im never one to fomo in but GVT did have me wanting to push buy with the release of Genesis Markets this week, but as always my stubbornness to buy when a cheaper opportunity is possible always seems to win (sometimes for the best and other times not).
i have been following the gvt/eth pattern for a while as it shows less volatility then the gvt/btc pairing, meaning a clear visibility of what may be going on.
right now it looks as if we are about 0.5 fib of the new bull run and the bbands show price hovering right around the 20 sma with support. however a couple of other indicators say different: rsi, although it was looking good during the 'news pump' has now found itself pointing south & the ichi cloud has all lines and candles below the cloud with no green insight (yet), thus points south.
i think without investors actually having the ability to use the genesis token (both in GM as a manager or in GV as an investor) then there isnt actually a global need for it yet so why would there be a surge in price without a product to use it with? you wouldn't stock up on fuel if you didnt own a vehicle to use it with.
with so much uncertainty and bitcoin not sure what its doing then we could well be seeing another drop to the 0016 zone for a triple bottom or possibly worst with btc having a mega dump we could find ourselves below the 0016 support as low as 0014!
alot of people believe that gvt moves independently of bitcoin and as much as that was true in Q1 since April we have followed the mother ships patterns and if bitcoin does goe then so we will we despite the direction.
a drop below 0020 and we could be in trouble and unfortunately until we have a 'fully' usable product for investors and managers then bitcoin is firmly in control.
prepare for all occasions gvt fans.
peace
i have been following the gvt/eth pattern for a while as it shows less volatility then the gvt/btc pairing, meaning a clear visibility of what may be going on.
right now it looks as if we are about 0.5 fib of the new bull run and the bbands show price hovering right around the 20 sma with support. however a couple of other indicators say different: rsi, although it was looking good during the 'news pump' has now found itself pointing south & the ichi cloud has all lines and candles below the cloud with no green insight (yet), thus points south.
i think without investors actually having the ability to use the genesis token (both in GM as a manager or in GV as an investor) then there isnt actually a global need for it yet so why would there be a surge in price without a product to use it with? you wouldn't stock up on fuel if you didnt own a vehicle to use it with.
with so much uncertainty and bitcoin not sure what its doing then we could well be seeing another drop to the 0016 zone for a triple bottom or possibly worst with btc having a mega dump we could find ourselves below the 0016 support as low as 0014!
alot of people believe that gvt moves independently of bitcoin and as much as that was true in Q1 since April we have followed the mother ships patterns and if bitcoin does goe then so we will we despite the direction.
a drop below 0020 and we could be in trouble and unfortunately until we have a 'fully' usable product for investors and managers then bitcoin is firmly in control.
prepare for all occasions gvt fans.
peace