Two inverse head and shoulders in a row - rare bullish pattern
GCRBTC just recently developed a second inverse head and shoulders pattern ~8 after the initial pattern.
This is a rare bullish signal, and if BTCUSD drops, this could be the catalyst to the projected 0.00012 BTC.
RSI is trending upwards too, and the MACD is signalling a reversal on the 30 minute chart.
This is a rare bullish signal, and if BTCUSD drops, this could be the catalyst to the projected 0.00012 BTC.
RSI is trending upwards too, and the MACD is signalling a reversal on the 30 minute chart.
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*UPDATE*
Ascending triangle in full development. Very bullish signal (84.5% statistical success rate). Once it crosses the horizontal resistance line, this will run up big, and I mean that this will be the big spike. Accumulating here makes sense. If you want to make money, you need to take on the risk for the potential huge reward!
Risk: 20%; Reward: 50%~600%.
Always make sure, don't risk more than what you can lose.
Good luck!
Ascending triangle in full development. Very bullish signal (84.5% statistical success rate). Once it crosses the horizontal resistance line, this will run up big, and I mean that this will be the big spike. Accumulating here makes sense. If you want to make money, you need to take on the risk for the potential huge reward!
Risk: 20%; Reward: 50%~600%.
Always make sure, don't risk more than what you can lose.
Good luck!
BTC is acting with very high volatility. I expect BTC to recover in the short term, however once it hits $20,000~$21,000 USD, it will go lower, much lower (i.e. a correction).
It is a good time to accumulate GCR now for a good 100%~600% profit. Could reach as high as 0.00012.
Sell price targets depend on your entry point.
If you got in around 0.000012~0.00002, then it makes sense to sell around 0.00003 for a 50%~150% gain. But definitely leave some for 0.00007~0.00012.
If you are a bag holder from the 0.00004 level, then it would be good to sell some at 0.00002~0.00003 (about 20%), and then hold until it reaches above 0.00004, as I believe this will happen in due time.
Stop loss - again depends on entry point, but if it goes below 0.00001, it is recommended to cut losses and sell your entire position as recovery will be extremely difficult once it crosses that mark. Good luck!