Byteball Bytes (GBYTE) is a very strong coin. Volume is strong and the chart is rock solid. This is really good news, but why?
When you have a strong coin with a strong chart, then manipulation and pump & dump activity is harder to take place, so we don’t have to think about those. We can really hold this long term trade.
So if we have some great signals, like the ones you will see below, you can be sure that you are holding a very strong hand. To move this market against the natural flow, it would take a lot of Bitcoins. But, fair warning, solid charts / coins / trades like this one, can also take a “solid” amount of time to take off (look at ETC for example). Patience is advised. Once you join this trade, you can sit back and relax and let it decide its on way. This is not a 3 minutes game, this can take weeks or even days.
This cryptocurrency all time high reached 0.38849 Bitcoins per Byteball Bytes on the 1st July 2017. I keep on looking at this number and wonder if it is a mistake. This coin has one of the strongest all time highs against BTC compared to all other coins in the market. I am guessing the supply is really low.
Ranked at 61 on the Top100 of CoinMarketCap, one of these beauties costs $1,002 usd, at the time of this writing.
Byteball Bytes (GBYTE) Technical analysis (Trade Idea)
- The first and main indicator I looked at when looking at Bytes daily chart, was the positive divergence on the MACD. This signal lasted for two months, meaning, two long months of accumulation by buyers. A small dip after the accumulation, then bounce and breakout. Bytes (GBYTE) is now in an uptrend.
- On the following daily chart you can see how Bytes bounced back from the bottom to start an uptrend. You can see the new uptrend channel. You can see the positive divergence on the MACD (red lines) and you also have a broken trendline and the rest of all the indicators. Enjoy it.
- On the weekly chart you can see the green weekly candles, the breakout, the new uptrend and all the indicators going up. You can compare what happened in the previous months to understand that this cryptocurrency is now tired of going down. It wants to try something new, it wants to go up.
Here is the weekly chart… for your entertainment:
Now that we know this is a solid trade with solid signals being given by the charts, let’s buy this coin shall we? Now, let’s trade.
Buy-in: 0.067 – 0.080
Note: I am not quite convinced with the strength required to reach these targets but, this is the cryptocurrency market, everything is possible. The signals are strong, the charts are great, let’s open our positions, and enjoy this trade. Namaste.
A Message of Abundance
Yes, you do deserve everything that is coming your way.
You deserve the good things, but the bad things are there as well.
Abundance is the feeling of knowing that you will receive everything that you wish.
You will always fulfill all of your needs.
Abundance sounds great, abundance is rich.
So here is my advice, to keep abundance with me.
Think of this moment as if it is everything you want it to be.
It might be not, the future will be.
Focus all your energy on this vision of you. Fulfilling your purpose, doing that which is good.
Remember that everything changes based on your thoughts, so if you feel rich and in abundance.
That is what you will become.
Mantra: “Om Stanesha Vahtu Nevehem”