🌱GIFTO (GTO) REVIEW NOWHERE | BITCOIN 9000 BREAK OR TURN
200 moving average seem to be supporting well for the candles, probably it will come test again to see it's strength in the next few days. Shorter MA looks like it's crossed and possibly curving upwards depending on how the candle close today and tml. Volume still dropping though and hitting channel top and 9000 resistance plus neckline around 8800 to 9000. Maybe the head and shoulder pattern will complete and then wait for break out either to the up or down again.
Gifto trading volume surge in the past 24hrs on binance, and with binance promoting it for lucky draw and trading competition, it's definitely getting more eyeballs. Trading volume hit 9000 btc worth and change with positive almost 46% gain in the past 24hrs.
On the chart which i forget to mentioned, at around $0.40 seem like a good resistance and support line and it's about the 60% pullback from it's high of $0.98
I mentioned that it's similar move to others like Peiwo app integration with Tron. And maybe soon cobinhood and 17 media. And maybe Bigo.
Gifto seem to be something different instead of application specific like tron peiwo or even steemit which mainly if not entirely target users of their own platform entirely, gifto act as a underlaying protocol which users on popular social media like Facebook, twitter, youtube, linkedin etc can share their content creation via it's protocol link. Followers/users who like the content can reward the content creator directly though gifting of virtual items via this protocol link. These virtual gift items can be exchange with the gifto protocol coin. This maybe will create a better transition as it's not replacing and more of compliment existing very large users based platform. Content creators on these platform have additional means of gaining financial reward compare to now little or no reward from the platform itself.
What's your opinion of gifto coin and it's gifting concept ?
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Thanks for the technical analysis. I honestly think that there are a couple of reasons for the recent downfall.
a) the recent ban on buying cryptos with credit cards
b) chinese new year
yup @alimardon those are possible news that cause the movement, i listed some other 'reasons' here https://busy.org/@onepercentbetter/qsp8wjr1
ultimately, it's still back to supply and demand. somehow the techincal analysis drawing were drawn before all these news =) so chicken or egg ?
Hi, great post, worth a follow.
@cryptoissweet, thx for commenting.
Dear onepercentbetter,
Btc ftw. I mean, it will go up soon enough. I mostly agree with your opinion. Head n shoulders could appear too.
However, at the latest of March everything should go up - btc could fall again (one last time), but it does not seem too likely right now.
Yours truly, Gandalf The White
it like likely to complete the head and shoulder pattern but after tat it might break up or down. There's similar pattern for the past 3 yrs tat it went up back frm feb into mar after pullback, let's see how it do for 2018.
Ah sry, I had not had time to answer you the last days. I was too busy. And I have to admit that I have forgotten what we were talking about exactly. I mean, I cannot watch this video somehow. It is only loading. If you are looking at the daily chart of btcusd then you are right. Hns pattern has finished a few days/weeks ago and it appears to be going up again. Finally.
However, we will see my friend.
Have a good one!
yeah i m looking at daily btcusd. different ppl might draw their TA differently =)
you have a great one too
Okay. Absolutely true. That is why I do like the daily chart (and 4h chart) the best - in combination with some certain indicators and drawing tools. Many people just interpret too much out of some price graphs. ;P
Thx my friend!
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