BYTEBALL (GBYTE) & Head & Shoulders Pattern

in #byteball7 years ago (edited)

SUMMARY

Byteball (BGYTE) had undergone a complex wxyxz wedge correction which burst out in a five wave impulse (white). I've labeled the abc as a simple zigzag and the key question is if the bottom is in or not. As long as Bitcoin performs, I beieve it could be highly likely.

The pattern that seems to be paint a bullish scenario is the inverted Head & Shoulders as shown in below chart. The pattern is also confired by volume thus far. IF this pattern is correct, then the right shoulder should start completing soon. This could allow price to rise towards $887 or so.

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Yes, and wave 2 coincides with the handle formation.

Thanks for this analysis! Please do SPR, I'm curious if you think it will come back after it failed to fork in late January and sentiment is now that it was/is a scam.

Great info! I have taken a liking to Byteball, but can anyone recommend a channel/blog to follow that trades on Satoshi value as well? I personally can't trade in USD (I'm South African) so it makes it a bit difficult going by these USD signals, although we do appreciate it nevertheless.

Good to read this post as it gives me a good insight of the discuss matter, keep it coming and don't forget to give me a cool reward on my thread. Enjoy

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