uptrend, the way to to make money here is to buy when it's at its lowest level.
The yellow is the possible buy area.
The targets are:
1) 0.00306
2) 0.00343
Hope all the best
GAS (GASBTC) - On Bullish trendGASBTC is on steady bullish trend after trend reversal a few weeks ago. Presently this is oversold today on BTC(Bitcoin) rise and may come back again to trend in few days. RSI & Stoch RSI both shows oversold scenario when the overall trend is bullish.
300%+ gains potential with resistances @ 0.00333 & 0.00454. Stop loss @0.0020.
Gas/BTC = Poloniex= Undervalued coin at the moment Gas has low coin circulation,
it will be the main coin which will be used on NEO platform
The only way to make more gas is to own NEO in your wallet.
It is undervalued at the moment. we could see the price of GAS go up 3X in coming weeks.
trade within those levels and hold some for long term.
GAS to NEO ratioThis graph is showing there is more upside potential in GAS than NEO. Use BINANCE:GASBTC/BINANCE:NEOBTC to view.
GAS token Long OpportunityTime to fuel up those Lambo with GAS!!
GAS is like the little brother of NEO that everyone neglected, but 2018 will be different. As big brother, NEO, gets more exposure and its price goes up, so will GAS. With NEO having strong connections with Chinese authorities and its participation in evolving technologies, 2018 will be a great year for both NEO and GAS.
Technicals:
Ichimoku cloud breakout
Entry:
0.002302 - 0.002509 (Based on above the cloud and dynamic pivot)
Stop Loss:
0.001984
Targets:
1. 0.003842
2. 0.004742
3. 0.007742
4. 0.0142
5. 0.021842
GAS/USD ATH todayThere are no direct data feeds of (NEO)GAS/USD so I do not think many people have noticed but GAS/USD hit all time high today after breaking out in December. I am adding to my position here.
Use the formula BINANCE:GASBTC*COINBASE:BTCUSD to chart GAS/USD.
GAS ClimbingWe could see the channel take us all the way to the 400 resistance. Good to watch over the next week to see if it will hold the channel.
STRONG BUY/GAS LONG- The most undervalued cryptocurrency STRONG BUY- GAS is currently much more scarce than NEO but has a much smaller market capitalization. When trade volume picks up GAS will moon.
Background- NEO VS GAS
Anthares --> NEO
Antcoins --> GAS
NEO, sometimes referred to as “China’s Ethereum” can best be compared to a share you hold in a company, like ownership. As a NEO shareholder you are partly owner of the blockchain.
So, as a NEO holder you get dividend in the form of GAS. GAS is the the fuel that runs the NEO Smart Economy (previously Antshares) .
When ICOs are launched on the blockchain the value of GAS will skyrocket.
GAS (GASBTC) about to reach a bullish expansion -> To moon =)GAS which is used by the NEO blockchain network to move transactions. It has reached a low point after coming down many months already. More info on GAS neotogas.com and this is a good blog post about it hackernoon.com
Targets:
- 219800 satoshi
- 295900 satoshi
- 381300 satoshi
- 449400 satoshi (50% from previous ATH )
The full picture here:
I always forget to move the chart to correct place after checking the levels while writing.. :(
GAS ready to goGAS consolidates and ready to break through long-term support/resistance around 0.002 BTC.
I guess it start giant rally next day.
Also, there is reason to believe that the GAS will one day overtake the NEO.
Trade at your own risk!
Do your own research.
Long GAS/BTC I have been looking at the GAS/BTC in poloniex and it has just crossed the 0.236 Fibo level and what i think is it might make a double bottom pattern at 0.00131140 BTC level. Once we get there it is a good sign of buying GAS .
GASBTC Long IdeaIn this early stage of cryptocurrency markets, many coins experienced a hike after either a very similar bottom formation or a flag formation. I published an idea about BITBBTC analogous to this one. It seems to break the line of short-term downward trend.
Is GAS out of GAS? - 12-18-2017The reversal pattern that I called out on the charts is now complete as price has tagged the opposite side of the Bollinger Bands. Now we need to see how much strength the bulls have and if they are going to push prices higher.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Gas Breakout Troubles - 12-14-2017A potential false breakout. The Bollinger Band midline is providing strong resistance. If price can't hold this level, expect a drop back to the lower BB.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.
