Byteball , The new Buy Zone & TPs for GBYTEUSD . Don't miss it.Technical analysis:
BYTEBALL/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 30.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (171 to 106), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (171)
Ending of entry zone (106)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 264
TP2= @ 302
TP3= @ 360
TP4= @ 518
TP5= @ 643
TP6= @ 777
TP7= @ 895
TP8= @ 955
TP9= @ 1210
TP10= Free
GBYTEUSD trade ideas
GBYTE/USD first reactionDear friend, perhaps I am in love with this coin mainly because is one of the first coin I bought but something is happening. Nothing important but rebound has started. As you can see I draw two triangle and the time is ripe for accumulating some position on this coin. The first top was in 1000 usd area while the second reached 1200 usd. Next long time target is in 1350/1400 usd area with many steps along this path. If the coin will break the 200 hundreds period MA trend will change and the price will accelerate towards ambitious target.
Happy Trading
"A picture is worth a thousand words"
Byteball Road Back To $1000-Orange line is GBTE/BTC-
The Future is bright for byteball. Amazing project, if you are unfamiliar with it they use a DAG based "blockchain" you can catch up by reading the whitepaper first byteball.org or check out thier medium page for fast reads medium.com
,
Dyor.
Updates for March: medium.com
GBYTEUSD , The opportunity to buy is near. Keep your eye on it..Technical analysis:
BYTEBALL/DOLLAR is in a Range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 40.
Trading suggestion:
There is no trend in the market and the price is in a range bound, but we forecast an uptrend would begin.
There is possibility of temporary retracement to suggested support zone (354 to 264), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (354)
Ending of entry zone (264)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 518
TP2= @ 643
TP3= @ 777
TP4= @ 895
TP5= @ 963
TP6= @ 1210
TP7= Free
ByteBalls support In the short term I am increasingly bullish as Byteballs reaches a key level. I see this project as the true first DAG which is a great portfolio addition to have to counter balance your blockchain bets. Byteballs is looking to overcome it's airdrop status and be a true contender in the field. With such a low supply, fee-less transactions, smart contract capabilities, and cheap POW. I see this as the MOST OPTIMAL time to add this to your portfolio. I see this as the BTC of DAGS.
Byteball analysis I recently watched on Youtube Louis Thomas telling his viewers he is buying Byteball (see link below). His fundamental analysis has been impressive to date, and his explanation on why he liked Byteball makes sense. One key component I find interesting is its incredibly low supply of 1,000,000 coins, and a circulating supply of 645,000 coins. Of course, if the tech behind any coin is weak, then the supply doesn't matter much (I am not saying Byteball tech is weak). Furthermore, in 2017 we've seen that supply is not that important for a major rally (Ripple, Tron, and a few other coins with multi-billions in supply have proven this). Second, Byteball's performance in relation to other tokens and coins in 2017 was really unimpressive. This is perhaps the most important reason I will likely stay away, as Byteball has been available to the public long enough to have been noticed by now, or at least much more than 600 mill in market cap by the 4th quarter of 2017 (current market cap is 180 mill). Third, the crypto market in general is in a state of possible breakdown and bear market, so any altcoin will need to be scrutinized much more heavily than 2017. However, I am a chartist at the end of the day, so if the price action displays close to what I indicated in the chart, I will be interested to own some.
www.youtube.com
Byteball if it were to follow a 1:1 extension thru to wave 5Time will tell, but i am bullish on Byteball and the GBYTEUSD and GBYTEBTC pair both look bullish, infact the BTC pairing may have more insight to the growth potential Byteball may see in the next coming months.
a coin i own little of, and wished i had bought more when i did! But its also nice to have something on the UP when everything else has been struggling
Byteball, the only DAG coin that hasn't pumped yetWe all know how cool DAG hype is. GBYTE could be $3000
Byteball Rolling UpBytebal slowly but steadily rising and after each correction producing a new high. After reaching the recent high at $1188 price declined back to the 8/1 Gann Fan trendline, which was successfully rejected.
At this point, the uptrend is likely to continue and GBYTE/USD could test $1500-1600 area, where are two Fibonacci retracement levels applied to the last two corrective waves down. It should be kept in mind that the key support remains at $355 and only break and close above it could invalidate bullish outlook. At the same time, break above the upside target would confirm a further uptrend, while rejection should result in a short to medium term change in trend.
Byteball A bullish sentiment for byteball , but wait for a retracement towards $500.
Then look to target the fib extensions , for a 3 to 5 fold price increase.
Take your stop position below $125.
Risk Reward is 5+..... :)
Gbyte Bullish divergenceLooks like the bottom is getting close on Gbyte. Gbyte is a good fundamental coin. Theres only 1 million coins of gbyte as well. The MACD looks like it has a bullish divergence in it possibly causing a reversal in price. Daily Stoch is on its way up. Also RSI looks like its oversold as well. I think this coin has a very good risk reward. I like to have a mix of coins that cost a large, medium, and small amount in my portfolio. This 1 can be thrown in as a large coin which is fundamentally strong
