🌱GENESIS VISION (GVT) NOWHERE REVIEW | BITCOIN BULLS TIRED
It’s been 4 days straight push for the bulls, are they tired yet ? The previous time, it did a straight bullish push was around early jan 2018 from near bottom of the channel and took about 5 days of green bullish candle to reach the channel top before turning into a downtrend again. Just a little more before hitting the 100 day moving average to test if it can grip hold onto it.
Depending on the speed of touching the channel top, price can range from 11600 to 12000. Candles might just form consolidation as what we saw previously around the 11500 ~ 11700. Probably the making of another inverse head and shoulder with neckline around this range too. Possibilities of testing the 10000 or 9000 (aka the other inverse shoulder low)
With the big bro bullish rally, almost all the other altcoin follow suit too. Giving them more room for upside gains. Do take caution of the big brother (aka bitcoin) short term limited upside space. Today on binance, Genesis Vision (GVT) trading volume surged and made a 20+% gain for the past 24hrs. GVT currently have a much lower supply of coins at around 4 million plus as compared to the other altcoins.
What is Genesis Vision (GVT) ?
They are probably the first coin that i know doing such concept. They create this platform similar exchange with lots of altcoin listing. They act as an exchange with lots of ‘manager branded coin’ listing.
Managers are corporation or individual who are trading the different cryptocurrencies in their portfolio. These managers with their trade/performance records can list their branded coin on genesis vision which allow other Users/investors of the genesis vision whom can assess the manager’s track record and performance before investing GVT in that particular manager(kinda fund manager or index fund or ETF which consist composite of stocks, user/investors can pick manager which manage basket of cryptocurrencies).
What do you think of this concept and will you be testing it out ?
Thank you for watching! =)
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Disclaimer : This is not financial advice, it's all based on my personal biased opinion. Do your own research and put in the amount you can afford to lose.
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nice post
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